Alamo Group (ALG) Receives News Impact Rating of 0.58
Headlines about Alamo Group (NYSE:ALG) have trended very positive on Friday, according to Alpha One. The research firm, a service of Accern, identifies negative and positive media coverage by analyzing more than twenty million blog and news sources in real-time. Alpha One ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Alamo Group earned a daily sentiment score of 0.58 on Alpha One’s scale. Alpha One also assigned headlines about the industrial products company an impact score of 0 out of 100, meaning that recent media coverage is extremely unlikely to have an effect on the company’s share price in the near term.
These are some of the headlines that may have effected AlphaOne’s scoring:
- Zacks: Alamo Group, Inc. (ALG) Given Average Recommendation of “Buy” by Brokerages (americanbankingnews.com)
- Trexquant Investment LP Sells 7154 Shares of Devon Energy Corporation (DVN) (leisuretravelaid.com)
- Insider Selling: Alamo Group, Inc. (ALG) VP Sells 950 Shares of Stock (americanbankingnews.com)
- Alamo Group, Inc. (ALG) VP Sells $16,729.28 in Stock (americanbankingnews.com)
- Head to Head Survey: Lindsay Corporation (LNN) and Alamo Group (ALG) (americanbankingnews.com)
ALG has been the subject of several recent analyst reports. Zacks Investment Research cut shares of Alamo Group from a “hold” rating to a “sell” rating in a report on Tuesday, March 28th. Seaport Global Securities lifted their target price on shares of Alamo Group from $71.00 to $80.00 and gave the stock a “neutral” rating in a report on Monday, May 8th. Finally, BidaskClub raised shares of Alamo Group from a “hold” rating to a “buy” rating in a report on Tuesday.
Alamo Group (NYSE:ALG) traded down 0.45% on Friday, hitting $92.00. 87,909 shares of the stock traded hands. The company has a market capitalization of $1.06 billion, a PE ratio of 24.47 and a beta of 0.93. Alamo Group has a 12 month low of $58.22 and a 12 month high of $93.38. The firm has a 50-day moving average price of $85.33 and a 200-day moving average price of $78.18.
In other Alamo Group news, VP Richard J. Wehrle sold 2,000 shares of Alamo Group stock in a transaction on Tuesday, March 21st. The shares were sold at an average price of $74.89, for a total transaction of $149,780.00. Following the sale, the vice president now owns 10,549 shares of the company’s stock, valued at approximately $790,014.61. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Dan Edward Malone sold 982 shares of Alamo Group stock in a transaction on Thursday, March 30th. The stock was sold at an average price of $77.03, for a total value of $75,643.46. Following the transaction, the vice president now owns 8,950 shares in the company, valued at approximately $689,418.50. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 44,016 shares of company stock worth $3,637,423. 3.99% of the stock is currently owned by corporate insiders.
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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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