Edward Rizzuti, the Executive Vice President and General Counsel of Alamo Group Inc (ALG, Financial), sold 276 shares of the company on November 7, 2024. The transaction was reported in a recent SEC Filing. Following this sale, the insider now owns 8,439 shares of Alamo Group Inc.
Alamo Group Inc is engaged in the design, manufacture, and sale of equipment for infrastructure maintenance, agriculture, and other applications. The company's products include tractor-mounted mowing and other vegetation maintenance equipment, street sweepers, snow removal equipment, excavators, vacuum trucks, and other industrial equipment.
Over the past year, Edward Rizzuti has sold a total of 598 shares and has not purchased any shares. This recent sale is part of a broader trend within Alamo Group Inc, where there have been 8 insider sells and no insider buys over the past year.
Shares of Alamo Group Inc were trading at $195.88 on the day of the sale. The company has a market cap of approximately $2.36 billion. The price-earnings ratio of the stock is 19.70, which is above both the industry median of 13.98 and the company's historical median.
The GF Value of Alamo Group Inc is $177.96, suggesting that the stock is Fairly Valued with a price-to-GF-Value ratio of 1.1.
This insider sale comes at a time when the stock valuation metrics such as the price-earnings ratio and GF Value indicate a fair valuation relative to historical and industry standards.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
