XTX Topco Ltd Buys New Position in Valmont Industries, Inc. (NYSE:VMI)

XTX Topco Ltd purchased a new stake in Valmont Industries, Inc. (NYSE:VMI) in the third quarter, HoldingsChannel.com reports. The institutional investor purchased 2,941 shares of the industrial products company’s stock, valued at approximately $853,000.

Other large investors have also added to or reduced their stakes in the company. GAMMA Investing LLC increased its position in Valmont Industries by 117.4% during the third quarter. GAMMA Investing LLC now owns 100 shares of the industrial products company’s stock worth $29,000 after acquiring an additional 54 shares during the period. Exchange Traded Concepts LLC bought a new position in Valmont Industries during the 3rd quarter worth approximately $39,000. Quarry LP increased its stake in shares of Valmont Industries by 268.0% in the 2nd quarter. Quarry LP now owns 184 shares of the industrial products company’s stock valued at $50,000 after acquiring an additional 134 shares in the last quarter. Point72 Asset Management L.P. bought a new stake in shares of Valmont Industries in the 3rd quarter valued at $58,000. Finally, Signaturefd LLC increased its stake in Valmont Industries by 35.4% during the 3rd quarter. Signaturefd LLC now owns 214 shares of the industrial products company’s stock valued at $62,000 after purchasing an additional 56 shares in the last quarter. Institutional investors own 87.84% of the company’s stock.

Valmont Industries Stock Down 1.8 %

Shares of VMI opened at $331.29 on Wednesday. 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, Inc. has a 12-month low of $202.01 and a 12-month high of $354.13. The business’s 50 day moving average is $325.26 and its 200 day moving average is $293.10. The company has a market capitalization of $6.64 billion, a PE ratio of 22.51 and a beta of 1.03.

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

Valmont Industries Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Friday, December 27th will be paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date of this dividend is Friday, December 27th. Valmont Industries’s dividend payout ratio is presently 16.30%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on VMI shares. DA Davidson boosted their price target on shares of Valmont Industries from $340.00 to $380.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Stifel Nicolaus upped their target price on Valmont Industries from $350.00 to $360.00 and gave the company a “buy” rating in a report on Thursday, October 24th.

Insider Transactions at Valmont Industries

In other news, Director Daas Kaj Den sold 1,000 shares of the company’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 completion of the transaction, the director now directly owns 8,644 shares of the company’s stock, valued at approximately $2,928,414.32. This represents a 10.37 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP R Andrew Massey sold 3,977 shares of the company’s stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $315.00, for a total value of $1,252,755.00. Following the sale, the vice president now directly owns 9,408 shares of the company’s stock, valued at approximately $2,963,520. This represents a 29.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 41,977 shares of company stock valued at $13,950,095 over the last ninety days. 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.