Sei Investments Co. Purchases 175,961 Shares of Valmont Industries, Inc. (NYSE:VMI)

Sei Investments Co. lifted its position in Valmont Industries, Inc. (NYSE:VMI) by 794.2% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 198,116 shares of the industrial products company’s stock after buying an additional 175,961 shares during the period. Sei Investments Co. owned about 0.98% of Valmont Industries worth $54,373,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in VMI. Mather Group LLC. increased its holdings in shares of Valmont Industries by 2,060.0% in the second quarter. Mather Group LLC. now owns 108 shares of the industrial products company’s stock worth $30,000 after acquiring an additional 103 shares in the last quarter. Versant Capital Management Inc bought a new stake in Valmont Industries during the 2nd quarter worth approximately $52,000. First Horizon Advisors Inc. raised its holdings in Valmont Industries by 58.0% during the 2nd quarter. First Horizon Advisors Inc. now owns 248 shares of the industrial products company’s stock worth $68,000 after buying an additional 91 shares during the period. Meeder Asset Management Inc. bought a new position in Valmont Industries in the first quarter valued at approximately $66,000. Finally, Quest Partners LLC acquired a new position in shares of Valmont Industries in the fourth quarter valued at approximately $105,000. Institutional investors and hedge funds own 87.84% of the company’s stock.

Valmont Industries Stock Down 0.8 %

Shares of VMI stock opened at $282.08 on Monday. The firm’s fifty day moving average price is $281.62 and its two-hundred day moving average price is $255.98. The company has a current ratio of 2.53, a quick ratio of 1.63 and a debt-to-equity ratio of 0.69. Valmont Industries, Inc. has a 1 year low of $188.63 and a 1 year high of $307.67. The firm has a market capitalization of $5.70 billion, a P/E ratio of 37.16 and a beta of 1.03.

Valmont Industries (NYSE:VMI) last released its earnings results on Wednesday, July 24th. The industrial products company reported $4.76 earnings per share (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 business had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.06 billion. On average, equities analysts predict that Valmont Industries, Inc. will post 16.76 EPS for the current fiscal year.

Valmont Industries Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Friday, September 27th will be paid a $0.60 dividend. The ex-dividend date of this dividend is Friday, September 27th. This represents a $2.40 annualized dividend and a dividend yield of 0.85%. Valmont Industries’s dividend payout ratio is presently 31.62%.

Wall Street Analysts Forecast Growth

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

Insider Activity at Valmont Industries

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

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.