Alamo Group, Inc. (NYSE:ALG) EVP Richard Hodges Raborn sold 569 shares of the company’s stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $95.43, for a total value of $54,299.67. Following the completion of the transaction, the executive vice president now directly owns 7,403 shares in the company, valued at $706,468.29. The transaction was disclosed in a filing with the SEC, which is available at this link.
ALG stock traded up $1.99 during midday trading on Tuesday, hitting $97.48. The company’s stock had a trading volume of 128 shares, compared to its average volume of 72,177. The stock has a market capitalization of $1.11 billion, a PE ratio of 15.85 and a beta of 0.86. Alamo Group, Inc. has a 12 month low of $72.50 and a 12 month high of $106.19. The company has a current ratio of 4.63, a quick ratio of 2.79 and a debt-to-equity ratio of 0.35.
Alamo Group (NYSE:ALG) last released its quarterly earnings data on Wednesday, May 1st. The industrial products company reported $1.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.36 by ($0.08). The business had revenue of $261.93 million during the quarter. Alamo Group had a net margin of 7.18% and a return on equity of 13.97%.
Hedge funds have recently added to or reduced their stakes in the stock. Huntington National Bank bought a new position in Alamo Group in the 1st quarter valued at approximately $26,000. One Wealth Advisors LLC bought a new position in Alamo Group in the 1st quarter valued at approximately $30,000. Federated Investors Inc. PA bought a new position in Alamo Group in the 1st quarter valued at approximately $36,000. Oppenheimer Asset Management Inc. bought a new position in Alamo Group in the 4th quarter valued at approximately $43,000. Finally, C M Bidwell & Associates Ltd. bought a new position in Alamo Group in the 1st quarter valued at approximately $55,000. 93.02% of the stock is currently owned by institutional investors and hedge funds.
About Alamo Group
Alamo Group Inc designs, manufactures, distributes, and services agricultural and infrastructure maintenance equipment for governmental and industrial use worldwide. The company offers hydraulically-powered and tractor-mounted mowers, including boom-mounted mowers; other cutters and replacement parts for heavy-duty and intensive uses; and heavy duty, tractor- and truck-mounted mowing, and vegetation maintenance equipment and replacement parts.
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