Alamo Group, Inc. (NYSE:ALG) EVP Jeffery Allen Leonard sold 1,000 shares of Alamo Group stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $106.18, for a total transaction of $106,180.00. Following the sale, the executive vice president now directly owns 14,900 shares in the company, valued at approximately $1,582,082. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.
Alamo Group stock opened at $110.97 on Friday. Alamo Group, Inc. has a 12-month low of $72.50 and a 12-month high of $111.30. The company has a market capitalization of $1.27 billion, a price-to-earnings ratio of 17.61 and a beta of 0.85. The company has a debt-to-equity ratio of 0.31, a current ratio of 4.58 and a quick ratio of 2.82. The firm’s fifty day moving average price is $100.91 and its 200 day moving average price is $98.24.
The company also recently declared a quarterly dividend, which was paid on Monday, July 29th. Investors of record on Tuesday, July 16th were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.43%. The ex-dividend date of this dividend was Monday, July 15th.Separately, Sidoti lifted their price target on shares of Alamo Group from $118.00 to $123.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st.
Institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. grew its holdings in Alamo Group by 0.7% during the 2nd quarter. BlackRock Inc. now owns 1,524,592 shares of the industrial products company’s stock worth $152,353,000 after acquiring an additional 10,371 shares in the last quarter. Vanguard Group Inc. grew its holdings in Alamo Group by 1.7% during the 2nd quarter. Vanguard Group Inc. now owns 604,400 shares of the industrial products company’s stock worth $60,398,000 after acquiring an additional 10,021 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in Alamo Group by 3.8% during the 1st quarter. PNC Financial Services Group Inc. now owns 327,330 shares of the industrial products company’s stock worth $32,714,000 after acquiring an additional 11,967 shares in the last quarter. Mawer Investment Management Ltd. acquired a new position in Alamo Group during the 2nd quarter worth $27,441,000. Finally, Northern Trust Corp grew its holdings in Alamo Group by 8.8% during the 2nd quarter. Northern Trust Corp now owns 231,000 shares of the industrial products company’s stock worth $23,084,000 after acquiring an additional 18,747 shares in the last quarter. 97.04% of the stock is currently owned by hedge funds and other institutional investors.
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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