Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Alamo Group, Inc. before investing.

In this article, we go over a few key elements for understanding Alamo Group, Inc.’s stock price such as:

• Alamo Group, Inc.’s current stock price and volume
• Why Alamo Group, Inc.’s stock price changed recently
• Upgrades and downgrades for ALG from analysts
• ALG’s stock price momentum as measured by its relative strength

About Alamo Group, Inc. (ALG)

Before we jump into Alamo Group, Inc.’s stock price, history, target price and what caused it to recently rise, let’s take a look at some background.

Alamo Group Inc. is engaged in designing, manufacturing, distributing and providing services of equipment for vegetation management, infrastructure maintenance and other applications. The Company operates through two segments: Vegetation Management Division and Industrial Equipment Division. The Vegetation Management Division includes the operations of the mowing and forestry/tree care operations, Morbark and Dutch Power business units. The Industrial Equipment Division includes the Company’s vocational truck business and other industrial operations, such as excavators, vacuum trucks, street sweepers and snow removal equipment. Its products include tractor-mounted and self-propelled mowers, zero-turn mowers, agricultural implements, tree and branch chippers, forestry/wood recycling equipment, street and parking lot sweepers, leaf and debris collection equipment, pothole patchers, vacuum trucks, hydro-excavation equipment, telescopic boom excavators, and snow removal equipment.

Want to learn more about Alamo Group, Inc.’s stock? Click the button below to subscribe to A+ Investor and get access to everything you need to know about Alamo Group, Inc..

Alamo Group, Inc.’s Stock Price as of Market Close

As of July 16, 2024, 4:00 PM, CST, Alamo Group, Inc.’s stock price was $184.68.

Alamo Group, Inc. is up 5.26% from its previous closing price of $175.45.

During the last market session, Alamo Group, Inc.’s stock traded between $173.87 and $177.60. Currently, there are 11.94 million shares of Alamo Group, Inc. stock available for purchase.

Alamo Group, Inc.’s price-earnings (P/E) ratio is currently at 15.6, which is high compared to the Heavy Machinery & Vehicles industry median of 12.5. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Alamo Group, Inc. Stock Price History

Alamo Group, Inc.’s (ALG) price is currently up 6.75% so far this month.

During the month of July, Alamo Group, Inc.’s stock price has reached a high of $185.16 and a low of $163.74.

Over the last year, Alamo Group, Inc. has hit prices as high as $231.40 and as low as $157.74. Year to date, Alamo Group, Inc.’s stock is up 30.42%.

Sign Up to Receive a Free Special Report Showing How A+ Grades Can Help You Make Smarter Investment Decisions

What Caused Alamo Group, Inc. Stock’s Price to Rise?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of July 15, 2024, there was 1 analyst who downgraded Alamo Group, Inc.’s stock and 0 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Alamo Group, Inc.’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Alamo Group, Inc.’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Alamo Group, Inc.’s current valuation based on AAII’s Value Grade is a C, which means it is considered to be Average.

Learn how to evaluate stocks with AAII Grades and Scores with A+ Investor today.

Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Alamo Group, Inc. (ALG) by visiting AAII Stock Evaluator.

Relative Price Strength of Alamo Group, Inc.

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of July 15, 2024, Alamo Group, Inc. has a weighted four-quarter relative price strength of -10.60%, which translates to a Momentum Score of 32 and is considered to be Weak.

Want to learn more about how Alamo Group, Inc. is graded based on AAII’s composite scores for value, growth, quality and earnings estimate revisions? Subscribe to A+ Investor today.

Alamo Group, Inc. Stock Price: Bottom Line

As of July 16, 2024, Alamo Group, Inc.’s stock price is $184.68, which is up 5.26% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Alamo Group, Inc. stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

Subscribing to AAII's A+ Investor provides access to comprehensive analytics and insights for confident investing.