Royce & Associates LP Acquires 910 Shares of Valmont Industries, Inc. (NYSE:VMI)

Royce & Associates LP raised its holdings in shares of Valmont Industries, Inc. (NYSE:VMI) by 0.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 200,388 shares of the industrial products company’s stock after purchasing an additional 910 shares during the period. Royce & Associates LP owned 1.00% of Valmont Industries worth $58,103,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. GAMMA Investing LLC boosted its holdings in Valmont Industries by 117.4% in the third quarter. GAMMA Investing LLC now owns 100 shares of the industrial products company’s stock valued at $29,000 after acquiring an additional 54 shares in the last quarter. Mather Group LLC. boosted its position 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 in the last quarter. Exchange Traded Concepts LLC bought a new position in Valmont Industries in the third quarter worth $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 worth $50,000 after acquiring an additional 134 shares in the last quarter. Finally, Versant Capital Management Inc bought a new stake in Valmont Industries during the second quarter worth about $52,000. 87.84% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Valmont Industries Price Performance

NYSE VMI opened at $340.01 on Friday. 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 $6.81 billion, a price-to-earnings ratio of 23.10 and a beta of 1.02. The stock has a 50-day moving average of $302.08 and a 200 day moving average of $280.45. Valmont Industries, Inc. has a one year low of $202.01 and a one year high of $352.57.

Valmont Industries (NYSE:VMI) last released its quarterly earnings data on Tuesday, October 22nd. The industrial products company reported $4.11 earnings per share for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $1.02 billion. During the same period in the previous year, the company earned $4.12 earnings per share. The firm’s quarterly revenue was down 2.9% on a year-over-year basis. On average, sell-side analysts forecast that Valmont Industries, Inc. will post 16.86 EPS for the current year.

Valmont Industries Dividend Announcement

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. The ex-dividend date of this dividend is Friday, December 27th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.71%. Valmont Industries’s dividend payout ratio (DPR) is currently 16.30%.

Insider Buying and Selling

In other Valmont Industries news, Director Mogens C. Bay sold 17,000 shares of the firm’s stock in a transaction that occurred 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 sale, the director now owns 154,730 shares in the company, valued at approximately $48,968,950.40. This trade represents a 9.90 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP R Andrew Massey sold 3,977 shares of the firm’s stock in a transaction on Friday, October 25th. The shares were sold at an average price of $315.00, for a total transaction of $1,252,755.00. Following the sale, the vice president now owns 9,408 shares in the company, valued at $2,963,520. The trade was a 29.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by corporate insiders.

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.