Horizon Kinetics Asset Management LLC Boosts Stock Position in Valmont Industries, Inc. (NYSE:VMI)

Horizon Kinetics Asset Management LLC lifted its position in Valmont Industries, Inc. (NYSE:VMI) by 53.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,575 shares of the industrial products company’s stock after buying an additional 900 shares during the quarter. Horizon Kinetics Asset Management LLC’s holdings in Valmont Industries were worth $747,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. GAMMA Investing LLC raised its holdings in shares of Valmont Industries by 117.4% in the 3rd quarter. GAMMA Investing LLC now owns 100 shares of the industrial products company’s stock valued at $29,000 after buying an additional 54 shares during the period. Mather Group LLC. raised its holdings in shares of Valmont Industries by 2,060.0% in the 2nd 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 during the period. Exchange Traded Concepts LLC purchased a new stake in shares of Valmont Industries in the 3rd quarter valued at $39,000. Quarry LP raised its holdings in shares of Valmont Industries by 268.0% in the 2nd quarter. Quarry LP now owns 184 shares of the industrial products company’s stock valued at $50,000 after buying an additional 134 shares during the period. Finally, Versant Capital Management Inc purchased a new stake in Valmont Industries during the 2nd quarter worth about $52,000. Hedge funds and other institutional investors own 87.84% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on VMI shares. Stifel Nicolaus upped their price target on Valmont Industries from $350.00 to $360.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. DA Davidson upped their price target on Valmont Industries from $340.00 to $380.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Finally, StockNews.com upgraded Valmont Industries from a “buy” rating to a “strong-buy” rating in a report on Monday, August 12th.

Valmont Industries Trading Up 2.4 %

VMI opened at $350.39 on Tuesday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.55 and a current ratio of 2.35. Valmont Industries, Inc. has a one year low of $202.01 and a one year high of $352.88. The company has a market cap of $7.02 billion, a P/E ratio of 23.80 and a beta of 1.02. The business’s 50-day simple moving average is $311.99 and its 200-day simple moving average is $286.33.

Valmont Industries (NYSE:VMI) last issued its earnings results on Tuesday, October 22nd. The industrial products company reported $4.11 earnings per share 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 last year, the company earned $4.12 EPS. The business’s quarterly revenue was down 2.9% on a year-over-year basis. As a group, equities research analysts expect that Valmont Industries, Inc. will post 16.86 EPS for the current fiscal 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 given 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 dividend payout ratio (DPR) is presently 16.30%.

Insider Transactions at Valmont Industries

In related news, VP R Andrew Massey sold 3,977 shares of the firm’s stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $315.00, for a total transaction of $1,252,755.00. Following the transaction, the vice president now owns 9,408 shares in the company, valued at $2,963,520. This trade represents a 29.71 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Daas Kaj Den sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $338.78, for a total value of $338,780.00. Following the transaction, the director now owns 8,644 shares in the company, valued at $2,928,414.32. This represents a 10.37 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 21,977 shares of company stock valued at $6,971,695. Corporate insiders own 1.90% of the company’s stock.

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.