Press coverage about Alamo Group (NYSE:ALG) has been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group identifies positive and negative news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Alamo Group earned a daily sentiment score of 0.16 on Accern’s scale. Accern also gave press coverage about the industrial products company an impact score of 46.0279288852926 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
A number of equities analysts have commented on the stock. BidaskClub lowered shares of Alamo Group from a “hold” rating to a “sell” rating in a report on Friday, August 18th. Zacks Investment Research upgraded shares of Alamo Group from a “hold” rating to a “buy” rating and set a $106.00 price objective on the stock in a report on Friday, September 15th. Piper Jaffray Companies set a $104.00 price objective on shares of Alamo Group and gave the stock a “buy” rating in a report on Sunday, October 1st. Finally, ValuEngine lowered shares of Alamo Group from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. Alamo Group has a consensus rating of “Hold” and an average target price of $105.00.
Shares of Alamo Group (NYSE:ALG) opened at $115.71 on Monday. The stock has a market cap of $1,345.94, a PE ratio of 26.85 and a beta of 0.94. 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 has a 12 month low of $70.53 and a 12 month high of $117.93.
Alamo Group (NYSE:ALG) last issued its earnings results on Tuesday, October 31st. The industrial products company reported $1.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.24 by $0.16. The business had revenue of $240.46 million for the quarter, compared to analyst estimates of $223.40 million. Alamo Group had a net margin of 5.56% and a return on equity of 12.11%. sell-side analysts forecast that Alamo Group will post 4.34 earnings per share for the current year.
In related news, VP Geoff Davies sold 4,000 shares of the stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $98.16, for a total transaction of $392,640.00. Following the sale, the vice president now owns 3,800 shares in the company, valued at $373,008. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Richard Hodges Raborn sold 2,000 shares of the stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $111.53, for a total transaction of $223,060.00. Following the sale, the executive vice president now owns 4,500 shares in the company, valued at approximately $501,885. The disclosure for this sale can be found here. In the last quarter, insiders have sold 6,364 shares of company stock worth $649,257. 3.99% of the stock is owned by company insiders.
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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