Media coverage about Alamo Group (NYSE:ALG) has trended positive recently, according to AlphaOne. The research group, a unit of Accern, identifies positive and negative press coverage by reviewing more than twenty million news and blog sources in real-time. AlphaOne ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Alamo Group earned a coverage optimism score of 0.44 on AlphaOne’s scale. AlphaOne also assigned news coverage about the industrial products company an impact score of 64 out of 100, indicating that recent press coverage is somewhat likely to have an effect on the company’s share price in the immediate future.
Alamo Group (NYSE:ALG) traded up 0.34% during midday trading on Friday, hitting $83.51. The company had a trading volume of 215,603 shares. The stock’s 50-day moving average price is $78.63 and its 200-day moving average price is $75.80. Alamo Group has a 52-week low of $56.81 and a 52-week high of $87.73. The stock has a market cap of $964.54 million, a PE ratio of 22.21 and a beta of 0.92.
Alamo Group (NYSE:ALG) last posted its quarterly earnings data on Tuesday, March 7th. The industrial products company reported $0.81 EPS for the quarter, missing analysts’ consensus estimates of $0.89 by $0.08. Alamo Group had a return on equity of 11.57% and a net margin of 5.08%. The firm had revenue of $205.52 million during the quarter, compared to analyst estimates of $217 million. On average, equities research analysts expect that Alamo Group will post $4.13 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, April 28th. Investors of record on Monday, April 17th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.48%. The ex-dividend date was Wednesday, April 12th. Alamo Group’s dividend payout ratio is 10.53%.
Several research firms have recently weighed in on ALG. Seaport Global Securities raised their target price on Alamo Group from $71.00 to $80.00 and gave the company a “neutral” rating in a research report on Monday, May 8th. Zacks Investment Research raised Alamo Group from a “sell” rating to a “hold” rating and set a $95.00 price target for the company in a report on Friday, May 5th.
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In related news, VP Geoff Davies sold 10,000 shares of Alamo Group stock in a transaction on Tuesday, May 9th. The shares were sold at an average price of $84.11, for a total value of $841,100.00. Following the completion of the sale, the vice president now owns 14,000 shares of the company’s stock, valued at approximately $1,177,540. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Robert H. George sold 2,000 shares of Alamo Group stock in a transaction on Wednesday, March 22nd. The shares were sold at an average price of $74.13, for a total transaction of $148,260.00. Following the completion of the sale, the vice president now directly owns 13,884 shares of the company’s stock, valued at approximately $1,029,220.92. The disclosure for this sale can be found here. Insiders sold a total of 42,882 shares of company stock valued at $3,534,481 in the last ninety days. Company insiders own 3.63% of the company’s stock.
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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