Alamo Group (ALG) Getting Somewhat Favorable News Coverage, Study Shows
News articles about Alamo Group (NYSE:ALG) have trended somewhat positive this week, according to Accern Sentiment. Accern identifies positive and negative press coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Alamo Group earned a media sentiment score of 0.09 on Accern’s scale. Accern also gave media stories about the industrial products company an impact score of 45.4941443253595 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Shares of Alamo Group (NYSE ALG) opened at $114.98 on Tuesday. The firm has a market capitalization of $1,337.49, a P/E ratio of 27.57 and a beta of 0.96. Alamo Group has a 12-month low of $70.53 and a 12-month high of $119.58. The company has a debt-to-equity ratio of 0.28, a current ratio of 4.48 and a quick ratio of 2.85.
Alamo Group (NYSE:ALG) last released its earnings results on Tuesday, October 31st. The industrial products company reported $1.40 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.24 by $0.16. The company had revenue of $240.46 million during the quarter, compared to the consensus estimate of $223.40 million. Alamo Group had a return on equity of 12.11% and a net margin of 5.56%. analysts expect that Alamo Group will post 4.49 earnings per share for the current fiscal year.
ALG has been the subject of a number of research analyst reports. Zacks Investment Research downgraded Alamo Group from a “buy” rating to a “hold” rating in a research report on Monday, October 9th. ValuEngine upgraded Alamo Group from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Finally, Piper Jaffray Companies set a $104.00 target price on Alamo Group and gave the stock a “buy” rating in a research report on Sunday, October 1st. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $105.00.
In related news, EVP Richard Hodges Raborn sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $111.53, for a total value of $223,060.00. Following the completion of the sale, the executive vice president now owns 4,500 shares in the company, valued at approximately $501,885. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 3.99% of the company’s stock.
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About Alamo Group
Alamo Group Inc is engaged in the design and manufacture of agricultural equipment and infrastructure maintenance equipment for governmental and industrial use. The Company operates in Industrial, Agricultural and European segments. The Company’s products include tractor-mounted mowing and other vegetation maintenance equipment, street sweepers, excavators, vacuum trucks, snow removal equipment, pothole patchers, zero turn radius mowers, agricultural implements and related aftermarket.
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