Procore signs multi-year strategic collaboration agreement with AWS
Richard Hodges Raborn, Executive Vice President of Vegetation Management at Alamo Group Inc . (NYSE:ALG), recently sold a portion of his holdings in the company. According to a filing with the Securities and Exchange Commission, Raborn sold 1,480 shares of common stock on June 6, 2025. The transaction comes as Alamo Group, currently valued at $2.54 billion, trades near its 52-week high with a "GREAT" financial health rating according to InvestingPro. The shares were sold at a weighted average price of $206.873, generating a total of $306,172.
Following this transaction, Raborn retains ownership of 11,468 shares in Alamo Group. The shares were sold in multiple transactions, with prices ranging from $206.59 to $207.07 per share.
In other recent news, Alamo Group reported its first-quarter 2025 earnings, exceeding expectations with earnings per share (EPS) of $2.65, surpassing the forecasted $2.29. However, the company’s revenue slightly missed projections, recording $391 million against the anticipated $392.2 million. Despite the revenue shortfall, the strong performance in the Industrial Equipment Division supported overall results. Alamo Group’s financial health is underscored by its nearly-zero net debt position and a robust Franchise Free Cash Flow exceeding $100 million. Analyst Michael Shilsky from DA Davidson raised the company’s stock price target from $195 to $225, maintaining a Buy rating, highlighting the company’s strong cash generation and potential for mergers and acquisitions. The company’s inclusion on the DA Davidson STAMPEDE List for Excess Cash reflects its solid financial standing and prospects for future growth. Alamo Group is optimistic about the latter half of 2025, particularly in the Vegetation Management Division, and is actively pursuing mergers and acquisitions to enhance growth. The strategic direction and financial performance have bolstered investor confidence, as reflected in the company’s recent developments.
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