Alamo Group, Inc. (NYSE:ALG) VP Richard J. Wehrle sold 700 shares of the stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of $100.01, for a total transaction of $70,007.00. Following the completion of the transaction, the vice president now owns 17,097 shares in the company, valued at $1,709,870.97. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
ALG traded up $1.17 during mid-day trading on Friday, hitting $96.84. The stock had a trading volume of 68,023 shares, compared to its average volume of 63,519. The business’s fifty day simple moving average is $97.44. The company has a debt-to-equity ratio of 0.35, a current ratio of 4.63 and a quick ratio of 2.79. Alamo Group, Inc. has a 1-year low of $72.50 and a 1-year high of $106.19. The firm has a market cap of $1.14 billion, a price-to-earnings ratio of 16.30 and a beta of 0.89.
Alamo Group (NYSE:ALG) last released its earnings results on Wednesday, May 1st. The industrial products company reported $1.28 earnings per share for the quarter, missing analysts’ consensus estimates 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%.
Institutional investors and hedge funds have recently made changes to their positions in the company. Huntington National Bank bought a new stake in shares of Alamo Group during the 1st quarter valued at approximately $26,000. Oppenheimer Asset Management Inc. bought a new stake in Alamo Group during the 4th quarter worth approximately $43,000. First Interstate Bank grew its holdings in Alamo Group by 11.3% during the 1st quarter. First Interstate Bank now owns 1,581 shares of the industrial products company’s stock worth $158,000 after acquiring an additional 161 shares during the last quarter. BNP Paribas Arbitrage SA grew its holdings in Alamo Group by 1,974.2% during the 1st quarter. BNP Paribas Arbitrage SA now owns 2,012 shares of the industrial products company’s stock worth $201,000 after acquiring an additional 1,915 shares during the last quarter. Finally, Janus Henderson Group PLC bought a new stake in Alamo Group during the 1st quarter worth approximately $212,000. 94.71% of the stock is owned by institutional investors.
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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