Alamo Group Inc (ALG) Files Form 4 Insider Selling : Jeffery Allen Leonard Sells 500 Shares

Alamo Group Inc (ALG): Jeffery Allen Leonard , VP & Gen Mgr Industrial Div of Alamo Group Inc sold 500 shares on Jun 1, 2016. The Insider selling transaction was reported by the company on Jun 1, 2016 to the Securities and Exchange Commission. The shares were sold at $61.06 per share for a total value of $30,521.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 27, 2016, Ronald A Robinson (President & CEO) sold 4,000 shares at $60.29 per share price.On May 27, 2016, Richard J Wehrle (VP & Corporate Controller) sold 2,100 shares at $60.41 per share price.Also, On May 25, 2016, Robert H George (VP, Secretary & Treasurer) sold 3,000 shares at $60.40 per share price.On Aug 12, 2015, Eric Etchart (director) purchased 1,000 shares at $51.93 per share price.

Shares of Alamo Group (ALG) ended Wednesday, Jun 1, 2016 session in red amid volatile trading. The shares closed down -0.15 points or -0.24% at $61.49 with 1,00,146 shares getting traded. Post opening the session at $61.23, the shares hit an intraday low of $60.14 and an intraday high of $61.7299 and the price vacillated in this range throughout the day. The company has a market cap of $703 M and the number of outstanding shares has been calculated to be 1,14,39,177 shares. The 52-week high of Alamo Group is $61.82 and the 52-week low is $43.98.

Alamo Group Money Flow Index Chart

Company has been under the radar of several Street Analysts.Alamo Group is Reiterated by Piper Jaffray to Overweight while Lowering the Price Target of the company shares to $ 68 from a previous price target of $69 . The Rating was issued on Mar 28, 2016.

Alamo Group Inc. is engaged in the design and manufacture of high quality agricultural equipment and infrastructure maintenance equipment for Governmental and industrial use. The Company’s products include tractor-mounted mowing and other vegetation maintenance equipment street sweepers excavators vacuum trucks snow removal equipment pothole patchers zero turn radius mowers (ZTR’s) agricultural implements and related aftermarket parts and services The Company sells its products through a network of independent dealers and distributors to Governmental end-users related independent contractors as well as to the agricultural and commercial turf markets. The Company operates in the United States England France Canada and Australia. The Company operates in the United States the United Kingdom France Canada and Australia.

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