News headlines about Alamo Group (NYSE:ALG) have been trending somewhat positive recently, according to Accern Sentiment. The research group rates the sentiment of news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Alamo Group earned a news sentiment score of 0.11 on Accern’s scale. Accern also assigned news articles about the industrial products company an impact score of 45.8505692974652 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the news articles that may have impacted Accern’s rankings:
- State to consider dropping ‘heroic’ part of Alamo teaching (msn.com)
- State Board of Education to consider dropping ‘heroic’ part of Alamo teaching (msn.com)
- H.S. FOOTBALL: Judson, Alamo Heights atop first KENS5.com area rankings of season (msn.com)
- Insider Selling: Alamo Group, Inc. (ALG) VP Sells 6,000 Shares of Stock (americanbankingnews.com)
- Alamo Group, Inc. (ALG) Receives Average Recommendation of “Hold” from Analysts (americanbankingnews.com)
Shares of ALG traded down $0.01 during midday trading on Friday, hitting $94.93. The company had a trading volume of 27,080 shares, compared to its average volume of 68,808. The company has a debt-to-equity ratio of 0.25, a quick ratio of 2.92 and a current ratio of 4.66. The stock has a market capitalization of $1.11 billion, a PE ratio of 20.50 and a beta of 0.96. Alamo Group has a 1 year low of $88.12 and a 1 year high of $120.58.
Alamo Group (NYSE:ALG) last announced its quarterly earnings data on Wednesday, August 1st. The industrial products company reported $1.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.16. The business had revenue of $257.13 million during the quarter, compared to analysts’ expectations of $237.40 million. Alamo Group had a return on equity of 13.31% and a net margin of 5.43%. analysts predict that Alamo Group will post 5.93 EPS for the current year.
Several equities analysts have weighed in on the company. ValuEngine raised Alamo Group from a “hold” rating to a “buy” rating in a research report on Thursday, May 17th. Zacks Investment Research raised Alamo Group from a “hold” rating to a “buy” rating and set a $106.00 target price for the company in a research report on Tuesday, August 7th.
In other news, VP Dan Edward Malone sold 1,964 shares of Alamo Group stock in a transaction dated Tuesday, August 7th. The stock was sold at an average price of $96.13, for a total value of $188,799.32. Following the completion of the transaction, the vice president now owns 11,225 shares in the company, valued at approximately $1,079,059.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Richard Hodges Raborn sold 569 shares of Alamo Group stock in a transaction dated Wednesday, June 13th. The shares were sold at an average price of $94.50, for a total value of $53,770.50. Following the completion of the transaction, the executive vice president now owns 6,268 shares of the company’s stock, valued at approximately $592,326. The disclosure for this sale can be found here. Insiders sold a total of 8,533 shares of company stock valued at $812,870 in the last quarter. Company insiders own 3.48% of the company’s stock.
Alamo Group Company Profile
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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