The VP, Managing Dir Europe of Alamo Group is Exercising Options

By Carrie Williams

Today, the VP, Managing Dir Europe of Alamo Group, Geoff Davies, exercised options of Alamo Group for $32.11K.

Following this transaction Geoff Davies’ holding in the company was increased by 11.11% to a total of $571.7K. In addition to Geoff Davies, 4 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 $238 million and quarterly net profit of $14.58 million. In comparison, last year the company earned revenue of $215 million and had a net profit of $12.17 million. ALG’s market cap is $1.1B and the company has a P/E ratio of 23.87. Currently, Alamo Group has an average volume of 12.54K.

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 $519.4K worth of ALG shares and purchased $843.6K 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.

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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, zero turn radius mowers, agricultural implements and related aftermarket parts and services. The company operates through the following business segments: Agricultural, Industrial and European. The 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 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.