Alamo Group, Inc. (NYSE:ALG) VP Geoff Davies sold 4,000 shares of Alamo Group stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $98.16, for a total value of $392,640.00. Following the completion of the sale, the vice president now owns 3,800 shares in the company, valued at $373,008. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Alamo Group, Inc. (NYSE ALG) traded up 0.78% during midday trading on Wednesday, hitting $101.57. The company had a trading volume of 51,966 shares. Alamo Group, Inc. has a 52 week low of $58.30 and a 52 week high of $101.57. The company has a market capitalization of $1.18 billion, a P/E ratio of 26.11 and a beta of 0.96. The stock has a 50 day moving average price of $91.84 and a 200 day moving average price of $85.65.

Alamo Group (NYSE:ALG) last announced its quarterly earnings data on Wednesday, August 2nd. The industrial products company reported $1.05 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.05. Alamo Group had a return on equity of 11.78% and a net margin of 5.32%. The company had revenue of $213.28 million for the quarter, compared to analysts’ expectations of $217.90 million. Equities analysts forecast that Alamo Group, Inc. will post $4.21 earnings per share for the current fiscal year.

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A number of large investors have recently made changes to their positions in ALG. Acrospire Investment Management LLC grew its stake in Alamo Group by 150.1% in the second quarter. Acrospire Investment Management LLC now owns 1,173 shares of the industrial products company’s stock worth $107,000 after purchasing an additional 704 shares in the last quarter. Pinebridge Investments L.P. grew 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 worth $113,000 after purchasing an additional 17 shares in the last quarter. BNP Paribas Arbitrage SA grew its stake in Alamo Group by 10.0% in the first quarter. BNP Paribas Arbitrage SA now owns 1,712 shares of the industrial products company’s stock worth $130,000 after purchasing an additional 156 shares in the last quarter. Mason Street Advisors LLC grew its stake in Alamo Group by 7.0% in the first quarter. Mason Street Advisors LLC now owns 2,207 shares of the industrial products company’s stock worth $168,000 after purchasing an additional 144 shares in the last quarter. Finally, State of Alaska Department of Revenue grew its stake in Alamo Group by 79.3% in the second quarter. State of Alaska Department of Revenue now owns 1,865 shares of the industrial products company’s stock worth $169,000 after purchasing an additional 825 shares in the last quarter. 90.30% of the stock is currently owned by institutional investors.

ALG has been the topic of a number of recent analyst reports. Piper Jaffray Companies set a $104.00 price objective on Alamo Group and gave the stock a “buy” rating in a research report on Friday, August 25th. Zacks Investment Research upgraded Alamo Group from a “hold” rating to a “buy” rating and set a $100.00 price target on the stock in a research report on Tuesday, August 22nd. BidaskClub upgraded Alamo Group from a “hold” rating to a “buy” rating in a research report on Thursday, June 29th. Finally, ValuEngine upgraded Alamo Group from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $96.67.

Alamo Group Company Profile

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.

Insider Buying and Selling by Quarter for Alamo Group (NYSE:ALG)

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