ALG Stock Recent News
ALG LATEST HEADLINES
Deere (NYSE: DE ) stock has recently fallen following their release of the fourth quarter earnings report that stated total revenue and earnings per share beat analyst estimates. Still, the outlook regarding the first quarter of 2024 fell short of expectations, with net income projected between $7.5 – $7.75 billion and analyst projections of $7.83 billion.
The Zacks Rank for the Manufacturing - Farm Equipment industry paints a gloomy picture. Investors should keep an eye on these four stocks braving these headwinds -- Deere (DE), Kubota (KUBTY), Alamo Group (ALG) and Lindsay Corp (LNN).
If you've been around while, you might remember the old commercial slogan for Almond Joy and Mounds candy bars: “Sometimes you feel like a nut, sometimes you don't.”
Five stocks that recently hiked dividend are: SNX, ALG, LEN, IMMR, OZK.
Immersion Corporation (IMMR), Bank OZK (OZK), United Bancorporation of Alabama, Inc. (UBAB) and Alamo Group Inc. (ALG) recently hiked dividends.
A healthy demand environment with an improvement in supply chain and easing inflationary pressure augur well for the industrial sector heading into 2024. ETN, AXON, AOS, ALG and KAI are likely to continue their momentum.
Stocks like A. O. Smith Corporation (AOS), Emerson Electric (EMR), Graham Corporation (GHM), Flowserve Corporation (FLS) and Alamo Group (ALG) are poised to benefit from the steady acceleration in industrial production.
One company is doubling down on the automation industry. Industrial suppliers will be a vital part of the manufacturing renaissance in the U.S. Infrastructure spending is as much about maintaining expenditures as replacing or building new infrastructure.
Alamo Group has seen record revenues and expanded its margins, as the business is performing very well. The company specializes in agriculture and infrastructure equipment, with a strong track record, driven by a diverse product range in niche segments. Despite some headwinds, including a decrease in the backlog, Alamo Group's performance and balance sheet strength make it a promising investment option.
Here is how Alamo Group (ALG) and Atlas Copco AB (ATLKY) have performed compared to their sector so far this year.