Alamo Group Inc (ALG) Files Form 4 Insider Selling : David W Grzelak Sells 4,102 Shares

Alamo Group Inc (ALG): David W Grzelak , director of Alamo Group Inc sold 4,102 shares on Jun 14, 2016. The Insider selling transaction was reported by the company on Jun 22, 2016 to the Securities and Exchange Commission. The shares were sold at $62.78 per share for a total value of $256,019.92 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 1, 2016, Jeffery Allen Leonard (VP & Gen Mgr Industrial Div) sold 500 shares at $61.06 per share price.On May 27, 2016, Ronald A Robinson (President & CEO) sold 4,000 shares at $60.29 per share price.Also, 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.

Alamo Group: On Monday, Jun 20, 2016 heightened volatility was witnessed in Alamo Group which led to swings in the share price. The shares opened for trading at $65.24 and hit $65.31 on the upside , eventually ending the session at $64.88, with a gain of 0.60% or 0.39 points. The heightened volatility saw the trading volume jump to 73,376 shares. The 52-week high of the share price is $65.31 and the company has a market cap of $742 M . The 52-week low of the share price is at $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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