Press coverage about Alamo Group (NYSE:ALG) has trended somewhat positive on Monday, according to Accern Sentiment Analysis. Accern ranks the sentiment of press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Alamo Group earned a daily sentiment score of 0.10 on Accern’s scale. Accern also gave media coverage about the industrial products company an impact score of 46.5944495994144 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
A number of research firms have weighed in on ALG. ValuEngine raised shares of Alamo Group from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Zacks Investment Research lowered shares of Alamo Group from a “buy” rating to a “hold” rating in a research note on Wednesday, January 3rd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $105.00.
Alamo Group stock opened at $114.51 on Monday. Alamo Group has a 1-year low of $71.67 and a 1-year high of $120.58. The firm has a market capitalization of $1,333.92, a price-to-earnings ratio of 24.73 and a beta of 0.93. 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 (NYSE:ALG) last released its quarterly earnings data 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. Alamo Group had a net margin of 4.86% and a return on equity of 12.49%. The firm had revenue of $243.26 million for the quarter, compared to analyst estimates of $229.40 million. equities research analysts predict that Alamo Group will post 5.75 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 27th. Shareholders of record on Monday, April 16th will be paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.38%. The ex-dividend date of this dividend is Friday, April 13th. Alamo Group’s dividend payout ratio (DPR) is 9.50%.
In related news, VP Dan Edward Malone sold 900 shares of the firm’s 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 transaction, the vice president now directly owns 11,150 shares of the company’s stock, valued at $1,275,448.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Rick Parod purchased 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 20th. The shares were purchased at an average cost of $114.68 per share, for a total transaction of $114,680.00. Following the completion of the transaction, the director now directly owns 1,420 shares of the company’s stock, valued at $162,845.60. The disclosure for this purchase can be found here. 3.48% of the stock is currently owned by company insiders.
About Alamo Group
Alamo Group Inc designs, manufactures, distributes, and services agricultural and infrastructure maintenance equipment for governmental and industrial use worldwide. It operates in three segments: Industrial, Agricultural, and European. The company offers hydraulically-powered and tractor-mounted mowers, including boom-mounted mowers; cutters for heavy-duty and intensive use applications; and heavy duty tractors-and truck-mounted mowing, and vegetation maintenance equipment and parts.
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