Headlines about Alamo Group (NYSE:ALG) have been trending somewhat positive recently, according to Accern Sentiment Analysis. Accern identifies positive and negative news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of public 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 assigned news coverage about the industrial products company an impact score of 45.5603116655361 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Alamo Group (NYSE:ALG) traded up $2.26 during mid-day trading on Friday, hitting $120.13. The company had a trading volume of 80,421 shares, compared to its average volume of 54,309. The company has a debt-to-equity ratio of 0.28, a current ratio of 4.48 and a quick ratio of 2.85. The stock has a market cap of $1,400.00, a P/E ratio of 28.81 and a beta of 0.96. Alamo Group has a 52-week low of $70.53 and a 52-week high of $120.58.
Alamo Group (NYSE:ALG) last posted its quarterly earnings data on Tuesday, October 31st. The industrial products company reported $1.40 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.24 by $0.16. The firm had revenue of $240.46 million for 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%. sell-side analysts expect that Alamo Group will post 4.49 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 29th. Investors of record on Tuesday, January 16th will be issued a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 0.37%. The ex-dividend date of this dividend is Friday, January 12th. This is an increase from Alamo Group’s previous quarterly dividend of $0.10. Alamo Group’s payout ratio is currently 10.55%.
A number of equities research analysts have commented on ALG shares. ValuEngine upgraded Alamo Group from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Zacks Investment Research upgraded Alamo Group from a “sell” rating to a “strong-buy” rating and set a $131.00 target price on the stock in a research report on Tuesday, November 7th. Finally, Piper Jaffray Companies set a $104.00 target price on Alamo Group and gave the company a “buy” rating in a research report on Sunday, October 1st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. Alamo Group currently has an average rating of “Hold” and an average target price of $105.00.
In related news, EVP Richard Hodges Raborn sold 2,000 shares of the business’s stock in a transaction 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 sale, the executive vice president now owns 4,500 shares in the company, valued at approximately $501,885. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 3.99% of the stock is currently owned by insiders.
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Alamo Group Company Profile
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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