Valmont Industries, Inc. (NYSE:VMI) Stake Boosted by Quantinno Capital Management LP

Quantinno Capital Management LP raised its holdings in shares of Valmont Industries, Inc. (NYSE:VMI) by 30.3% in the 3rd quarter, Holdings Channel reports. The firm owned 10,773 shares of the industrial products company’s stock after purchasing an additional 2,503 shares during the quarter. Quantinno Capital Management LP’s holdings in Valmont Industries were worth $3,124,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of VMI. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Valmont Industries during the 3rd quarter valued at about $466,000. Foundry Partners LLC acquired a new position in Valmont Industries in the third quarter valued at approximately $4,158,000. De Lisle Partners LLP grew its holdings in shares of Valmont Industries by 44.6% during the third quarter. De Lisle Partners LLP now owns 18,800 shares of the industrial products company’s stock valued at $5,454,000 after purchasing an additional 5,800 shares during the last quarter. Vaughan Nelson Investment Management L.P. raised its position in shares of Valmont Industries by 14.4% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 184,880 shares of the industrial products company’s stock worth $50,740,000 after purchasing an additional 23,275 shares during the period. Finally, Global Alpha Capital Management Ltd. lifted its holdings in shares of Valmont Industries by 69.9% in the 3rd quarter. Global Alpha Capital Management Ltd. now owns 7,287 shares of the industrial products company’s stock worth $2,113,000 after purchasing an additional 2,997 shares during the last quarter. 87.84% of the stock is owned by institutional investors and hedge funds.

Valmont Industries Trading Down 0.3 %

Shares of NYSE:VMI opened at $337.30 on Tuesday. Valmont Industries, Inc. has a twelve month low of $202.01 and a twelve month high of $354.13. The firm has a market cap of $6.76 billion, a P/E ratio of 22.91 and a beta of 1.03. The company has a 50 day moving average of $324.40 and a 200-day moving average of $292.55. The company has a current ratio of 2.35, a quick ratio of 1.55 and a debt-to-equity ratio of 0.58.

Valmont Industries (NYSE:VMI) last issued its quarterly earnings results on Tuesday, October 22nd. The industrial products company reported $4.11 EPS for the quarter, topping the consensus estimate of $4.00 by $0.11. Valmont Industries had a net margin of 7.38% and a return on equity of 23.10%. The firm had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $1.02 billion. During the same period in the previous year, the business earned $4.12 earnings per share. Valmont Industries’s revenue for the quarter was down 2.9% compared to the same quarter last year. As a group, analysts anticipate that Valmont Industries, Inc. will post 16.86 earnings per share for the current fiscal year.

Valmont Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Friday, December 27th will be given a $0.60 dividend. The ex-dividend date of this dividend is Friday, December 27th. This represents a $2.40 annualized dividend and a yield of 0.71%. Valmont Industries’s dividend payout ratio (DPR) is 16.30%.

Analyst Ratings Changes

A number of research analysts recently commented on VMI shares. DA Davidson upped their price objective on Valmont Industries from $340.00 to $380.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. StockNews.com upgraded shares of Valmont Industries from a “buy” rating to a “strong-buy” rating in a research report on Monday, August 12th. Finally, Stifel Nicolaus lifted their price objective on shares of Valmont Industries from $350.00 to $360.00 and gave the company a “buy” rating in a research report on Thursday, October 24th.

Insider Buying and Selling at Valmont Industries

In other Valmont Industries news, Director Daas Kaj Den sold 1,000 shares of the business’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $338.78, for a total transaction of $338,780.00. Following the sale, the director now owns 8,644 shares in the company, valued at approximately $2,928,414.32. The trade was a 10.37 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Mogens C. Bay sold 20,000 shares of the firm’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $348.92, for a total transaction of $6,978,400.00. Following the completion of the transaction, the director now owns 131,730 shares of the company’s stock, valued at approximately $45,963,231.60. The trade was a 13.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 41,977 shares of company stock valued at $13,950,095. Corporate insiders own 2.00% of the company’s stock.

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.