Quantbot Technologies LP Invests $2.59 Million in Valmont Industries, Inc. (NYSE:VMI)

Quantbot Technologies LP bought a new stake in shares of Valmont Industries, Inc. (NYSE:VMI) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 8,926 shares of the industrial products company’s stock, valued at approximately $2,588,000.

A number of other institutional investors have also recently added to or reduced their stakes in VMI. Tidal Investments LLC grew its position in shares of Valmont Industries by 8.6% in the first quarter. Tidal Investments LLC now owns 3,186 shares of the industrial products company’s stock valued at $727,000 after purchasing an additional 253 shares during the period. Comerica Bank boosted its holdings in Valmont Industries by 81.9% in the 1st quarter. Comerica Bank now owns 19,397 shares of the industrial products company’s stock worth $4,428,000 after buying an additional 8,731 shares during the last quarter. Cetera Investment Advisers acquired a new stake in Valmont Industries in the 1st quarter worth about $1,796,000. Moody National Bank Trust Division increased its stake in Valmont Industries by 460.2% during the 2nd quarter. Moody National Bank Trust Division now owns 6,173 shares of the industrial products company’s stock worth $1,694,000 after buying an additional 5,071 shares in the last quarter. Finally, Versant Capital Management Inc purchased a new position in shares of Valmont Industries in the second quarter valued at approximately $52,000. Institutional investors and hedge funds own 87.84% of the company’s stock.

Insider Transactions at Valmont Industries

In other news, VP R Andrew Massey sold 3,977 shares of the company’s stock in a transaction on Friday, October 25th. The stock was sold at an average price of $315.00, for a total value of $1,252,755.00. Following the transaction, the vice president now owns 9,408 shares of the company’s stock, valued at $2,963,520. This represents a 29.71 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Daas Kaj Den sold 1,000 shares of the firm’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $338.78, for a total value of $338,780.00. Following the sale, the director now directly owns 8,644 shares of the company’s stock, valued at $2,928,414.32. The trade was a 10.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 21,977 shares of company stock worth $6,971,695 in the last 90 days. Insiders own 2.00% of the company’s stock.

Wall Street Analysts Forecast Growth

VMI has been the subject of several research reports. StockNews.com upgraded Valmont Industries from a “buy” rating to a “strong-buy” rating in a research report on Monday, August 12th. Stifel Nicolaus lifted their target price on shares of Valmont Industries from $350.00 to $360.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Finally, DA Davidson raised their price target on shares of Valmont Industries from $340.00 to $380.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th.

Valmont Industries Stock Performance

Shares of Valmont Industries stock opened at $352.14 on Thursday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.55 and a current ratio of 2.35. The business’s 50 day moving average price is $313.45 and its 200 day moving average price is $286.97. The company has a market cap of $7.06 billion, a price-to-earnings ratio of 23.92 and a beta of 1.02. Valmont Industries, Inc. has a one year low of $202.01 and a one year high of $354.13.

Valmont Industries (NYSE:VMI) last posted its quarterly earnings results on Tuesday, October 22nd. The industrial products company reported $4.11 EPS for the quarter, topping the consensus estimate of $4.00 by $0.11. Valmont Industries had a return on equity of 23.10% and a net margin of 7.38%. The business had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same quarter in the previous year, the firm earned $4.12 EPS. The company’s quarterly revenue was down 2.9% compared to the same quarter last year. On average, research analysts predict that Valmont Industries, Inc. will post 16.86 EPS for the current year.

Valmont Industries Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Friday, December 27th will be paid a $0.60 dividend. The ex-dividend date of this dividend is Friday, December 27th. This represents a $2.40 annualized dividend and a dividend yield of 0.68%. Valmont Industries’s dividend payout ratio (DPR) is 16.30%.

Valmont Industries Company 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.