The VP, Managing Dir Europe of Alamo Group (NYSE: ALG) is Selling Shares

By George MacDonald

Today, the VP, Managing Dir Europe of Alamo Group (NYSE: ALG), Geoff Davies, sold shares of ALG for $189.2k.

Following Geoff Davies’ last ALG Sell transaction on May 11, 2016, the stock climbed by 10.6%. In addition to Geoff Davies, 8 other ALG executives reported Sell trades in the last month.

The company has a one year high of $66.01 and a one year low of $43.83. ALG’s market cap is $723.7M and the company has a P/E ratio of 17.09%. Currently, Alamo Group has an average volume of 219.2k.

Looking at blogger coverage of ALG, there is a 100% Bullish tendency on the stock, in relation to a 66% average bullish tendency within the Conglomerates sector.

In the last 30 days, insiders have sold $566.2k worth of ALG shares and purchased $432.3k worth of ALG shares. Over the last 3 months, the insider sentiment on Alamo Group has been neutral based on 35 corporate insider transactions. This sentiment is slightly lower than the average sector sentiment of insiders.

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 three 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.