Allen Mooney & Barnes Investment Advisors LLC Decreases Stock Position in Valmont Industries, Inc. (NYSE:VMI)

Allen Mooney & Barnes Investment Advisors LLC lessened its stake in shares of Valmont Industries, Inc. (NYSE:VMI) by 1.7% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,594 shares of the industrial products company’s stock after selling 44 shares during the period. Allen Mooney & Barnes Investment Advisors LLC’s holdings in Valmont Industries were worth $752,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the company. Earnest Partners LLC bought a new stake in Valmont Industries in the 2nd quarter worth approximately $91,878,000. Sei Investments Co. increased its position in Valmont Industries by 794.2% in the second quarter. Sei Investments Co. now owns 198,116 shares of the industrial products company’s stock worth $54,373,000 after purchasing an additional 175,961 shares during the last quarter. Wellington Management Group LLP bought a new stake in Valmont Industries in the fourth quarter worth $21,669,000. Bank of New York Mellon Corp raised its stake in 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 valued at $71,040,000 after purchasing an additional 73,084 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. lifted its position in 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 purchasing an additional 65,970 shares during the last quarter. Hedge funds and other institutional investors own 87.84% of the company’s stock.

Valmont Industries Stock Performance

Shares of NYSE:VMI opened at $303.68 on Tuesday. 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 12 month low of $188.63 and a 12 month high of $307.67. The company has a market capitalization of $6.13 billion, a price-to-earnings ratio of 40.01 and a beta of 1.02. The firm’s 50-day moving average is $282.85 and its 200 day moving average is $264.27.

Valmont Industries (NYSE:VMI) last released its earnings results on Wednesday, July 24th. The industrial products company reported $4.76 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $1.06 billion. Research analysts predict that Valmont Industries, Inc. will post 16.76 EPS for the current year.

Valmont Industries Dividend Announcement

The business also recently declared 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 0.79%. The ex-dividend date of this dividend is Friday, September 27th. Valmont Industries’s dividend payout ratio is presently 31.62%.

Insider Activity at Valmont Industries

In other Valmont Industries news, Director Theodor Werner Freye sold 1,600 shares of the firm’s 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 in the company, valued at $1,105,942.20. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, 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 value of $480,192.00. Following the transaction, the director now directly owns 3,685 shares in the company, valued at approximately $1,105,942.20. This trade represents a 0.00 % decrease in their position. 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 the company’s 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 sale, the chief financial officer now owns 9,471 shares of the company’s stock, valued at $2,826,998.79. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.00% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on VMI. StockNews.com upgraded shares of Valmont Industries from a “buy” rating to a “strong-buy” rating in a research report on Monday, August 12th. DA Davidson upped their price objective on Valmont Industries from $300.00 to $340.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Finally, Stifel Nicolaus lifted 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 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. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $332.50.

About Valmont Industries

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.