Today, a Director at Alamo Group (ALG), Roderick Baty, bought shares of ALG for $152.6K.
Following Roderick Baty’s last ALG Buy transaction on May 14, 2015, the stock climbed by 25.1%. This recent transaction increases Roderick Baty’s holding in the company by 12.42% to a total of $1.4 million.
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Based on Alamo Group’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $258 million and quarterly net profit of $23.54 million. In comparison, last year the company earned revenue of $240 million and had a net profit of $16.59 million. ALG’s market cap is $900.3M and the company has a P/E ratio of 15.15. Currently, Alamo Group has an average volume of 76.48K.
The insider sentiment on Alamo Group has been positive according to 38 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.
Roderick Baty’s trades have generated a 24.4% 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. 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.
