Alamo Group, Inc. (NYSE:ALG) VP Dan Edward Malone sold 900 shares of the firm’s stock in a transaction dated Friday, May 12th. The shares were sold at an average price of $82.02, for a total value of $73,818.00. Following the completion of the transaction, the vice president now owns 10,750 shares of the company’s stock, valued at approximately $881,715. The sale was disclosed in a document filed with the SEC, which is available through this link.
Dan Edward Malone also recently made the following trade(s):
- On Monday, June 12th, Dan Edward Malone sold 950 shares of Alamo Group stock. The shares were sold at an average price of $90.75, for a total value of $86,212.50.
- On Thursday, March 30th, Dan Edward Malone sold 982 shares of Alamo Group stock. The shares were sold at an average price of $77.03, for a total value of $75,643.46.
Shares of Alamo Group, Inc. (ALG) traded down 0.45% during midday trading on Friday, hitting $92.00. The stock had a trading volume of 87,909 shares. The stock’s 50-day moving average price is $85.33 and its 200 day moving average price is $78.18. Alamo Group, Inc. has a 52 week low of $58.22 and a 52 week high of $93.38. The company has a market cap of $1.06 billion, a price-to-earnings ratio of 24.47 and a beta of 0.93.
ALG has been the subject of a number of research analyst reports. Zacks Investment Research cut Alamo Group from a “hold” rating to a “sell” rating in a report on Tuesday, March 28th. BidaskClub upgraded Alamo Group from a “hold” rating to a “buy” rating in a report on Tuesday. Finally, Seaport Global Securities lifted their price target on Alamo Group from $71.00 to $80.00 and gave the stock a “neutral” rating in a report on Monday, May 8th.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. State Street Corp boosted its position in Alamo Group by 9.4% in the fourth quarter. State Street Corp now owns 200,130 shares of the industrial products company’s stock valued at $15,230,000 after buying an additional 17,223 shares during the last quarter. Investment Partners Ltd. OH ADV acquired a new stake in shares of Alamo Group during the third quarter valued at about $344,000. Renaissance Technologies LLC acquired a new stake in shares of Alamo Group during the fourth quarter valued at about $2,899,000. BlackRock Fund Advisors raised its stake in shares of Alamo Group by 8.3% in the third quarter. BlackRock Fund Advisors now owns 675,633 shares of the industrial products company’s stock valued at $44,517,000 after buying an additional 51,789 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in shares of Alamo Group by 3.9% in the third quarter. Bank of New York Mellon Corp now owns 117,286 shares of the industrial products company’s stock valued at $7,729,000 after buying an additional 4,420 shares during the period. 90.54% of the stock is owned by hedge funds and other institutional investors.
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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