News stories about Alamo Group (NYSE:ALG) have trended somewhat positive recently, according to Accern Sentiment. The research group identifies positive and negative media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Alamo Group earned a news sentiment score of 0.10 on Accern’s scale. Accern also gave news articles about the industrial products company an impact score of 45.4523080397631 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Shares of Alamo Group stock opened at $114.34 on Thursday. The firm has a market cap of $1,327.05, a PE ratio of 30.17 and a beta of 0.94. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.34 and a current ratio of 3.87. Alamo Group has a 52 week low of $71.67 and a 52 week high of $120.58.
Alamo Group (NYSE:ALG) last announced its earnings results on Thursday, March 1st. The industrial products company reported $1.10 earnings per share for the quarter, beating analysts’ consensus estimates of $1.04 by $0.06. The firm had revenue of $243.26 million for the quarter, compared to analyst estimates of $229.40 million. Alamo Group had a net margin of 4.86% and a return on equity of 12.49%. sell-side analysts forecast that Alamo Group will post 5.75 earnings per share for the current fiscal year.
A number of equities analysts have issued reports on ALG shares. ValuEngine upgraded shares of Alamo Group from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Zacks Investment Research cut shares of Alamo Group from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. Alamo Group presently has a consensus rating of “Hold” and a consensus target price of $105.00.
In other news, VP Dan Edward Malone sold 900 shares of Alamo Group stock in a transaction dated Friday, March 9th. The shares were sold at an average price of $114.39, for a total transaction of $102,951.00. Following the sale, the vice president now owns 11,150 shares of the company’s stock, valued at approximately $1,275,448.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Rick Parod bought 1,000 shares of the business’s stock in a transaction dated Tuesday, March 20th. The shares were bought at an average cost of $114.68 per share, for a total transaction of $114,680.00. Following the purchase, the director now directly owns 1,420 shares in the company, valued at approximately $162,845.60. The disclosure for this purchase can be found here. 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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