Valmont Industries, Inc. (NYSE:VMI) Stake Boosted by Leeward Investments LLC MA

Leeward Investments LLC MA raised its holdings in shares of Valmont Industries, Inc. (NYSE:VMI) by 13.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 61,274 shares of the industrial products company’s stock after purchasing an additional 7,154 shares during the period. Leeward Investments LLC MA owned about 0.30% of Valmont Industries worth $17,766,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. GAMMA Investing LLC grew its position in shares of Valmont Industries by 117.4% during the 3rd quarter. GAMMA Investing LLC now owns 100 shares of the industrial products company’s stock valued at $29,000 after buying an additional 54 shares during the last quarter. Mather Group LLC. grew its holdings in shares of Valmont Industries by 2,060.0% during the second quarter. Mather Group LLC. now owns 108 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 103 shares during the last quarter. Exchange Traded Concepts LLC bought a new position in Valmont Industries during the 3rd quarter worth $39,000. Quarry LP increased its holdings 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 worth $50,000 after acquiring an additional 134 shares during the period. Finally, Versant Capital Management Inc bought a new position in Valmont Industries in the 2nd quarter worth about $52,000. 87.84% of the stock is owned by institutional investors and hedge funds.

Valmont Industries Price Performance

Shares of NYSE:VMI opened at $349.20 on Thursday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.55 and a current ratio of 2.35. The company has a market capitalization of $7.00 billion, a PE ratio of 23.72 and a beta of 1.02. The stock has a fifty day moving average of $294.30 and a 200-day moving average of $275.42. Valmont Industries, Inc. has a one year low of $192.94 and a one year high of $352.57.

Valmont Industries (NYSE:VMI) last issued its earnings results on Tuesday, October 22nd. The industrial products company reported $4.11 earnings per share (EPS) for the quarter, beating 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 company had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.02 billion. During the same quarter last year, the business posted $4.12 EPS. The company’s revenue for the quarter was down 2.9% on a year-over-year basis. As a group, equities analysts anticipate that Valmont Industries, Inc. will post 16.84 EPS for the current fiscal year.

Valmont Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Friday, December 27th will be issued a $0.60 dividend. The ex-dividend date is Friday, December 27th. This represents a $2.40 dividend on an annualized basis and a yield of 0.69%. Valmont Industries’s dividend payout ratio is currently 16.30%.

Insider Activity at Valmont Industries

In other news, Director Mogens C. Bay sold 17,000 shares of the firm’s stock in a transaction on Friday, October 25th. The shares were sold at an average price of $316.48, for a total transaction of $5,380,160.00. Following the transaction, the director now owns 154,730 shares in the company, valued at approximately $48,968,950.40. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Valmont Industries news, Director Mogens C. Bay sold 17,000 shares of the business’s stock in a transaction on Friday, October 25th. The shares were sold at an average price of $316.48, for a total transaction of $5,380,160.00. Following the completion of the transaction, the director now owns 154,730 shares of the company’s stock, valued at $48,968,950.40. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP R Andrew Massey sold 3,977 shares of Valmont Industries stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $315.00, for a total value of $1,252,755.00. Following the completion of the transaction, the vice president now owns 9,408 shares in the company, valued at $2,963,520. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.00% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on VMI. StockNews.com raised Valmont Industries from a “buy” rating to a “strong-buy” rating in a research note on Monday, August 12th. DA Davidson raised their target price on shares of Valmont Industries from $340.00 to $380.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Finally, Stifel Nicolaus increased their price objective on shares of Valmont Industries from $350.00 to $360.00 and gave the company a “buy” rating in a report on Thursday, October 24th.

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.