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Edward Rizzuti, Executive Vice President of Corporate Development, Investor Relations, and Secretary at Alamo Group Inc . (NYSE:ALG), recently sold 750 shares of the company’s common stock. The shares were sold at a price of $183.37 each, totaling approximately $137,527. Following this transaction, Rizzuti retains ownership of 10,662 shares in the company.The transaction occurs as Alamo Group, with a market capitalization of $2.24 billion, maintains strong financial health. According to InvestingPro data, the company operates with moderate debt levels and impressive liquidity, with current assets more than four times its short-term obligations. The company has maintained dividend payments for 33 consecutive years, demonstrating consistent shareholder returns. Trading near its Fair Value, ALG generally exhibits low price volatility, making it an interesting watch for stability-focused investors.Want deeper insights? InvestingPro offers 8 additional key tips about Alamo Group, plus comprehensive financial analysis in its exclusive Pro Research Report, available along with 1,400+ other detailed company analyses.
In other recent news, Douglas Dynamics Inc (NYSE:PLOW)., also known as PLOW, received a favorable outlook from DA Davidson due to a significant increase in snowfall in the Northeast US, a key market for its Attachments business. Analyst Michael Shlisky maintained a ’buy’ rating on PLOW, emphasizing the positive impact of recent snowfall trends on the company. Meanwhile, Alamo Group Inc. reported mixed financial results for the fourth quarter of 2024, with earnings per share (EPS) of $2.39 surpassing forecasts, but revenue falling short at $385.3 million against a projected $402.08 million. Despite the revenue miss, DA Davidson reaffirmed a ’buy’ rating on Alamo Group, although the price target was slightly adjusted from $219 to $217.
The Industrial segment of Alamo Group showed resilience, with an 11% growth in the fourth quarter, while the Vegetation Management division faced challenges, declining by 25.5%. However, analysts noted potential improvements in the Vegetation segment by the end of 2025. Alamo Group’s strong financial position, marked by a significant reduction in net debt, supports its active pursuit of mergers and acquisitions. The company’s management expressed optimism about future acquisitions, with CEO Jeff Leonard highlighting an active acquisition target pipeline for 2025. These developments indicate a strategic focus on expansion and operational efficiency for both Douglas Dynamics and Alamo Group.
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