Alamo Group (ALG) Receiving Somewhat Favorable News Coverage, Report Finds
News coverage about Alamo Group (NYSE:ALG) has trended somewhat positive on Thursday, according to Accern. The research firm identifies negative and positive news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Alamo Group earned a media sentiment score of 0.09 on Accern’s scale. Accern also gave media coverage about the industrial products company an impact score of 45.9481636721941 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the news headlines that may have impacted Accern Sentiment’s scoring:
- ETFs with exposure to Alamo Group, Inc. : October 3, 2017 (finance.yahoo.com)
- Alamo Group, Inc. (ALG) Declares $0.10 Quarterly Dividend (americanbankingnews.com)
- Piper Jaffray Companies Reaffirms Buy Rating for Alamo Group, Inc. (ALG) (americanbankingnews.com)
- Is Alamo Group, Inc. (NYSE:ALG) Overbought? – First News 24 (firstnewspaper24.com)
Several research firms have recently weighed in on ALG. BidaskClub downgraded shares of Alamo Group from a “hold” rating to a “sell” rating in a research note on Friday, August 18th. Zacks Investment Research raised shares of Alamo Group from a “hold” rating to a “buy” rating and set a $104.00 price target for the company in a research note on Tuesday, August 8th. Piper Jaffray Companies set a $104.00 price target on shares of Alamo Group and gave the company a “buy” rating in a research note on Sunday. Finally, ValuEngine downgraded shares of Alamo Group from a “buy” rating to a “hold” rating in a research note on Monday. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $99.33.
Shares of Alamo Group (NYSE:ALG) traded down 0.93% during trading on Thursday, reaching $107.96. 48,322 shares of the company were exchanged. Alamo Group has a 1-year low of $58.30 and a 1-year high of $111.02. The firm has a 50-day moving average price of $95.90 and a 200-day moving average price of $87.97. The stock has a market capitalization of $1.26 billion, a P/E ratio of 27.75 and a beta of 0.95.
Alamo Group (NYSE:ALG) last released its earnings results on Wednesday, August 2nd. The industrial products company reported $1.05 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $1.05. The company had revenue of $213.28 million for 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 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 27th. Shareholders of record on Monday, October 16th will be issued a dividend of $0.10 per share. The ex-dividend date is Friday, October 13th. This represents a $0.40 dividend on an annualized basis and a yield of 0.37%. Alamo Group’s dividend payout ratio (DPR) is presently 10.28%.
In other news, EVP Richard Hodges Raborn sold 364 shares of the firm’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of $92.19, for a total value of $33,557.16. Following the sale, the executive vice president now directly owns 4,500 shares in the company, valued at approximately $414,855. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Geoff Davies sold 4,000 shares of the firm’s stock in a transaction on Monday, September 18th. The shares were sold at an average price of $98.16, for a total transaction of $392,640.00. Following the completion of the sale, the vice president now owns 3,800 shares in the company, valued at $373,008. The disclosure for this sale can be found here. 3.99% of the stock is owned by corporate insiders.
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Alamo Group Company Profile
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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