Algert Global LLC Invests $3.16 Million in Valmont Industries, Inc. (NYSE:VMI)

Algert Global LLC acquired a new stake in shares of Valmont Industries, Inc. (NYSE:VMI) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 11,496 shares of the industrial products company’s stock, valued at approximately $3,155,000. Algert Global LLC owned 0.06% of Valmont Industries at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Earnest Partners LLC acquired a new stake in shares of Valmont Industries in the second quarter valued at approximately $91,878,000. Sei Investments Co. raised its stake in Valmont Industries by 794.2% during the 2nd quarter. Sei Investments Co. now owns 198,116 shares of the industrial products company’s stock valued at $54,373,000 after acquiring an additional 175,961 shares in the last quarter. Wellington Management Group LLP acquired a new position in Valmont Industries during the 4th quarter worth $21,669,000. Bank of New York Mellon Corp boosted its position in Valmont Industries by 39.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 258,845 shares of the industrial products company’s stock worth $71,040,000 after acquiring an additional 73,084 shares during the period. Finally, Vaughan Nelson Investment Management L.P. grew its stake in shares of Valmont Industries by 69.0% in the first quarter. Vaughan Nelson Investment Management L.P. now owns 161,605 shares of the industrial products company’s stock worth $36,891,000 after purchasing an additional 65,970 shares in the last quarter. 87.84% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

VMI has been the subject of several research analyst reports. StockNews.com raised shares of Valmont Industries from a “buy” rating to a “strong-buy” rating in a report on Monday, August 12th. DA Davidson increased their price objective on shares of Valmont Industries from $300.00 to $340.00 and gave the company a “buy” rating in a report on Friday, July 26th. Finally, Stifel Nicolaus boosted their target price on Valmont Industries from $285.00 to $325.00 and gave the stock a “buy” rating in a report on Thursday, July 18th. One research analyst has rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Valmont Industries presently has a consensus rating of “Buy” and an average target price of $332.50.

Valmont Industries Price Performance

Shares of Valmont Industries stock opened at $287.91 on Wednesday. Valmont Industries, Inc. has a 52 week low of $188.63 and a 52 week high of $307.67. The company has a current ratio of 2.53, a quick ratio of 1.63 and a debt-to-equity ratio of 0.69. The stock has a market cap of $5.81 billion, a PE ratio of 37.93 and a beta of 1.03. The company’s 50-day moving average price is $282.60 and its two-hundred day moving average price is $259.59.

Valmont Industries (NYSE:VMI) last released its earnings results on Wednesday, July 24th. The industrial products company reported $4.76 EPS for the quarter, topping analysts’ consensus estimates of $4.04 by $0.72. The business had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.06 billion. Valmont Industries had a net margin of 4.09% and a return on equity of 23.30%. As a group, sell-side analysts anticipate that Valmont Industries, Inc. will post 16.76 EPS for the current fiscal year.

Valmont Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Friday, September 27th will be paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 0.83%. The ex-dividend date of this dividend is Friday, September 27th. Valmont Industries’s dividend payout ratio is presently 31.62%.

Insider Buying and Selling

In related news, CFO Timothy P. Francis sold 2,300 shares of the stock in a transaction on Tuesday, July 30th. The stock was sold at an average price of $298.49, for a total value of $686,527.00. Following the completion of the transaction, the chief financial officer now owns 9,471 shares in the company, valued at approximately $2,826,998.79. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Theodor Werner Freye sold 1,600 shares of the company’s stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $300.12, for a total value of $480,192.00. Following the completion of the sale, the director now owns 3,685 shares in the company, valued at approximately $1,105,942.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Timothy P. Francis sold 2,300 shares of Valmont Industries stock in a transaction that occurred on Tuesday, July 30th. The stock was sold at an average price of $298.49, for a total transaction of $686,527.00. Following the transaction, the chief financial officer now owns 9,471 shares in the company, valued at $2,826,998.79. The disclosure for this sale can be found here. Insiders own 2.00% of the company’s stock.

Valmont Industries Profile

Valmont Industries, Inc operates as manufacturer of products and services for infrastructure and agriculture markets in the United States, Australia, Brazil, and internationally. It operates through two segments, Infrastructure and Agriculture. The company manufactures and distributes steel, pre-stressed concrete, composite structures for electrical transmission, substation, and distribution applications; and designs, engineers, and manufactures metal, steel, wood, aluminum, and composite poles and structures for lighting and transportation applications.