Alamo Group, Inc. (NYSE:ALG) insider Weiss Gary sold 25,205,509 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $1.18, for a total value of $29,742,500.62.
Shares of Alamo Group stock opened at $114.80 on Monday. Alamo Group, Inc. has a one year low of $72.50 and a one year high of $129.93. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.65 and a current ratio of 4.36. The stock has a market cap of $1.36 billion, a P/E ratio of 19.23, a P/E/G ratio of 1.84 and a beta of 0.71. The stock’s fifty day moving average is $115.71 and its 200 day moving average is $107.75.
Alamo Group (NYSE:ALG) last issued its quarterly earnings results on Wednesday, October 30th. The industrial products company reported $1.54 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.88 by ($0.34). Alamo Group had a return on equity of 13.07% and a net margin of 6.50%. The business had revenue of $271.83 million during the quarter. Analysts predict that Alamo Group, Inc. will post 6.24 EPS for the current year.
ALG has been the topic of several analyst reports. Sidoti upped their price objective on Alamo Group from $123.00 to $128.00 and gave the company a “buy” rating in a research report on Friday, September 6th. Dougherty & Co cut Alamo Group from a “buy” rating to a “neutral” rating in a report on Sunday, November 3rd. Finally, Zacks Investment Research cut Alamo Group from a “hold” rating to a “sell” rating in a report on Tuesday, November 5th.
A number of hedge funds have recently modified their holdings of ALG. Morgan Stanley grew its position in shares of Alamo Group by 1,724.0% during the second quarter. Morgan Stanley now owns 41,860 shares of the industrial products company’s stock valued at $4,183,000 after purchasing an additional 39,565 shares in the last quarter. State of Alaska Department of Revenue grew its position in Alamo Group by 126.8% in the third quarter. State of Alaska Department of Revenue now owns 7,439 shares of the industrial products company’s stock worth $875,000 after acquiring an additional 4,159 shares in the last quarter. Huntington National Bank grew its position in Alamo Group by 101.5% in the second quarter. Huntington National Bank now owns 522 shares of the industrial products company’s stock worth $52,000 after acquiring an additional 263 shares in the last quarter. Tygh Capital Management Inc. grew its position in Alamo Group by 7.3% in the third quarter. Tygh Capital Management Inc. now owns 92,068 shares of the industrial products company’s stock worth $10,838,000 after acquiring an additional 6,241 shares in the last quarter. Finally, California Public Employees Retirement System grew its position in Alamo Group by 27.4% in the third quarter. California Public Employees Retirement System now owns 22,503 shares of the industrial products company’s stock worth $2,649,000 after acquiring an additional 4,834 shares in the last quarter. Institutional investors and hedge funds own 94.43% of the company’s stock.
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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