ALG Stock Recent News
ALG LATEST HEADLINES
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.
If you are looking for stocks that are well positioned to maintain their recent uptrend, Alamo Group (ALG) could be a great choice. It is one of the several stocks that passed through our "Recent Price Strength" screen.
The Manufacturing - Farm Equipment industry stocks Deere (DE), AGCO Corp (AGCO) Alamo Group (ALG) and Titan International (TWI) are set to gain from improving farm income, commodity prices and investment in technology.
LYV, USAP, AXTA, ACT and ALG have been added to the Zacks Rank #1 (Strong Buy) List on November 9, 2023.
Here is how Alamo Group (ALG) and Columbus McKinnon (CMCO) have performed compared to their sector so far this year.
Alamo Group (ALG) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.