Paloma Partners Management Co Makes New Investment in Valmont Industries, Inc. (NYSE:VMI)

Paloma Partners Management Co acquired a new stake in shares of Valmont Industries, Inc. (NYSE:VMI) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor acquired 1,081 shares of the industrial products company’s stock, valued at approximately $313,000.

Other large investors also recently modified their holdings of the company. Earnest Partners LLC purchased a new stake in Valmont Industries in the second quarter worth approximately $91,878,000. Sei Investments Co. grew its holdings 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 last quarter. Bank of New York Mellon Corp grew its holdings 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 last quarter. Natixis Advisors LLC grew its stake in shares of Valmont Industries by 113.5% during the second quarter. Natixis Advisors LLC now owns 71,620 shares of the industrial products company’s stock valued at $19,656,000 after buying an additional 38,080 shares during the last quarter. Finally, Segall Bryant & Hamill LLC increased its holdings in shares of Valmont Industries by 9.6% in the third quarter. Segall Bryant & Hamill LLC now owns 288,633 shares of the industrial products company’s stock worth $83,689,000 after buying an additional 25,237 shares during the period. 87.84% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Valmont Industries

In other news, Director Mogens C. Bay sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $348.92, for a total value of $6,978,400.00. Following the completion of the transaction, the director now owns 131,730 shares in the company, valued at $45,963,231.60. This trade represents a 13.18 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 completion of the sale, the vice president now directly owns 9,408 shares in the company, valued at approximately $2,963,520. The trade was a 29.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 41,977 shares of company stock valued at $13,950,095. Company insiders own 2.00% of the company’s stock.

Valmont Industries Stock Down 1.2 %

NYSE VMI opened at $345.42 on Friday. Valmont Industries, Inc. has a 1 year low of $202.01 and a 1 year high of $354.13. The stock has a market capitalization of $6.92 billion, a PE ratio of 23.47 and a beta of 1.03. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.35 and a quick ratio of 1.55. The business’s 50-day moving average is $321.33 and its 200 day moving average is $290.56.

Valmont Industries (NYSE:VMI) last issued its quarterly earnings data on Tuesday, October 22nd. The industrial products company reported $4.11 earnings per share for the quarter, topping 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 business’s quarterly revenue was down 2.9% compared to the same quarter last year. During the same period last year, the company earned $4.12 EPS. Sell-side analysts forecast that Valmont Industries, Inc. will post 16.86 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. Shareholders of record on Friday, December 27th will be issued a $0.60 dividend. The ex-dividend date is Friday, December 27th. This represents a $2.40 annualized dividend and a yield of 0.69%. Valmont Industries’s dividend payout ratio (DPR) is presently 16.30%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on VMI. DA Davidson increased their target price on Valmont Industries from $340.00 to $380.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Stifel Nicolaus raised their target price on shares of Valmont Industries from $350.00 to $360.00 and gave the stock a “buy” rating in a 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.

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.