Hanseatic Management Services Inc. Buys New Stake in Valmont Industries, Inc. (NYSE:VMI)

Hanseatic Management Services Inc. purchased a new position in Valmont Industries, Inc. (NYSE:VMI) in the third quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 226 shares of the industrial products company’s stock, valued at approximately $66,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Mather Group LLC. lifted its stake 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. Trillium Asset Management LLC lifted its stake in Valmont Industries by 5.0% during the first quarter. Trillium Asset Management LLC now owns 57,547 shares of the industrial products company’s stock valued at $13,137,000 after buying an additional 2,723 shares in the last quarter. Harbor Capital Advisors Inc. increased its position in shares of 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 worth $929,000 after acquiring an additional 2,523 shares in the last quarter. Vaughan Nelson Investment Management L.P. raised its stake in Valmont Industries by 14.4% during the 2nd 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 period. Finally, Seven Eight Capital LP purchased a new stake in shares of Valmont Industries in the first quarter valued at $636,000. 87.84% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Valmont Industries

In related news, Director Mogens C. Bay sold 17,000 shares of the company’s stock in a transaction 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 completion of the transaction, the director now directly owns 154,730 shares in the company, valued at approximately $48,968,950.40. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Valmont Industries news, Director Mogens C. Bay sold 17,000 shares of Valmont Industries stock in a transaction that occurred on 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 sale, the director now directly owns 154,730 shares of the company’s stock, valued at approximately $48,968,950.40. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP R Andrew Massey sold 3,977 shares of Valmont Industries stock in a transaction 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 transaction, the vice president now directly owns 9,408 shares of the company’s stock, valued at approximately $2,963,520. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.00% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Stifel Nicolaus raised their price objective on Valmont Industries from $350.00 to $360.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. DA Davidson raised their price objective 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 upgraded shares of Valmont Industries from a “buy” rating to a “strong-buy” rating in a report on Monday, August 12th.

Valmont Industries Stock Up 7.0 %

Valmont Industries stock opened at $349.20 on Thursday. The firm has a market cap of $7.00 billion, a price-to-earnings ratio of 23.72 and a beta of 1.02. The firm has a fifty day moving average price of $294.30 and a two-hundred day moving average price of $275.42. Valmont Industries, Inc. has a fifty-two week low of $192.94 and a fifty-two week high of $352.57. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.35 and a quick ratio of 1.55.

Valmont Industries (NYSE:VMI) last released its earnings results on Tuesday, October 22nd. The industrial products company reported $4.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.00 by $0.11. The firm had revenue of $1.02 billion for 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 firm posted $4.12 EPS. As a group, analysts forecast that Valmont Industries, Inc. will post 16.84 earnings per share for the current year.

Valmont Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Friday, December 27th will be given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date of this dividend is Friday, December 27th. Valmont Industries’s dividend payout ratio is currently 16.30%.

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.