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Dan Malone, Executive Vice President and Chief Strategy Officer of Alamo Group Inc . (NYSE:ALG), a company with a market capitalization of $2.24 billion and strong financial health according to InvestingPro analysis, recently sold 1,771 shares of the company’s stock. The shares were sold at an average price of $183.067, resulting in a total transaction value of approximately $324,211. Following this sale, Malone retains ownership of 4,290 shares in the company. The shares were sold in multiple transactions at prices ranging from $182.51 to $183.50. The company maintains healthy financials with a current ratio of 4.51 and operates with moderate debt levels. Notable for investors, Alamo Group has maintained dividend payments for 33 consecutive years and typically trades with low price volatility.Want deeper insights into insider trading patterns and 12+ additional InvestingPro Tips for ALG? Access the comprehensive Pro Research Report, available exclusively to subscribers.
In other recent news, Alamo Group Inc. reported its fourth-quarter financial results for 2024, showing a mixed performance. The company’s earnings per share (EPS) came in at $2.39, slightly surpassing the forecast of $2.35. However, revenue fell short of expectations, reaching $385.3 million compared to a projected $402.08 million. Despite this, Alamo Group’s Industrial Equipment division grew by 11% in the fourth quarter, though its Vegetation Management division declined by 25.5%. Analyst firm DA Davidson maintained its Buy rating on Alamo Group, although it adjusted the price target slightly downward to $217 from $219. The firm noted the company’s strong financial position and lack of net debt, which supports its ongoing mergers and acquisitions strategy. Meanwhile, DA Davidson also upheld a ’buy’ rating for Douglas Dynamics Inc (NYSE:PLOW)., highlighting favorable winter trends that benefit the company’s snowplow business. Recent snowfall in the Northeast region aligns with historical averages, suggesting a positive outlook for Douglas Dynamics.
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