Alamo traded at $170.25 this Thursday July 2nd, increasing $3.95 or 2.38 percent since the previous trading session. Looking back, over the last four weeks, Alamo gained 13.41 percent. Over the last 12 months, its price fell by 24.74 percent. Looking ahead, we forecast Alamo to be priced at 165.29 by the end of this quarter and at 155.19 in one year, according to Trading Economics global macro models projections and analysts expectations.
Alamo Group Inc. is engaged in the design and manufacture of agricultural equipment and infrastructure maintenance equipment for governmental and industrial use. The Company operates through two segments: Industrial Division, and Agricultural Division. The Company’s products include tractor-mounted mowing and other vegetation maintenance equipment, street sweepers, excavators, vacuum trucks, forestry and tree maintenance equipment, snow removal equipment, leaf collection equipment, pothole patchers, zero turn radius mowers, agricultural implements and related aftermarket parts. It has approximately 3,990 employees and operates a total of 27 plants in North America, South America, Europe, and Australia. The Company sells its products primarily through a network of independent dealers and distributors to governmental end-users, related independent contractors, as well as to the agricultural and commercial turf markets.