A Director at Alamo Group is Exercising Options

By Carrie Williams

Today, a Director at Alamo Group, Gary L. Martin, exercised options of Alamo Group for $47.36K.

Following Gary L. Martin’s last ALG Buy transaction on June 28, 2016, the stock climbed by 54.7%. This recent transaction increases Gary L. Martin’s holding in the company by 62.67% to a total of $1.22 million.

Based on Alamo Group’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $240 million and quarterly net profit of $16.59 million. In comparison, last year the company earned revenue of $217 million and had a net profit of $13.24 million. The company has a one-year high of $119.58 and a one-year low of $70.53. ALG’s market cap is $1.31B and the company has a P/E ratio of 27.27.

Starting in July 2016, ALG received 17 Buy ratings in a row. Five different firms, including Merrill Lynch and Feltl, currently also have a Buy rating on the stock.

In the last 30 days, insiders have sold $223.1K worth of ALG shares and purchased $112.9K worth of ALG shares. The insider sentiment on Alamo Group has been neutral according to 45 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.

Gary L. Martin’s trades have generated a 12.7% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

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Alamo Group, Inc. designs and manufactures agricultural equipment and infrastructure maintenance equipment for governmental and industrial use. Its 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 parts and services. The company operates through the following business segments: North American Agricultural, North American Industrial and European. The North American Agricultural segment offers a line of tractor-powered equipment, including rotary cutters, finishing mowers, flail mowers, disc mowers, ZTR ride-on mowers, front-end loaders, backhoes, rotary tillers, posthole diggers, scraper blades and replacement parts. The North American Industrial segment provides tractor- and truck-mounted mowers, as well as trimmers, shredders, sweepers, excavators, vacuum trucks, snow removal equipment and other products designed for excavation, grading, shaping and land clearing, road building or maintenance. The European segment provides hydraulic, boom-mounted hedge and grass cutters, hydraulic backhoes, cultivators, subsoilers, buckets and other digger implements and related replacement parts. Alamo Group was founded in 1969 by Donald J. Douglass and is headquartered in Seguin, TX.