Insider Selling: Alamo Group, Inc. (NYSE:ALG) EVP Sells 500 Shares of Stock

Alamo Group, Inc. (NYSE:ALG) EVP Richard Hodges Raborn sold 500 shares of the business’s stock in a transaction on Friday, June 7th. The shares were sold at an average price of $98.88, for a total transaction of $49,440.00. Following the sale, the executive vice president now owns 6,903 shares of the company’s stock, valued at approximately $682,568.64. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Richard Hodges Raborn also recently made the following trade(s):

  • On Monday, May 20th, Richard Hodges Raborn sold 569 shares of Alamo Group stock. The shares were sold at an average price of $95.43, for a total transaction of $54,299.67.

ALG opened at $99.93 on Friday. The company has a market capitalization of $1.17 billion, a price-to-earnings ratio of 16.82 and a beta of 0.91. The firm’s 50-day moving average is $97.93. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.79 and a current ratio of 4.63. Alamo Group, Inc. has a fifty-two week low of $72.50 and a fifty-two week high of $106.19.

Alamo Group (NYSE:ALG) last posted its quarterly earnings results on Wednesday, May 1st. The industrial products company reported $1.28 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.36 by ($0.08). The company had revenue of $261.93 million for the quarter. Alamo Group had a net margin of 7.18% and a return on equity of 13.97%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ALG. Tygh Capital Management Inc. purchased a new stake in Alamo Group during the first quarter valued at about $6,000,000. Walthausen & Co. LLC lifted its holdings in Alamo Group by 127.0% during the first quarter. Walthausen & Co. LLC now owns 87,065 shares of the industrial products company’s stock valued at $8,701,000 after purchasing an additional 48,715 shares during the last quarter. ClariVest Asset Management LLC purchased a new stake in Alamo Group during the first quarter valued at about $3,948,000. Victory Capital Management Inc. lifted its holdings in Alamo Group by 5.3% during the fourth quarter. Victory Capital Management Inc. now owns 770,068 shares of the industrial products company’s stock valued at $59,542,000 after purchasing an additional 38,494 shares during the last quarter. Finally, Royce & Associates LP lifted its holdings in shares of Alamo Group by 19.9% in the fourth quarter. Royce & Associates LP now owns 209,005 shares of the industrial products company’s stock worth $16,160,000 after buying an additional 34,727 shares in the last quarter. 94.71% 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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