MQS Management LLC Takes Position in Valmont Industries, Inc. (NYSE:VMI)

MQS Management LLC bought a new stake in Valmont Industries, Inc. (NYSE:VMI) in the third quarter, HoldingsChannel reports. The fund bought 810 shares of the industrial products company’s stock, valued at approximately $235,000.

Other large investors have also modified their holdings of the company. Mather Group LLC. grew its stake in shares of Valmont Industries by 2,060.0% in the second quarter. Mather Group LLC. now owns 108 shares of the industrial products company’s stock valued at $30,000 after buying an additional 103 shares in the last quarter. Harbor Capital Advisors Inc. boosted its holdings in Valmont Industries by 292.4% in the second quarter. Harbor Capital Advisors Inc. now owns 3,386 shares of the industrial products company’s stock valued at $929,000 after purchasing an additional 2,523 shares during the last quarter. Vaughan Nelson Investment Management L.P. boosted its holdings in Valmont Industries by 14.4% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 184,880 shares of the industrial products company’s stock valued at $50,740,000 after purchasing an additional 23,275 shares during the last quarter. Seven Eight Capital LP purchased a new position in Valmont Industries in the first quarter valued at about $636,000. Finally, Entropy Technologies LP purchased a new position in Valmont Industries in the first quarter valued at about $327,000. Institutional investors and hedge funds own 87.84% of the company’s stock.

Insider Buying and Selling

In related news, Director Mogens C. Bay sold 17,000 shares of the firm’s stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $316.48, for a total value of $5,380,160.00. Following the sale, the director now directly owns 154,730 shares in the company, valued at $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 available through this hyperlink. Also, VP R Andrew Massey sold 3,977 shares of the firm’s stock in a transaction that occurred on 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 completion of the sale, the vice president now owns 9,408 shares in the company, valued at approximately $2,963,520. This represents a 29.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 2.00% of the company’s stock.

Analysts Set New Price Targets

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

Valmont Industries Trading Down 0.7 %

NYSE:VMI opened at $337.67 on Friday. The company has a quick ratio of 1.55, a current ratio of 2.35 and a debt-to-equity ratio of 0.58. The business’s 50 day moving average is $303.51 and its two-hundred day moving average is $281.34. Valmont Industries, Inc. has a 52 week low of $202.01 and a 52 week high of $352.57. The company has a market cap of $6.76 billion, a PE ratio of 22.94 and a beta of 1.02.

Valmont Industries (NYSE:VMI) last released its 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 return on equity of 23.10% and a net margin of 7.38%. The company had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter last year, the business posted $4.12 EPS. Valmont Industries’s quarterly revenue was down 2.9% compared to the same quarter last year. On average, analysts predict that Valmont Industries, Inc. will post 16.86 EPS for the current year.

Valmont Industries Dividend Announcement

The business also recently declared 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. This represents a $2.40 annualized dividend and a dividend yield of 0.71%. The ex-dividend date is Friday, December 27th. Valmont Industries’s dividend payout ratio (DPR) is 16.30%.

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.