Headlines about Alamo Group (NYSE:ALG) have trended somewhat positive recently, Accern reports. Accern ranks the sentiment of news coverage by monitoring more than twenty million blog and news sources. 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 daily sentiment score of 0.05 on Accern’s scale. Accern also assigned news headlines about the industrial products company an impact score of 46.3765127621721 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.

Shares of Alamo Group (NYSE ALG) opened at $111.98 on Friday. The firm has a market capitalization of $1,304.76, a P/E ratio of 26.03 and a beta of 0.96. The company has a debt-to-equity ratio of 0.28, a quick ratio of 2.85 and a current ratio of 4.48. Alamo Group has a fifty-two week low of $70.53 and a fifty-two week high of $119.58.

Alamo Group (NYSE:ALG) last released its quarterly earnings results on Tuesday, October 31st. The industrial products company reported $1.40 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.24 by $0.16. The business had revenue of $240.46 million during the quarter, compared to analysts’ expectations of $223.40 million. Alamo Group had a return on equity of 12.11% and a net margin of 5.56%. analysts predict that Alamo Group will post 4.49 earnings per share for the current year.

Several research analysts have recently commented on the company. Zacks Investment Research upgraded Alamo Group from a “sell” rating to a “strong-buy” rating and set a $131.00 target price for the company in a research note on Tuesday, November 7th. ValuEngine cut Alamo Group from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Finally, Piper Jaffray Companies set a $104.00 price target on Alamo Group and gave the stock a “buy” rating in a report on Sunday, October 1st. One analyst has rated the stock with a sell rating, two have given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. Alamo Group currently has a consensus rating of “Hold” and an average target price of $105.00.

In related news, VP Geoff Davies sold 4,000 shares of Alamo Group stock in a transaction that occurred on Monday, September 18th. The stock was 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 directly owns 3,800 shares of the company’s stock, valued at approximately $373,008. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Richard Hodges Raborn sold 2,000 shares of Alamo Group stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $111.53, for a total value of $223,060.00. Following the sale, the executive vice president now directly owns 4,500 shares of the company’s stock, valued at $501,885. The disclosure for this sale can be found here. Company insiders own 3.99% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for Alamo Group (NYSE:ALG)

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