Algert Global LLC Makes New Investment in Valmont Industries, Inc. (NYSE:VMI)

Algert Global LLC acquired a new position in Valmont Industries, Inc. (NYSE:VMI - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor 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.

Several other institutional investors have also added to or reduced their stakes in the company. Earnest Partners LLC purchased a new stake in shares of Valmont Industries during the second quarter valued at $91,878,000. Sei Investments Co. boosted its position in Valmont Industries by 794.2% in the 2nd quarter. Sei Investments Co. now owns 198,116 shares of the industrial products company's stock valued at $54,373,000 after buying an additional 175,961 shares during the period. Wellington Management Group LLP bought a new position in Valmont Industries in the 4th quarter worth about $21,669,000. Bank of New York Mellon Corp increased its position in shares of Valmont Industries by 39.3% during the second 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. raised its stake in shares of Valmont Industries by 69.0% during the first quarter. Vaughan Nelson Investment Management L.P. now owns 161,605 shares of the industrial products company's stock valued at $36,891,000 after acquiring an additional 65,970 shares in the last quarter. Institutional investors own 87.84% of the company's stock.

Valmont Industries Stock Down 0.2 %

NYSE:VMI traded down $0.58 during trading hours on Wednesday, reaching $286.93. The company's stock had a trading volume of 71,541 shares, compared to its average volume of 159,563. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.63 and a current ratio of 2.53. The company has a market capitalization of $5.79 billion, a P/E ratio of 37.80 and a beta of 1.02. The stock has a 50 day moving average price of $282.92 and a two-hundred day moving average price of $259.78. Valmont Industries, Inc. has a 12 month low of $188.63 and a 12 month high of $307.67.

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

Valmont Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Friday, September 27th will be paid a dividend of $0.60 per share. The ex-dividend date is Friday, September 27th. This represents a $2.40 annualized dividend and a dividend yield of 0.84%. Valmont Industries's dividend payout ratio (DPR) is presently 31.62%.

Insider Activity at Valmont Industries

In other Valmont Industries news, Director Theodor Werner Freye sold 1,600 shares of Valmont Industries stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $300.12, for a total transaction of $480,192.00. Following the completion of the sale, the director now owns 3,685 shares of the company's stock, valued at approximately $1,105,942.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, Director Theodor Werner Freye sold 1,600 shares of the stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $300.12, for a total transaction of $480,192.00. Following the sale, the director now directly owns 3,685 shares of the company's stock, valued at approximately $1,105,942.20. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Timothy P. Francis sold 2,300 shares of Valmont Industries stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $298.49, for a total transaction of $686,527.00. Following the completion of the sale, the chief financial officer now owns 9,471 shares in the company, valued at approximately $2,826,998.79. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. StockNews.com raised Valmont Industries from a "buy" rating to a "strong-buy" rating in a research note on Monday, August 12th. DA Davidson increased their price target on Valmont Industries from $300.00 to $340.00 and gave the stock a "buy" rating in a research report on Friday, July 26th. Finally, Stifel Nicolaus lifted their price objective on Valmont Industries from $285.00 to $325.00 and gave the company a "buy" rating in a report on Thursday, July 18th. One equities research analyst has rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Valmont Industries presently has a consensus rating of "Buy" and a consensus price target of $332.50.

Valmont Industries Company 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.