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

By Carrie Williams

Yesterday, the EVP & CFO of Alamo Group Inc (ALGResearch Report), Dan Edward Malone, sold shares of ALG for $130.5K.

In addition to Dan Edward Malone, 2 other ALG executives reported Sell trades in the last month.

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Based on Alamo Group Inc’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $285 million and quarterly net profit of $20.67 million. In comparison, last year the company earned revenue of $257 million and had a net profit of $18.77 million. The company has a one-year high of $111.30 and a one-year low of $72.50. Currently, Alamo Group Inc has an average volume of 70.18K.

The insider sentiment on Alamo Group Inc has been negative according to 48 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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Alamo Group, Inc. engages in the design and manufacture of 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, zero turn radius mowers, agricultural implements, and related aftermarket parts. It operates through the following business segments: Agricultural, Industrial, and European. The Industrial segment provides 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 company was founded by Donald J. Douglass in 1969 and is headquartered in Seguin, TX.