Somewhat Positive Press Coverage Somewhat Unlikely to Impact Alamo Group (ALG) Stock Price
Headlines about Alamo Group (NYSE:ALG) have been trending somewhat positive recently, according to Accern. The research group rates the sentiment of press coverage by analyzing more than 20 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 media sentiment score of 0.10 on Accern’s scale. Accern also gave news headlines about the industrial products company an impact score of 45.6779337500601 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Alamo Group (NYSE ALG) opened at $111.85 on Thursday. The stock has a market cap of $1,320.00, a price-to-earnings ratio of 26.82 and a beta of 0.96. Alamo Group has a fifty-two week low of $70.53 and a fifty-two week high of $119.58. The company has a quick ratio of 2.85, a current ratio of 4.48 and a debt-to-equity ratio of 0.28.
Alamo Group (NYSE:ALG) last posted its quarterly earnings results on Tuesday, October 31st. The industrial products company reported $1.40 earnings per share (EPS) for the quarter, topping the Zacks’ 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 net margin of 6.90% and a return on equity of 15.31%. sell-side analysts expect that Alamo Group will post 4.49 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, January 29th. Shareholders of record on Tuesday, January 16th will be issued a $0.11 dividend. The ex-dividend date of this dividend is Friday, January 12th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.39%. This is a boost from Alamo Group’s previous quarterly dividend of $0.10. Alamo Group’s dividend payout ratio (DPR) is currently 9.59%.
Several brokerages have weighed in on ALG. Zacks Investment Research upgraded shares of 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 upgraded shares of Alamo Group from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Finally, Piper Jaffray Companies set a $104.00 target price on shares of Alamo Group and gave the company a “buy” rating in a research note on Sunday, October 1st. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $105.00.
In other Alamo Group news, EVP Richard Hodges Raborn sold 2,000 shares of the firm’s stock in a transaction on Monday, November 6th. The shares were sold at an average price of $111.53, for a total value of $223,060.00. Following the completion of the transaction, the executive vice president now owns 4,500 shares of the company’s stock, valued at $501,885. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 3.99% of the company’s stock.
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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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