Janet S. Pollock Sells 289 Shares of Alamo Group Inc. (NYSE:ALG) Stock

Alamo Group Inc. (NYSE:ALG) VP Janet S. Pollock sold 289 shares of the firm’s stock in a transaction that occurred on Monday, December 28th. The shares were sold at an average price of $140.36, for a total value of $40,564.04. Following the completion of the sale, the vice president now directly owns 1,473 shares of the company’s stock, valued at $206,750.28. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Shares of ALG stock opened at $137.95 on Friday. Alamo Group Inc. has a 52-week low of $70.99 and a 52-week high of $145.35. The company has a debt-to-equity ratio of 0.59, a quick ratio of 2.05 and a current ratio of 3.60. The firm has a market capitalization of $1.64 billion, a P/E ratio of 28.10, a P/E/G ratio of 2.49 and a beta of 0.98. The stock has a 50 day moving average price of $136.74 and a 200 day moving average price of $116.22.

Alamo Group (NYSE:ALG) last issued its quarterly earnings results on Monday, November 2nd. The industrial products company reported $1.74 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.31 by $0.43. Alamo Group had a return on equity of 10.91% and a net margin of 4.95%. The firm had revenue of $291.76 million during the quarter. As a group, sell-side analysts forecast that Alamo Group Inc. will post 5.54 EPS for the current year.

ALG has been the subject of several analyst reports. Sidoti raised their price objective on Alamo Group from $136.00 to $145.00 and gave the company a “buy” rating in a research note on Friday, October 9th. Zacks Investment Research raised Alamo Group from a “hold” rating to a “buy” rating and set a $137.00 price target for the company in a research note on Tuesday, October 27th. One investment analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $131.67.

A number of hedge funds and other institutional investors have recently modified their holdings of ALG. Swiss National Bank raised its position in Alamo Group by 15.4% during the 2nd quarter. Swiss National Bank now owns 22,500 shares of the industrial products company’s stock valued at $2,309,000 after purchasing an additional 3,000 shares in the last quarter. Russell Investments Group Ltd. raised its position in Alamo Group by 45.5% during the 2nd quarter. Russell Investments Group Ltd. now owns 13,298 shares of the industrial products company’s stock valued at $1,363,000 after purchasing an additional 4,161 shares in the last quarter. New York State Common Retirement Fund raised its position in Alamo Group by 2.3% during the 2nd quarter. New York State Common Retirement Fund now owns 48,444 shares of the industrial products company’s stock valued at $4,972,000 after purchasing an additional 1,100 shares in the last quarter. Commonwealth Equity Services LLC raised its position in Alamo Group by 4.0% during the 2nd quarter. Commonwealth Equity Services LLC now owns 14,089 shares of the industrial products company’s stock valued at $1,446,000 after purchasing an additional 538 shares in the last quarter. Finally, Advisors Asset Management Inc. raised its position in Alamo Group by 6.0% during the 2nd quarter. Advisors Asset Management Inc. now owns 6,095 shares of the industrial products company’s stock valued at $626,000 after purchasing an additional 347 shares in the last quarter. 83.81% of the stock is owned by institutional investors and hedge funds.

About Alamo Group

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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