The EVP Industrial Division of Alamo Group is Exercising Options

By Carrie Williams

Today it was reported that the EVP Industrial Division of Alamo Group (ALGResearch Report), Jeffery Allen Leonard, exercised options to buy 1,000 ALG shares at $53.51 a share, for a total transaction value of $53.51K.

Following this transaction Jeffery Allen Leonard’s holding in the company was increased by 6.26% to a total of $1.66 million. In addition to Jeffery Allen Leonard, 3 other ALG executives reported Buy trades in the last month.

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Based on Alamo Group’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $314 million and quarterly net profit of $15.53 million. In comparison, last year the company earned revenue of $262 million and had a net profit of $15.25 million. The company has a one-year high of $132.96 and a one-year low of $70.99. Currently, Alamo Group has an average volume of 86.71K.

Starting in August 2019, ALG received 6 Buy ratings in a row.

In the last 30 days, insiders have sold $187.6K worth of ALG shares and purchased $53.51K worth of ALG shares. The insider sentiment on Alamo Group has been negative according to 34 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.