Alamo Group, Inc. (NYSE:ALG) VP Geoff Davies sold 4,000 shares of the stock in a transaction on Monday, September 18th. The shares were sold at an average price of $98.16, for a total transaction of $392,640.00. Following the sale, the vice president now directly owns 3,800 shares of the company’s stock, valued at approximately $373,008. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Shares of Alamo Group, Inc. (NYSE ALG) traded down 0.30% on Thursday, reaching $101.27. 40,967 shares of the company’s stock traded hands. The firm has a market cap of $1.18 billion, a P/E ratio of 26.03 and a beta of 0.96. The stock has a 50-day moving average of $91.84 and a 200 day moving average of $85.65. Alamo Group, Inc. has a 12-month low of $58.30 and a 12-month high of $102.10.

Alamo Group (NYSE:ALG) last issued its earnings results on Wednesday, August 2nd. The industrial products company reported $1.05 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $1.05. The firm had revenue of $213.28 million during the quarter, compared to analyst estimates of $217.90 million. Alamo Group had a net margin of 5.32% and a return on equity of 11.78%. On average, equities research analysts expect that Alamo Group, Inc. will post $4.21 earnings per share for the current year.

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ALG has been the subject of several research reports. ValuEngine upgraded shares of Alamo Group from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Zacks Investment Research upgraded shares of Alamo Group from a “hold” rating to a “buy” rating and set a $103.00 price objective for the company in a report on Wednesday, September 6th. BidaskClub lowered shares of Alamo Group from a “buy” rating to a “hold” rating in a report on Friday, June 23rd. Finally, Piper Jaffray Companies set a $104.00 price objective on shares of Alamo Group and gave the stock a “buy” rating in a report on Friday, August 25th. 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. The company currently has a consensus rating of “Hold” and an average target price of $96.67.

Several institutional investors and hedge funds have recently modified their holdings of the company. USA Financial Portformulas Corp purchased a new stake in shares of Alamo Group during the second quarter valued at $317,000. Westwood Holdings Group Inc. boosted its stake in shares of Alamo Group by 15.9% during the second quarter. Westwood Holdings Group Inc. now owns 104,891 shares of the industrial products company’s stock valued at $9,525,000 after purchasing an additional 14,420 shares during the period. Cubist Systematic Strategies LLC purchased a new stake in shares of Alamo Group during the second quarter valued at $285,000. State Street Corp boosted its stake in shares of Alamo Group by 5.7% during the second quarter. State Street Corp now owns 225,191 shares of the industrial products company’s stock valued at $20,447,000 after purchasing an additional 12,110 shares during the period. Finally, Goldman Sachs Group Inc. boosted its stake in shares of Alamo Group by 45.8% during the second quarter. Goldman Sachs Group Inc. now owns 30,339 shares of the industrial products company’s stock valued at $2,755,000 after purchasing an additional 9,536 shares during the period. 90.30% of the stock is owned by hedge funds and other institutional investors.

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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