Alamo Group, Inc. (NYSE:ALG) VP Dan Edward Malone sold 900 shares of the firm’s stock in a transaction that occurred on Friday, March 9th. The shares were sold at an average price of $114.39, for a total value of $102,951.00. Following the completion of the transaction, the vice president now owns 11,150 shares in the company, valued at approximately $1,275,448.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Alamo Group, Inc. (NYSE ALG) traded up $0.76 during midday trading on Monday, hitting $116.91. The stock had a trading volume of 52,008 shares, compared to its average volume of 59,196. The stock has a market capitalization of $1,353.02, a P/E ratio of 30.65 and a beta of 0.94. Alamo Group, Inc. has a 1-year low of $71.67 and a 1-year high of $120.58. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.34 and a current ratio of 3.87.
Alamo Group (NYSE:ALG) last released its earnings results on Thursday, March 1st. The industrial products company reported $1.10 earnings per share for the quarter, beating the consensus estimate of $1.04 by $0.06. The business had revenue of $243.26 million for the quarter, compared to the consensus estimate of $229.40 million. Alamo Group had a return on equity of 12.07% and a net margin of 5.54%. research analysts forecast that Alamo Group, Inc. will post 5.37 EPS for the current fiscal year.
Several equities analysts have recently weighed in on the company. ValuEngine upgraded Alamo Group from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Zacks Investment Research downgraded Alamo Group from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $105.00.
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.
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