The EVP & CFO of Alamo Group (NYSE: ALG) is Selling Shares

By Carrie Williams

Today, the EVP & CFO of Alamo Group (NYSE: ALG), Dan Edward Malone, sold shares of ALG for $73.81K.

In addition to Dan Edward Malone, 20 other ALG executives reported Sell trades in the last month. Following Dan Edward Malone’s last ALG Sell transaction on May 11, 2017, the stock climbed by 0.9%.

Based on Alamo Group’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $215 million and quarterly net profit of $12.17 million. In comparison, last year the company earned revenue of $211 million and had a net profit of $8.66 million. The company has a one year high of $87.73 and a one year low of $52.82. ALG’s market cap is $942.1M and the company has a P/E ratio of 22.45.

In the last 30 days, insiders have sold $3.17M worth of ALG shares and purchased $962.7K worth of ALG shares. The insider sentiment on Alamo Group has been neutral according to 50 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.

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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.