Valmont Industries, Inc. (NYSE:VMI) Shares Bought by De Lisle Partners LLP

De Lisle Partners LLP grew its holdings in Valmont Industries, Inc. (NYSE:VMI) by 44.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 18,800 shares of the industrial products company’s stock after acquiring an additional 5,800 shares during the quarter. Valmont Industries accounts for approximately 0.9% of De Lisle Partners LLP’s holdings, making the stock its 28th largest holding. De Lisle Partners LLP owned 0.09% of Valmont Industries worth $5,454,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. First Horizon Advisors Inc. increased its stake in Valmont Industries by 12.5% during the 3rd quarter. First Horizon Advisors Inc. now owns 279 shares of the industrial products company’s stock valued at $81,000 after purchasing an additional 31 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in Valmont Industries by 1.5% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 2,325 shares of the industrial products company’s stock worth $674,000 after acquiring an additional 35 shares during the period. Huntington National Bank grew its stake in Valmont Industries by 16.5% during the 3rd quarter. Huntington National Bank now owns 247 shares of the industrial products company’s stock valued at $72,000 after purchasing an additional 35 shares during the last quarter. UMB Bank n.a. increased its holdings in shares of Valmont Industries by 3.1% in the third quarter. UMB Bank n.a. now owns 1,303 shares of the industrial products company’s stock valued at $378,000 after purchasing an additional 39 shares during the period. Finally, Vanguard Personalized Indexing Management LLC raised its stake in shares of Valmont Industries by 2.5% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 1,717 shares of the industrial products company’s stock worth $470,000 after purchasing an additional 42 shares during the last quarter. Hedge funds and other institutional investors own 87.84% of the company’s stock.

Insider Activity

In other news, Director Mogens C. Bay sold 17,000 shares of the business’s 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 of the company’s stock, valued at $48,968,950.40. The trade was a 9.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP R Andrew Massey sold 3,977 shares of the firm’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 transaction, the vice president now directly owns 9,408 shares in the company, valued at $2,963,520. This represents a 29.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 21,977 shares of company stock worth $6,971,695 in the last quarter. Corporate insiders own 2.00% of the company’s stock.

Valmont Industries Stock Performance

Shares of NYSE VMI opened at $352.14 on Thursday. The company has a market capitalization of $7.06 billion, a PE ratio of 23.92 and a beta of 1.02. 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 company’s fifty day moving average price is $313.45 and its 200 day moving average price is $286.97. Valmont Industries, Inc. has a 1 year low of $202.01 and a 1 year high of $354.13.

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

Valmont Industries Announces Dividend

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

Analyst Ratings Changes

VMI has been the topic of a number of recent research reports. DA Davidson upped their target price on Valmont Industries from $340.00 to $380.00 and gave the company a “buy” rating in a research 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, Stifel Nicolaus raised their target price on Valmont Industries from $350.00 to $360.00 and gave the stock a “buy” rating in a report on Thursday, October 24th.

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.