Alamo Group Inc. (NYSE:ALG) Insider Sells $22,582.50 in Stock

Alamo Group Inc. (NYSE:ALG) insider Ronald A. Robinson sold 150 shares of Alamo Group stock in a transaction on Monday, June 7th. The stock was sold at an average price of $150.55, for a total transaction of $22,582.50. Following the sale, the insider now directly owns 220,667 shares in the company, valued at approximately $33,221,416.85. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Shares of ALG opened at $149.48 on Friday. Alamo Group Inc. has a 52-week low of $93.85 and a 52-week high of $165.98. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.10 and a current ratio of 3.55. The business’s fifty day simple moving average is $156.62. The firm has a market cap of $1.78 billion, a PE ratio of 30.26, a PEG ratio of 2.02 and a beta of 0.97.

Alamo Group (NYSE:ALG) last announced its earnings results on Tuesday, May 4th. The industrial products company reported $1.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.39 by $0.08. Alamo Group had a net margin of 5.05% and a return on equity of 10.26%. The company had revenue of $311.19 million for the quarter. On average, sell-side analysts predict that Alamo Group Inc. will post 7.41 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 29th. Shareholders of record on Thursday, April 15th were paid a dividend of $0.14 per share. The ex-dividend date was Wednesday, April 14th. This represents a $0.56 annualized dividend and a yield of 0.37%. Alamo Group’s dividend payout ratio (DPR) is presently 9.43%.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Mutual of America Capital Management LLC boosted its stake in Alamo Group by 7.1% during the 1st quarter. Mutual of America Capital Management LLC now owns 1,318 shares of the industrial products company’s stock worth $206,000 after purchasing an additional 87 shares during the last quarter. Captrust Financial Advisors boosted its stake in Alamo Group by 7.1% during the 4th quarter. Captrust Financial Advisors now owns 1,360 shares of the industrial products company’s stock worth $188,000 after purchasing an additional 90 shares during the last quarter. Oregon Public Employees Retirement Fund raised its holdings in shares of Alamo Group by 2.5% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 4,064 shares of the industrial products company’s stock worth $635,000 after acquiring an additional 100 shares during the period. IndexIQ Advisors LLC raised its holdings in shares of Alamo Group by 9.7% during the 1st quarter. IndexIQ Advisors LLC now owns 2,587 shares of the industrial products company’s stock worth $404,000 after acquiring an additional 228 shares during the period. Finally, The Manufacturers Life Insurance Company raised its holdings in shares of Alamo Group by 4.2% during the 4th quarter. The Manufacturers Life Insurance Company now owns 5,875 shares of the industrial products company’s stock worth $810,000 after acquiring an additional 236 shares during the period. 90.55% of the stock is currently 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, such as 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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Insider Buying and Selling by Quarter for Alamo Group (NYSE:ALG)

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