Olympiad Research LP Buys New Shares in Valmont Industries, Inc. (NYSE:VMI)

Olympiad Research LP bought a new stake in shares of Valmont Industries, Inc. (NYSE:VMI) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 825 shares of the industrial products company’s stock, valued at approximately $253,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Foundry Partners LLC bought a new stake in Valmont Industries during the third quarter valued at about $4,158,000. Covea Finance raised its holdings in Valmont Industries by 29.9% during the fourth quarter. Covea Finance now owns 15,200 shares of the industrial products company’s stock valued at $4,661,000 after acquiring an additional 3,500 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new stake in Valmont Industries during the third quarter valued at about $466,000. De Lisle Partners LLP raised its holdings in 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 acquiring an additional 5,800 shares during the period. Finally, Vaughan Nelson Investment Management L.P. raised its holdings in Valmont Industries by 12.9% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 208,645 shares of the industrial products company’s stock valued at $60,497,000 after acquiring an additional 23,765 shares during the period. 87.84% of the stock is currently owned by hedge funds and other institutional investors.

Valmont Industries Stock Down 3.8 %

Shares of NYSE:VMI opened at $349.17 on Monday. Valmont Industries, Inc. has a 1 year low of $202.01 and a 1 year high of $379.22. The business has a 50 day simple moving average of $324.10 and a two-hundred day simple moving average of $312.69. The firm has a market capitalization of $6.99 billion, a PE ratio of 20.32 and a beta of 1.05. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.07 and a quick ratio of 1.55.

Valmont Industries (NYSE:VMI) last announced its earnings results on Tuesday, February 18th. The industrial products company reported $3.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.63 by $0.21. The business had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.01 billion. Valmont Industries had a return on equity of 23.15% and a net margin of 8.55%. During the same quarter in the previous year, the business earned $3.18 earnings per share. On average, equities analysts predict that Valmont Industries, Inc. will post 18.07 EPS for the current year.

Valmont Industries Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Friday, March 28th will be issued a dividend of $0.68 per share. The ex-dividend date of this dividend is Friday, March 28th. This represents a $2.72 dividend on an annualized basis and a yield of 0.78%. This is a positive change from Valmont Industries’s previous quarterly dividend of $0.60. Valmont Industries’s dividend payout ratio is currently 13.97%.

Insiders Place Their Bets

In other news, Director Mogens C. Bay sold 20,000 shares of the company’s stock in a transaction on 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 transaction, the director now directly owns 131,730 shares of the company’s stock, valued at approximately $45,963,231.60. This represents a 13.18 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.00% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have commented on VMI. DA Davidson cut Valmont Industries from a “buy” rating to a “neutral” rating and set a $380.00 price target on the stock. in a report on Wednesday, February 19th. StockNews.com cut Valmont Industries from a “strong-buy” rating to a “buy” rating in a report on Wednesday, February 19th. Finally, Stifel Nicolaus lifted their target price on Valmont Industries from $387.00 to $425.00 and gave the stock a “buy” rating in a report on Wednesday, February 19th.

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.