Headlines about Alamo Group (NYSE:ALG) have been trending somewhat positive recently, Accern reports. Accern ranks the sentiment of media 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 one, with scores nearest to one being the most favorable. Alamo Group earned a news sentiment score of 0.10 on Accern’s scale. Accern also gave press coverage about the industrial products company an impact score of 45.7896767510002 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
A number of research firms have recently commented on ALG. BidaskClub downgraded shares of Alamo Group from a “hold” rating to a “sell” rating in a research report on Friday. Zacks Investment Research downgraded shares of Alamo Group from a “buy” rating to a “hold” rating in a research report on Monday, July 10th. Seaport Global Securities boosted their target price on shares of Alamo Group from $71.00 to $80.00 and gave the company a “neutral” rating in a research report on Monday, May 8th. Finally, Piper Jaffray Companies restated a “buy” rating and set a $90.00 price objective on shares of Alamo Group in a report on Friday, July 14th.
Shares of Alamo Group (NYSE:ALG) traded up 0.27% during trading on Friday, reaching $88.96. 69,369 shares of the company’s stock were exchanged. Alamo Group has a 12 month low of $58.30 and a 12 month high of $95.62. The firm has a market cap of $1.03 billion, a price-to-earnings ratio of 22.87 and a beta of 0.95. The stock has a 50-day moving average price of $92.24 and a 200 day moving average price of $83.24.
Alamo Group (NYSE:ALG) last issued its quarterly earnings results on Wednesday, August 2nd. The industrial products company reported $1.05 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.05. Alamo Group had a return on equity of 11.78% and a net margin of 5.32%. The company had revenue of $213.28 million for the quarter, compared to the consensus estimate of $217.90 million. On average, analysts forecast that Alamo Group will post $4.21 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, July 28th. Shareholders of record on Monday, July 17th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, July 13th. This represents a $0.40 annualized dividend and a yield of 0.45%. Alamo Group’s dividend payout ratio (DPR) is 10.28%.
In related news, Director David W. Grzelak sold 2,201 shares of the company’s stock in a transaction dated Monday, June 19th. The stock was sold at an average price of $92.18, for a total value of $202,888.18. Following the completion of the sale, the director now directly owns 1,325 shares of the company’s stock, valued at approximately $122,138.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Dan Edward Malone sold 950 shares of the company’s stock in a transaction dated Monday, June 12th. The shares were sold at an average price of $90.75, for a total value of $86,212.50. Following the completion of the sale, the vice president now directly owns 11,950 shares of the company’s stock, valued at $1,084,462.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 3,335 shares of company stock worth $305,830. 3.99% of the stock is owned by company insiders.
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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