Michael Haberman, Executive Vice President of Industrial Equipment, has sold 3,468 shares of Alamo Group Inc (ALG, Financial) on March 28, 2024, according to a recent SEC filing.
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.
Over the past year, the insider has sold a total of 3,468 shares of Alamo Group Inc and has not made any purchases of the stock. The recent transaction is part of a trend observed over the last year, where there has been a total of 1 insider buy and 8 insider sells.
On the date of the insider's recent sell, shares of Alamo Group Inc were trading at $224.96, resulting in a market capitalization of $2.75 billion. The company's price-earnings ratio stands at 20.10, which is above the industry median of 14.13 and also higher than the company's historical median price-earnings ratio.
The stock's price-to-GF-Value ratio is 1.14, with a GF Value of $197.14, indicating that Alamo Group Inc is considered modestly overvalued based on its GF Value. The GF Value is a proprietary intrinsic value estimate from GuruFocus, which factors in historical trading multiples, a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates from Morningstar analysts.
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.
