Headlines about Alamo Group (NYSE:ALG) have been trending somewhat positive this week, according to Accern Sentiment. Accern rates the sentiment of media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public 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 0.03 on Accern’s scale. Accern also gave news articles about the industrial products company an impact score of 45.8628433118512 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Shares of Alamo Group (ALG) traded down 1.77% during mid-day trading on Tuesday, hitting $107.61. 46,572 shares of the company were exchanged. The firm has a 50 day moving average of $99.98 and a 200 day moving average of $89.76. The company has a market capitalization of $1.25 billion, a price-to-earnings ratio of 27.66 and a beta of 0.95. Alamo Group has a 12-month low of $58.30 and a 12-month high of $111.02.
Alamo Group (NYSE:ALG) last released its quarterly earnings results on Wednesday, August 2nd. The industrial products company reported $1.05 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.05. The company had revenue of $213.28 million for the quarter, compared to analysts’ expectations of $217.90 million. Alamo Group had a return on equity of 11.78% and a net margin of 5.32%. Equities research analysts forecast that Alamo Group will post $4.21 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 27th. Investors of record on Monday, October 16th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.37%. The ex-dividend date is Friday, October 13th. Alamo Group’s dividend payout ratio is currently 10.28%.
A number of research analysts have issued reports on the stock. ValuEngine downgraded shares of Alamo Group from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Zacks Investment Research downgraded shares of Alamo Group from a “buy” rating to a “hold” rating in a research report on Monday, October 9th. Piper Jaffray Companies set a $104.00 target price on shares of Alamo Group and gave the company a “buy” rating in a research report on Sunday, October 1st. Finally, BidaskClub downgraded shares of Alamo Group from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. Alamo Group presently has a consensus rating of “Hold” and an average price target of $99.33.
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In related news, VP Geoff Davies sold 4,000 shares of Alamo Group stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $98.16, for a total value of $392,640.00. Following the transaction, the vice president now directly owns 3,800 shares of the company’s stock, valued at $373,008. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Richard Hodges Raborn sold 364 shares of Alamo Group stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $92.19, for a total value of $33,557.16. Following the completion of the transaction, the executive vice president now directly owns 4,500 shares in the company, valued at $414,855. The disclosure for this sale can be found here. 3.99% of the stock is owned by 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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