ALG Stock Summary and Trading Ideas (Alamo Group | NYSE:ALG)

Alamo Group Inc is engaged in the design and manufacturing of agricultural equipment and infrastructure maintenance equipment. Its products include tractor-mounted mowing and other vegetation maintenance equipment, street sweepers, excavators, vacuum trucks, snow removal equipment, leaf collection equipment, pothole patchers, zero-turn radius mowers, agricultural implements, and related aftermarket parts. The company's reportable segments are Vegetation Management and Industrial Equipment. It generates a majority of its revenue from Vegetation Management. Geographically, the company generates majority of the revenue from the United States.

Alamo Group trades on the NYSE stock market under the symbol ALG.

As of November 4, 2024, ALG stock price declined to $183.25 with 63,266 million shares trading.

ALG has a beta of 1.06, meaning it tends to be more sensitive to market movements. ALG has a correlation of 0.16 to the broad based SPY ETF.

ALG has a market cap of $2.21 billion. This is considered a Mid Cap stock.

Last quarter Alamo Group reported $401 million in Revenue and $2.38 earnings per share. This fell short of revenue expectation by $-3 million and missed earnings estimates by -$.06.

In the last 3 years, ALG traded as high as $231.40 and as low as $108.35.

The top ETF exchange traded funds that ALG belongs to (by Net Assets): IJR, VTI, IWM, VXF, IJT.

ALG has underperformed the market in the last year with a return of +16.2%, while the SPY ETF gained +36.5%. In the last 3 month period, ALG fell short of the market, returning -0.7%, while SPY returned +5.3%. However, in the most recent 2 weeks ALG has outperformed the stock market by returning +3.2%, while SPY returned -2.5%.

ALG support price is $184.47 and resistance is $190.49 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ALG shares will trade within this expected range on the day.