Alamo Group, Inc. (NYSE:ALG) VP Richard J. Wehrle sold 6,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 4th. The shares were sold at an average price of $95.05, for a total value of $570,300.00. Following the transaction, the vice president now directly owns 16,404 shares of the company’s stock, valued at $1,559,200.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of NYSE:ALG traded down $0.31 on Thursday, reaching $96.02. 895 shares of the company traded hands, compared to its average volume of 70,863. Alamo Group, Inc. has a fifty-two week low of $88.12 and a fifty-two week high of $120.58. The company has a market capitalization of $1.12 billion, a PE ratio of 20.74 and a beta of 0.96. The company has a debt-to-equity ratio of 0.25, a quick ratio of 2.92 and a current ratio of 4.66.
Alamo Group (NYSE:ALG) last announced its quarterly earnings data on Wednesday, August 1st. The industrial products company reported $1.53 EPS for the quarter, beating analysts’ consensus estimates of $1.37 by $0.16. The company had revenue of $257.13 million during the quarter, compared to the consensus estimate of $237.40 million. Alamo Group had a return on equity of 13.31% and a net margin of 5.43%. research analysts forecast that Alamo Group, Inc. will post 5.93 EPS for the current fiscal year.
A number of equities research analysts have weighed in on the company. Zacks Investment Research upgraded Alamo Group from a “sell” rating to a “hold” rating in a research report on Thursday, June 21st. ValuEngine downgraded Alamo Group from a “buy” rating to a “hold” rating in a research report on Friday, June 1st.
Several hedge funds and other institutional investors have recently bought and sold shares of ALG. Millennium Management LLC acquired a new position in shares of Alamo Group in the fourth quarter worth $460,000. Wells Fargo & Company MN increased its position in Alamo Group by 4.0% during the first quarter. Wells Fargo & Company MN now owns 19,168 shares of the industrial products company’s stock worth $2,107,000 after buying an additional 745 shares during the last quarter. SG Americas Securities LLC acquired a new position in Alamo Group during the first quarter worth $224,000. Trexquant Investment LP acquired a new position in Alamo Group during the first quarter worth $205,000. Finally, Prudential Financial Inc. increased its position in Alamo Group by 23.7% during the first quarter. Prudential Financial Inc. now owns 81,726 shares of the industrial products company’s stock worth $8,982,000 after buying an additional 15,676 shares during the last quarter. 91.31% 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. It operates in three segments: Industrial, Agricultural, and European. The company offers hydraulically-powered and tractor-mounted mowers, including boom-mounted mowers; cutters for heavy-duty and intensive use applications; and heavy duty tractors-and truck-mounted mowing, and vegetation maintenance equipment and parts.
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