Alamo Group Inc (ALG): Richard J Wehrle , VP & Corporate Controller of Alamo Group Inc sold 2,100 shares on May 25, 2016. The Insider selling transaction was reported by the company on May 27, 2016 to the Securities and Exchange Commission. The shares were sold at $60.41 per share for a total value of $126,861.00 , 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, Richard J Wehrle (VP & Corporate Controller) sold 2,100 shares at $60.41 per share price.On May 25, 2016, Robert H George (VP, Secretary & Treasurer) sold 3,000 shares at $60.40 per share price.Also, On Aug 12, 2015, Eric Etchart (director) purchased 1,000 shares at $51.93 per share price.On May 14, 2015, Roderick R Baty (director) purchased 2,000 shares at $52.84 per share price.
Alamo Group: On Wednesday, May 25, 2016 heightened volatility was witnessed in Alamo Group which led to swings in the share price. The shares opened for trading at $60.91 and hit $61.63 on the upside , eventually ending the session at $60.83, with a gain of 0.66% or 0.4 points. The heightened volatility saw the trading volume jump to 85,243 shares. The 52-week high of the share price is $61.82 and the company has a market cap of $696 M . The 52-week low of the share price is at $43.98.
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.