News stories about Alamo Group (NYSE:ALG) have been trending positive this week, Accern reports. Accern scores the sentiment of news coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Alamo Group earned a news impact score of 0.49 on Accern’s scale. Accern also gave media headlines about the industrial products company an impact score of 61 out of 100, indicating that recent news coverage is somewhat likely to have an impact on the company’s share price in the next few days.
Here are some of the media headlines that may have impacted Accern Sentiment Analysis’s rankings:
- Alamo Group Inc. : Announces Second Quarter 2017 Earnings Conference Call (4-traders.com)
- Alamo Group Inc. Announces Second Quarter 2017 Earnings Conference Call (finance.yahoo.com)
- Alamo Group, Inc. (ALG) Given Average Recommendation of “” by Analysts (americanbankingnews.com)
- Alamo Group, Inc. (ALG) Stock Rating Upgraded by BidaskClub (hoyentv.com)
ALG has been the topic of several analyst reports. 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. BidaskClub downgraded Alamo Group from a “buy” rating to a “hold” rating in a report on Friday, June 23rd. Seaport Global Securities lifted their target price on Alamo Group from $71.00 to $80.00 and gave the stock a “neutral” rating in a research report on Monday, May 8th. Finally, Zacks Investment Research upgraded Alamo Group from a “sell” rating to a “hold” rating and set a $95.00 target price for the company in a research report on Friday, May 5th.
Shares of Alamo Group (ALG) traded down 0.37% on Friday, hitting $93.16. The stock had a trading volume of 36,334 shares. Alamo Group has a 1-year low of $58.30 and a 1-year high of $95.62. The stock has a market cap of $1.08 billion, a P/E ratio of 24.78 and a beta of 0.95. The firm’s 50-day moving average is $91.99 and its 200 day moving average is $81.69.
The company also recently declared a quarterly dividend, which was paid on Friday, July 28th. Shareholders of record on Monday, July 17th were issued a $0.10 dividend. The ex-dividend date of this dividend was Thursday, July 13th. This represents a $0.40 annualized dividend and a yield of 0.43%. Alamo Group’s dividend payout ratio (DPR) is 10.64%.
In other Alamo Group news, VP Dan Edward Malone sold 900 shares of the company’s stock in a transaction that occurred on Friday, May 12th. The stock was sold at an average price of $82.02, for a total value of $73,818.00. Following the completion of the transaction, the vice president now owns 10,750 shares of the company’s stock, valued at approximately $881,715. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director David W. Grzelak sold 2,201 shares of the company’s stock in a transaction that occurred on Monday, June 19th. The shares were sold at an average price of $92.18, for a total value of $202,888.18. Following the completion of the transaction, the director now directly owns 1,325 shares of the company’s stock, valued at approximately $122,138.50. The disclosure for this sale can be found here. In the last ninety days, insiders sold 39,235 shares of company stock valued at $3,314,748. 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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