Alamo Group, Inc. (ALG) EVP Sells $223,060.00 in Stock
Alamo Group, Inc. (NYSE:ALG) EVP Richard Hodges Raborn sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $111.53, for a total transaction of $223,060.00. Following the transaction, the executive vice president now owns 4,500 shares in the company, valued at $501,885. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Richard Hodges Raborn also recently made the following trade(s):
- On Friday, September 1st, Richard Hodges Raborn sold 364 shares of Alamo Group stock. The stock was sold at an average price of $92.19, for a total transaction of $33,557.16.
Alamo Group, Inc. (ALG) traded up $2.91 on Tuesday, hitting $113.56. 63,323 shares of the company were exchanged, compared to its average volume of 56,673. The company has a debt-to-equity ratio of 0.28, a quick ratio of 2.85 and a current ratio of 4.48. The company has a market capitalization of $1,320.00, a P/E ratio of 25.67 and a beta of 0.93. Alamo Group, Inc. has a twelve month low of $58.30 and a twelve month high of $114.57.
Alamo Group (NYSE:ALG) last posted its quarterly earnings results on Tuesday, October 31st. The industrial products company reported $1.40 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.24 by $0.16. The business had revenue of $240.46 million during the quarter, compared to the consensus estimate of $223.40 million. Alamo Group had a net margin of 5.56% and a return on equity of 12.11%. equities analysts anticipate that Alamo Group, Inc. will post 4.16 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, October 27th. Investors of record on Monday, October 16th were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.35%. The ex-dividend date was Friday, October 13th. Alamo Group’s dividend payout ratio (DPR) is 9.59%.
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A number of large investors have recently modified their holdings of the business. Pinebridge Investments L.P. increased its stake in Alamo Group by 1.4% in the second quarter. Pinebridge Investments L.P. now owns 1,248 shares of the industrial products company’s stock valued at $113,000 after purchasing an additional 17 shares in the last quarter. Texas Permanent School Fund increased its stake in Alamo Group by 1.2% in the second quarter. Texas Permanent School Fund now owns 6,915 shares of the industrial products company’s stock valued at $628,000 after purchasing an additional 80 shares in the last quarter. Louisiana State Employees Retirement System increased its stake in Alamo Group by 2.6% in the second quarter. Louisiana State Employees Retirement System now owns 3,900 shares of the industrial products company’s stock valued at $354,000 after purchasing an additional 100 shares in the last quarter. Legal & General Group Plc increased its stake in Alamo Group by 1.2% in the first quarter. Legal & General Group Plc now owns 15,757 shares of the industrial products company’s stock valued at $1,202,000 after purchasing an additional 184 shares in the last quarter. Finally, Strs Ohio increased its stake in Alamo Group by 6.1% in the second quarter. Strs Ohio now owns 3,500 shares of the industrial products company’s stock valued at $317,000 after purchasing an additional 200 shares in the last quarter. 88.98% of the stock is owned by hedge funds and other institutional investors.
A number of equities research analysts recently weighed in on ALG shares. Piper Jaffray Companies set a $104.00 price target on shares of Alamo Group and gave the stock a “buy” rating in a research note on Friday, August 25th. Zacks Investment Research raised shares of Alamo Group from a “hold” rating to a “buy” rating and set a $100.00 price target for the company in a research note on Tuesday, August 22nd. ValuEngine raised shares of Alamo Group from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Finally, BidaskClub downgraded shares of Alamo Group from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $99.33.
About Alamo Group
Alamo Group Inc is engaged in the design and manufacture of agricultural equipment and infrastructure maintenance equipment for governmental and industrial use. The Company operates in Industrial, Agricultural and European segments. The Company’s products include tractor-mounted mowing and other vegetation maintenance equipment, street sweepers, excavators, vacuum trucks, snow removal equipment, pothole patchers, zero turn radius mowers, agricultural implements and related aftermarket.
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