Dan Edward Malone Sells 900 Shares of Alamo Group, Inc. (ALG) Stock
Alamo Group, Inc. (NYSE:ALG) VP Dan Edward Malone sold 900 shares of the business’s stock in a transaction that occurred on Friday, May 12th. The stock was sold at an average price of $82.02, for a total transaction of $73,818.00. Following the completion of the sale, the vice president now owns 10,750 shares of the company’s stock, valued at $881,715. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Dan Edward Malone also recently made the following trade(s):
- On Thursday, March 30th, Dan Edward Malone sold 982 shares of Alamo Group stock. The stock was sold at an average price of $77.03, for a total transaction of $75,643.46.
Shares of Alamo Group, Inc. (NYSE:ALG) traded up 2.49% on Monday, hitting $84.29. 68,664 shares of the company traded hands. The firm’s 50 day moving average price is $77.42 and its 200-day moving average price is $75.11. The stock has a market capitalization of $973.55 million, a price-to-earnings ratio of 22.42 and a beta of 0.92. Alamo Group, Inc. has a 1-year low of $52.82 and a 1-year high of $87.73.
Alamo Group (NYSE:ALG) last issued its quarterly earnings results on Tuesday, March 7th. The industrial products company reported $0.81 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.89 by $0.08. The company had revenue of $205.52 million during the quarter, compared to the consensus estimate of $217 million. Alamo Group had a return on equity of 11.57% and a net margin of 5.08%. On average, equities research analysts expect that Alamo Group, Inc. will post $4.13 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, April 28th. Investors of record on Monday, April 17th were given a $0.10 dividend. The ex-dividend date of this dividend was Wednesday, April 12th. This represents a $0.40 dividend on an annualized basis and a yield of 0.47%. Alamo Group’s dividend payout ratio is presently 10.53%.
Hedge funds have recently modified their holdings of the company. Municipal Employees Retirement System of Michigan increased its stake in shares of Alamo Group by 7.2% in the third quarter. Municipal Employees Retirement System of Michigan now owns 2,080 shares of the industrial products company’s stock worth $137,000 after buying an additional 140 shares in the last quarter. Mason Street Advisors LLC increased 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 valued at $168,000 after buying an additional 144 shares during the period. BNP Paribas Arbitrage SA increased 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 valued at $130,000 after buying an additional 156 shares during the period. 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 buying an additional 184 shares during the period. Finally, Thrivent Financial for Lutherans increased its stake in Alamo Group by 5.2% in the fourth quarter. Thrivent Financial for Lutherans now owns 5,090 shares of the industrial products company’s stock valued at $387,000 after buying an additional 250 shares during the period. Institutional investors own 91.70% of the company’s stock.
ALG has been the topic of several analyst reports. Zacks Investment Research downgraded shares of Alamo Group from a “hold” rating to a “sell” rating in a research note on Tuesday, March 21st. Seaport Global Securities lifted their target price on shares of Alamo Group from $71.00 to $80.00 and gave the stock a “neutral” rating in a research note on Monday, May 8th.
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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