Alamo Group, Inc. (NYSE:ALG) VP Dan Edward Malone sold 1,200 shares of the firm’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $108.73, for a total transaction of $130,476.00. Following the completion of the transaction, the vice president now directly owns 15,550 shares in the company, valued at $1,690,751.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Dan Edward Malone also recently made the following trade(s):

  • On Tuesday, August 6th, Dan Edward Malone sold 1,299 shares of Alamo Group stock. The shares were sold at an average price of $108.77, for a total transaction of $141,292.23.
  • On Friday, June 28th, Dan Edward Malone sold 2,206 shares of Alamo Group stock. The shares were sold at an average price of $100.70, for a total transaction of $222,144.20.

Shares of ALG traded up $3.87 during trading hours on Friday, reaching $110.97. 92,400 shares of the stock traded hands, compared to its average volume of 72,053. The company has a current ratio of 4.58, a quick ratio of 2.82 and a debt-to-equity ratio of 0.31. The stock has a fifty day simple moving average of $100.91 and a 200 day simple moving average of $98.24. Alamo Group, Inc. has a 52 week low of $72.50 and a 52 week high of $111.30. The company has a market cap of $1.31 billion, a price-to-earnings ratio of 17.42 and a beta of 0.85.

The company also recently declared a quarterly dividend, which was paid on Monday, July 29th. Investors of record on Tuesday, July 16th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.43%. The ex-dividend date of this dividend was Monday, July 15th.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. First Interstate Bank lifted its position in shares of Alamo Group by 11.3% during the first quarter. First Interstate Bank now owns 1,581 shares of the industrial products company’s stock valued at $158,000 after purchasing an additional 161 shares in the last quarter. IndexIQ Advisors LLC bought a new position in shares of Alamo Group during the first quarter valued at about $1,595,000. North Star Investment Management Corp. lifted its position in shares of Alamo Group by 5.6% during the second quarter. North Star Investment Management Corp. now owns 28,144 shares of the industrial products company’s stock valued at $2,812,000 after purchasing an additional 1,501 shares in the last quarter. Huntington National Bank lifted its position in shares of Alamo Group by 101.5% during the second quarter. Huntington National Bank now owns 522 shares of the industrial products company’s stock valued at $52,000 after purchasing an additional 263 shares in the last quarter. Finally, Walthausen & Co. LLC lifted its position in shares of Alamo Group by 127.0% during the first quarter. Walthausen & Co. LLC now owns 87,065 shares of the industrial products company’s stock valued at $8,701,000 after purchasing an additional 48,715 shares in the last quarter. 97.04% of the stock is currently owned by institutional investors.

Separately, Sidoti raised their price target on shares of Alamo Group from $118.00 to $123.00 and gave the company a “buy” rating in a research report on Thursday, August 1st.

Alamo Group Company Profile

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, including 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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