The stock of Alamo Group, Inc. (NYSE:ALG) reached all time high today, Nov, 10 and still has $90.63 target or 27.00% above today’s $71.36 share price. This indicates more upside for the $871.81 million company. This technical setup was reported by Barchart.com. If the $90.63 PT is reached, the company will be worth $235.39M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 68,736 shares traded hands or 37.96% up from the average. Alamo Group, Inc. (NYSE:ALG) has risen 27.91% since April 8, 2016 and is uptrending. It has outperformed by 22.27% the S&P500.
Alamo Group, Inc. (NYSE:ALG) Ratings Coverage
Out of 2 analysts covering Alamo Group (NYSE:ALG), 0 rate it a “Buy”, 1 “Sell”, while 1 “Hold”. This means 0 are positive. Alamo Group has been the topic of 2 analyst reports since October 9, 2015 according to StockzIntelligence Inc. The rating was downgraded by Bank of America to “Underperform” on Friday, October 9. On Friday, November 6 the stock rating was downgraded by Seaport Global Securities to “Neutral”.
According to Zacks Investment Research, “Alamo Group Inc. is a leading manufacturer of high quality equipment for right-of-way maintenance and agriculture. Their products include tractor-mounted mowing and other vegetation maintenance equipment, street sweepers, agricultural implements and related after market parts and services. They emphasize high quality, cost efficient products for their customers and strive to develop and market innovative products while constantly monitoring and containing their manufacturing and overhead costs.”
Insitutional Activity: The institutional sentiment increased to 1.31 in 2016 Q2. Its up 0.33, from 0.98 in 2016Q1. The ratio improved, as 13 funds sold all Alamo Group, Inc. shares owned while 36 reduced positions. 30 funds bought stakes while 34 increased positions. They now own 9.81 million shares or 5.07% less from 10.33 million shares in 2016Q1.
Vanguard Grp Incorporated reported 433,797 shares or 0% of all its holdings. Moreover, Tci Wealth Advisors Incorporated has 0% invested in Alamo Group, Inc. (NYSE:ALG) for 92 shares. Blackrock Ltd Liability reported 4,393 shares or 0% of all its holdings. The Manitoba – Canada-based Great West Life Assurance Can has invested 0% in Alamo Group, Inc. (NYSE:ALG). The North Carolina-based Wedge Mngmt L L P Nc has invested 0.01% in Alamo Group, Inc. (NYSE:ALG). Blackrock Institutional Tru Na has invested 0% of its portfolio in Alamo Group, Inc. (NYSE:ALG). Neumeier Poma Counsel Limited Liability Company last reported 131,375 shares in the company. Manufacturers Life Insurance The accumulated 0% or 6,162 shares. Moreover, Ubs Asset Americas Inc has 0% invested in Alamo Group, Inc. (NYSE:ALG) for 3,600 shares. Fayez Sarofim And reported 151,500 shares or 0.05% of all its holdings. Aqr Capital Mgmt Ltd Liability Corporation has 0% invested in the company for 35,017 shares. The Delaware-based Dupont Corp has invested 0.01% in Alamo Group, Inc. (NYSE:ALG). Moreover, Products Prtnrs Limited Liability Company has 0.05% invested in Alamo Group, Inc. (NYSE:ALG) for 9,400 shares. Strs Ohio holds 0.02% of its portfolio in Alamo Group, Inc. (NYSE:ALG) for 53,000 shares. Texas Permanent School Fund accumulated 7,173 shares or 0.01% of the stock.
Insider Transactions: Since May 24, 2016, the stock had 0 buys, and 9 insider sales for $1.41 million net activity. Leonard Jeffery Allen sold $126,068 worth of Alamo Group, Inc. (NYSE:ALG) on Wednesday, July 6. $126,861 worth of shares were sold by WEHRLE RICHARD J on Wednesday, May 25. On Wednesday, June 29 the insider DAVIES GEOFF sold $189,210. GEORGE ROBERT H also sold $25,600 worth of Alamo Group, Inc. (NYSE:ALG) on Friday, July 1. Shares for $241,160 were sold by ROBINSON RONALD A on Thursday, May 26.
More important recent Alamo Group, Inc. (NYSE:ALG) news were published by: Prnewswire.com which released: “Alamo Group Inc. Announces Third Quarter 2016 Earnings Conference Call” on October 27, 2016, also Prnewswire.com published article titled: “Alamo Group Inc. Announces The Appointment Of A New Board Member”, Prnewswire.com published: “Alamo Group Inc. Announces Appointment of Executive Vice President of North …” on March 30, 2015. More interesting news about Alamo Group, Inc. (NYSE:ALG) was released by: Prnewswire.com and their article: “Alamo Group Inc. Announces The Appointment Of Two New Board Members” with publication date: August 06, 2015.
ALG Company Profile
Alamo Group Inc., incorporated on October 22, 1987, is engaged in the design and manufacture of agricultural equipment and infrastructure maintenance equipment for governmental and industrial use. The Firm operates in Industrial, Agricultural and European divisions. 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 parts and services. The Firm operates approximately 20 plants in North America, Europe, Australia and Brazil. The Firm sells its products through a network of independent dealers and distributors to Governmental end users, related independent contractors, as well as to the agricultural and commercial turf markets. It also offers replacement parts for each of its wholegoods lines. The Company’s products are sold through various marketing organizations, and dealer and distributor networks under the Alamo Industrial, Terrain King, Tiger, Gradall, VacAll, Schwarze, Nite-Hawk, Henke, Tenco, Super Products, Wausau-Everest, H.P. Fairfield, Bush Hog, Rhino, Earthmaster, Herschel, Valu-Bilt, Schulte, Superior, Fieldquip, McConnel, Bomford, Spearhead, Herder, Twose, Kellands, SMA, Forges Gorce, Faucheux, Rousseau and Rivard trademarks, as well as other trademarks and trade names.
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