By Stephen Nakrosis
Alamo Group said its board approved a new share repurchase program for up to $50 million of the company's outstanding common stock.
The company's shares ended Thursday's regular session at $169.54, down 2%. Year to date, shares are down about 19%.
The maker of agricultural and infrastructure maintenance equipment has a market cap of $2.09 billion, 12.06 million shares outstanding and a public float of 11.53 million shares.
Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
October 31, 2024 16:44 ET (20:44 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.
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