On November 6, 2024, Dan Malone, Executive Vice President and Chief Strategy Officer of Alamo Group Inc (ALG, Financial), sold 1,974 shares of the company. The transaction was filed on the same day with the SEC. Following this sale, the insider now owns 5,484 shares of Alamo Group Inc.
Alamo Group Inc is engaged in the design and manufacture of 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, snow removal equipment, excavators, vacuum trucks, and other industrial equipment.
The shares were sold at a price of $195.78, valuing the transaction at approximately $386,429.72. This sale occurred when the stock has a market cap of approximately $2.36 billion and is trading with a price-earnings ratio of 19.70, which is above the industry median of 13.98.
According to the GF Value, the intrinsic value of Alamo Group Inc's stock is estimated at $177.96, suggesting that the stock is Fairly Valued with a price-to-GF-Value ratio of 1.1.
Over the past year, there have been no insider purchases of Alamo Group Inc shares, but there have been 8 insider sales, indicating a trend of insider selling. The insider transaction history and the current sale by Dan Malone might be of interest to current and potential investors.
This recent insider activity occurs in the context of Alamo Group Inc's stock performance and valuation metrics, such as the price-sales ratio, price-book ratio, and price-to-free cash flow, which are calculated based on historical trading multiples, adjusted for the company's past performance and expected future business outcomes.
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.
