ALG Stock Recent News

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.

Industrial production rebounded in July, which is likely to help stocks like Applied Industrial Technologies, Inc. (AIT), Hubbell Incorporated (HUBB), Broadwind, Inc. (BWEN), Graham Corporation (GHM) and Alamo Group Inc. (ALG).

The prospects for Manufacturing - Farm Equipment industry looks dull at this moment due to weak commodity prices. Stocks like Deere (DE), AGCO and Alamo (ALG) are well-poised to gain from their growth initiatives.

Alamo Group Inc. (NYSE:ALG ) Q2 2023 Earnings Conference Call August 3, 2023 9:00 AM ET Company Participants Edward Rizzuti - Investor Relations Jeff Leonard - President and Chief Executive Officer Richard Wehrle - Executive Vice President, Chief Financial Officer and Treasurer Dan Malone - Executive Vice President and Chief Sustainability Officer Conference Call Participants Chris Moore - CJS Securities Mike Shlisky - D.A. Davidson Tim Moore - EF Hutton Felix Boeschen - Raymond James Operator Good morning ladies and gentlemen and welcome to the Alamo Group Inc. Second Quarter 2023 Conference Call.