Bradley Foster & Sargent Inc. CT Purchases Shares of 5,545 Valmont Industries, Inc. (NYSE:VMI)

Bradley Foster & Sargent Inc. CT purchased a new stake in shares of Valmont Industries, Inc. (NYSE:VMI) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 5,545 shares of the industrial products company’s stock, valued at approximately $1,522,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in VMI. Mather Group LLC. grew its holdings in 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. Versant Capital Management Inc acquired a new stake in shares of Valmont Industries in the second quarter worth $52,000. Principal Securities Inc. acquired a new stake in shares of Valmont Industries in the fourth quarter worth $57,000. Meeder Asset Management Inc. acquired a new stake in shares of Valmont Industries in the first quarter worth $66,000. Finally, First Horizon Advisors Inc. grew its stake in shares of Valmont Industries by 58.0% in the second quarter. First Horizon Advisors Inc. now owns 248 shares of the industrial products company’s stock worth $68,000 after acquiring an additional 91 shares during the last quarter. Institutional investors and hedge funds own 87.84% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Stifel Nicolaus raised their price objective on shares of Valmont Industries from $285.00 to $325.00 and gave the stock a “buy” rating in a research note on Thursday, July 18th. StockNews.com upgraded shares of Valmont Industries from a “buy” rating to a “strong-buy” rating in a research note on Monday, August 12th. Finally, DA Davidson raised their price objective on shares of Valmont Industries from $300.00 to $340.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. One equities research analyst has rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $332.50.

Valmont Industries Trading Up 0.2 %

Shares of Valmont Industries stock opened at $279.60 on Thursday. The firm has a market capitalization of $5.65 billion, a PE ratio of 36.84 and a beta of 1.03. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.53 and a quick ratio of 1.63. The company’s fifty day moving average price is $280.92 and its two-hundred day moving average price is $254.42. Valmont Industries, Inc. has a 52-week low of $188.63 and a 52-week high of $307.67.

Valmont Industries (NYSE:VMI) last announced its quarterly earnings results on Wednesday, July 24th. The industrial products company reported $4.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.04 by $0.72. The firm had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.06 billion. Valmont Industries had a net margin of 4.09% and a return on equity of 23.30%. On average, analysts expect that Valmont Industries, Inc. will post 16.76 EPS for the current year.

Valmont Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Friday, September 27th will be issued a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 0.86%. The ex-dividend date is Friday, September 27th. Valmont Industries’s dividend payout ratio (DPR) is presently 31.62%.

Insider Buying and Selling at Valmont Industries

In other news, Director Theodor Werner Freye sold 1,600 shares of the company’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $300.12, for a total value of $480,192.00. Following the sale, the director now owns 3,685 shares of the company’s stock, valued at approximately $1,105,942.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, CFO Timothy P. Francis sold 2,300 shares of the company’s stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $298.49, for a total value of $686,527.00. Following the sale, the chief financial officer now owns 9,471 shares of the company’s stock, valued at approximately $2,826,998.79. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Theodor Werner Freye sold 1,600 shares of the company’s stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $300.12, for a total transaction of $480,192.00. Following the completion of the sale, the director now directly owns 3,685 shares in the company, valued at approximately $1,105,942.20. The disclosure for this sale can be found here. Insiders own 2.00% of the company’s stock.

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.