Media coverage about Alamo Group (NYSE:ALG) has trended somewhat positive on Monday, Accern Sentiment reports. Accern scores the sentiment of media 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 one, with scores nearest to one being the most favorable. Alamo Group earned a coverage optimism score of 0.12 on Accern’s scale. Accern also gave news articles about the industrial products company an impact score of 46.1350364516956 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
These are some of the media stories that may have effected Accern’s scoring:
- ETFs with exposure to Alamo Group, Inc. : September 9, 2017 (finance.yahoo.com)
- Alamo Group, Inc. (NYSE:ALG) Sees Light Trading Volume with 261 Shares Changing Hands (highlightpress.com)
- Alamo Group, Inc. :ALG-US: Earnings Analysis: Q2, 2017 By the Numbers : September 7, 2017 (finance.yahoo.com)
- Alamo Group, Inc. (NYSE:ALG) Trading Down – Insiders Selling, Short Interest Growing (highlightpress.com)
- Alamo Group, Inc. (ALG) EVP Sells $33,557.16 in Stock (americanbankingnews.com)
A number of analysts have recently issued reports on ALG shares. Piper Jaffray Companies set a $104.00 target price on Alamo Group and gave the stock a “buy” rating in a research report on Friday, August 25th. Zacks Investment Research upgraded Alamo Group from a “hold” rating to a “buy” rating and set a $100.00 price target for the company in a research note on Tuesday, August 22nd. BidaskClub upgraded Alamo Group from a “hold” rating to a “buy” rating in a research note on Thursday, June 29th. Finally, ValuEngine upgraded Alamo Group from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. One 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. Alamo Group presently has a consensus rating of “Hold” and an average target price of $95.67.
Alamo Group (ALG) traded up 0.24% during trading on Monday, reaching $90.97. The company had a trading volume of 70,656 shares. The firm has a 50-day moving average price of $91.44 and a 200 day moving average price of $84.69. The stock has a market cap of $1.06 billion, a P/E ratio of 23.39 and a beta of 0.96. Alamo Group has a 12-month low of $58.30 and a 12-month high of $95.62.
Alamo Group (NYSE:ALG) last released its earnings results on Wednesday, August 2nd. The industrial products company reported $1.05 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $1.05. The firm had revenue of $213.28 million during the quarter, compared to analyst estimates of $217.90 million. Alamo Group had a net margin of 5.32% and a return on equity of 11.78%. Equities research analysts predict that Alamo Group will post $4.21 EPS for the current fiscal year.
In other news, Director David W. Grzelak sold 2,201 shares of the company’s stock in a transaction dated Monday, June 19th. The shares were sold at an average price of $92.18, for a total transaction of $202,888.18. Following the completion of the transaction, the director now owns 1,325 shares of the company’s stock, valued at $122,138.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Richard Hodges Raborn sold 364 shares of the company’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $92.19, for a total transaction of $33,557.16. Following the transaction, the executive vice president now directly owns 4,500 shares of the company’s stock, valued at approximately $414,855. The disclosure for this sale can be found here. 3.99% of the stock is currently owned by corporate 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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