Valmont Industries, Inc. (NYSE:VMI) Shares Purchased by D.A. Davidson & CO.

D.A. Davidson & CO. lifted its holdings in Valmont Industries, Inc. (NYSE:VMI) by 30.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,709 shares of the industrial products company’s stock after purchasing an additional 10,120 shares during the quarter. D.A. Davidson & CO.’s holdings in Valmont Industries were worth $12,674,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Mather Group LLC. boosted its position in shares of Valmont Industries by 2,060.0% in the 2nd quarter. Mather Group LLC. now owns 108 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 103 shares in the last quarter. Harbor Capital Advisors Inc. boosted its position in shares of Valmont Industries by 292.4% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 3,386 shares of the industrial products company’s stock worth $929,000 after purchasing an additional 2,523 shares in the last quarter. Vaughan Nelson Investment Management L.P. boosted its position in shares of Valmont Industries by 14.4% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 184,880 shares of the industrial products company’s stock worth $50,740,000 after purchasing an additional 23,275 shares in the last quarter. Foundry Partners LLC acquired a new stake in shares of Valmont Industries in the 3rd quarter worth $4,158,000. Finally, Ecofi Investissements SA acquired a new stake in shares of Valmont Industries in the 2nd quarter worth $3,238,000. Institutional investors and hedge funds own 87.84% of the company’s stock.

Insider Buying and Selling at Valmont Industries

In other Valmont Industries news, Director Mogens C. Bay sold 17,000 shares of Valmont Industries stock in a transaction dated Friday, October 25th. The stock was 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 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 filing with the SEC, which is accessible through this link. Also, VP R Andrew Massey sold 3,977 shares of the firm’s stock in a transaction dated 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 owns 9,408 shares in the company, valued at $2,963,520. This trade represents a 29.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 21,977 shares of company stock worth $6,971,695. Insiders own 1.90% of the company’s stock.

Valmont Industries Stock Performance

Shares of VMI stock opened at $351.97 on Wednesday. The firm has a market capitalization of $7.05 billion, a price-to-earnings ratio of 23.91 and a beta of 1.02. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.35 and a quick ratio of 1.55. The business has a fifty day moving average of $311.99 and a 200 day moving average of $286.33. Valmont Industries, Inc. has a 1 year low of $202.01 and a 1 year high of $353.19.

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 analysts’ consensus estimates of $4.00 by $0.11. The business had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.02 billion. Valmont Industries had a return on equity of 23.10% and a net margin of 7.38%. The company’s revenue was down 2.9% on a year-over-year basis. During the same quarter last year, the business posted $4.12 EPS. As a group, research analysts expect that Valmont Industries, Inc. will post 16.86 earnings per share for the current year.

Valmont Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Friday, December 27th will be paid a dividend of $0.60 per share. 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 0.68%. Valmont Industries’s payout ratio is currently 16.30%.

Analyst Ratings Changes

A number of brokerages recently issued reports on VMI. StockNews.com upgraded 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 Valmont Industries from $340.00 to $380.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Finally, Stifel Nicolaus raised their target price on Valmont Industries from $350.00 to $360.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th.

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.