Signaturefd LLC Acquires 56 Shares of Valmont Industries, Inc. (NYSE:VMI)

Signaturefd LLC increased its position in shares of Valmont Industries, Inc. (NYSE:VMI) by 35.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 214 shares of the industrial products company’s stock after purchasing an additional 56 shares during the period. Signaturefd LLC’s holdings in Valmont Industries were worth $62,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of VMI. Earnest Partners LLC bought a new stake in shares of Valmont Industries during the 2nd quarter valued at $91,878,000. Sei Investments Co. raised its position in shares of Valmont Industries by 794.2% during the 2nd quarter. Sei Investments Co. now owns 198,116 shares of the industrial products company’s stock valued at $54,373,000 after purchasing an additional 175,961 shares during the period. Bank of New York Mellon Corp raised its position in shares of Valmont Industries by 39.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 258,845 shares of the industrial products company’s stock valued at $71,040,000 after purchasing an additional 73,084 shares during the period. SageView Advisory Group LLC bought a new stake in shares of Valmont Industries during the 1st quarter valued at $8,776,000. Finally, Natixis Advisors LLC raised its position in shares of Valmont Industries by 113.5% during the 2nd quarter. Natixis Advisors LLC now owns 71,620 shares of the industrial products company’s stock valued at $19,656,000 after purchasing an additional 38,080 shares during the period. 87.84% of the stock is currently owned by institutional investors.

Insider Activity at Valmont Industries

In related news, VP R Andrew Massey sold 3,977 shares of Valmont Industries stock in a transaction dated 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 completion of the sale, the vice president now owns 9,408 shares in the company, valued at $2,963,520. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, Director Mogens C. Bay sold 17,000 shares of Valmont Industries stock in a transaction dated 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 sale, the director now owns 154,730 shares in the company, valued at $48,968,950.40. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP R Andrew Massey sold 3,977 shares of the business’s stock in a transaction dated 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 completion of the sale, the vice president now owns 9,408 shares of the company’s stock, valued at approximately $2,963,520. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.90% of the stock is currently owned by company insiders.

Valmont Industries Price Performance

VMI stock opened at $319.35 on Wednesday. Valmont Industries, Inc. has a 12 month low of $189.05 and a 12 month high of $330.97. The company has a current ratio of 2.35, a quick ratio of 1.55 and a debt-to-equity ratio of 0.58. The company has a 50-day moving average price of $289.78 and a 200 day moving average price of $271.21. The stock has a market cap of $6.44 billion, a PE ratio of 21.69 and a beta of 1.02.

Valmont Industries (NYSE:VMI) last released its quarterly earnings results on Tuesday, October 22nd. The industrial products company reported $4.11 EPS for the quarter, topping 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 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 EPS. The firm’s revenue for the quarter was down 2.9% compared to the same quarter last year. Equities research analysts anticipate that Valmont Industries, Inc. will post 16.84 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. Investors of record on Friday, December 27th will be issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 0.75%. Valmont Industries’s payout ratio is 16.30%.

Analysts Set New Price Targets

VMI has been the topic of several recent analyst reports. Stifel Nicolaus raised their price objective on shares of Valmont Industries from $350.00 to $360.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. 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, StockNews.com raised shares of Valmont Industries from a “buy” rating to a “strong-buy” rating in a research note on Monday, August 12th.

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.