CHICAGO TRUST Co NA Purchases Shares of 670 Valmont Industries, Inc. (NYSE:VMI)

CHICAGO TRUST Co NA acquired a new position in Valmont Industries, Inc. (NYSE:VMI) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 670 shares of the industrial products company’s stock, valued at approximately $205,000.

Several other large investors have also modified their holdings of the company. Nordea Investment Management AB boosted its holdings in Valmont Industries by 16.9% during the fourth quarter. Nordea Investment Management AB now owns 17,421 shares of the industrial products company’s stock valued at $5,326,000 after acquiring an additional 2,521 shares during the period. JPMorgan Chase & Co. boosted its stake in Valmont Industries by 9.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 292,901 shares of the industrial products company’s stock valued at $84,927,000 after purchasing an additional 24,224 shares during the period. Franklin Resources Inc. grew its holdings in Valmont Industries by 57.6% in the 3rd quarter. Franklin Resources Inc. now owns 407,308 shares of the industrial products company’s stock valued at $123,512,000 after buying an additional 148,811 shares during the last quarter. Synovus Financial Corp increased its position in Valmont Industries by 65.7% in the 3rd quarter. Synovus Financial Corp now owns 3,837 shares of the industrial products company’s stock worth $1,113,000 after buying an additional 1,522 shares during the period. Finally, Tidal Investments LLC lifted its holdings in shares of Valmont Industries by 12.2% during the third quarter. Tidal Investments LLC now owns 5,809 shares of the industrial products company’s stock worth $1,684,000 after buying an additional 633 shares during the last quarter. 87.84% of the stock is owned by institutional investors.

Valmont Industries Stock Performance

VMI opened at $306.73 on Tuesday. The stock’s 50 day simple moving average is $328.30 and its 200-day simple moving average is $301.37. The company has a current ratio of 2.35, a quick ratio of 1.55 and a debt-to-equity ratio of 0.58. The stock has a market cap of $6.15 billion, a PE ratio of 20.84 and a beta of 1.05. Valmont Industries, Inc. has a 1 year low of $202.01 and a 1 year high of $354.13.

Valmont Industries (NYSE:VMI) last posted its quarterly earnings results on Tuesday, October 22nd. The industrial products company reported $4.11 earnings per share for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $1.02 billion. During the same quarter in the previous year, the company earned $4.12 earnings per share. The business’s revenue was down 2.9% compared to the same quarter last year. Sell-side analysts forecast that Valmont Industries, Inc. will post 16.85 EPS for the current year.

Valmont Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Friday, December 27th will be given a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 0.78%. The ex-dividend date of this dividend is Friday, December 27th. Valmont Industries’s dividend payout ratio (DPR) is presently 16.30%.

Insiders Place Their Bets

In other news, Director Mogens C. Bay sold 17,000 shares of the stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $316.48, for a total value of $5,380,160.00. Following the completion of the transaction, the director now directly owns 154,730 shares of the company’s stock, valued at approximately $48,968,950.40. This represents a 9.90 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Daas Kaj Den sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $338.78, for a total value of $338,780.00. Following the transaction, the director now owns 8,644 shares of the company’s stock, valued at $2,928,414.32. This trade represents a 10.37 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 41,977 shares of company stock worth $13,950,095 over the last quarter. Company insiders own 2.00% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on VMI. Stifel Nicolaus boosted their target price on shares of Valmont Industries from $360.00 to $382.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. DA Davidson boosted their price objective 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.

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.