The VP & GC of Alamo Group (NYSE: ALG) is Selling Shares

By Carrie Williams

Today, the VP & GC of Alamo Group (ALGResearch Report), Edward Rizzuti, sold shares of ALG for $23.74K.

In addition to Edward Rizzuti, 2 other ALG executives reported Sell 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 $262 million and quarterly net profit of $15.25 million. In comparison, last year the company earned revenue of $238 million and had a net profit of $14.58 million. ALG’s market cap is $1.12B and the company has a P/E ratio of 15.30. Currently, Alamo Group has an average volume of 84.97K.

In the last 30 days, insiders have sold $23.74K worth of ALG shares and purchased $99.91K worth of ALG shares. The insider sentiment on Alamo Group has been positive according to 43 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.

Edward Rizzuti’s trades have generated a -0.9% 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. 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.