Tidal Investments LLC Boosts Stake in Valmont Industries, Inc. (NYSE:VMI)

Tidal Investments LLC raised its position in Valmont Industries, Inc. (NYSE:VMI) by 12.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,809 shares of the industrial products company’s stock after buying an additional 633 shares during the period. Tidal Investments LLC’s holdings in Valmont Industries were worth $1,684,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Point72 Asia Singapore Pte. Ltd. purchased a new position in Valmont Industries in the 3rd quarter valued at about $466,000. Foundry Partners LLC purchased a new position in Valmont Industries in the 3rd quarter valued at about $4,158,000. De Lisle Partners LLP boosted its position in Valmont Industries by 44.6% in the 3rd quarter. De Lisle Partners LLP now owns 18,800 shares of the industrial products company’s stock valued at $5,454,000 after buying an additional 5,800 shares during the last quarter. Vaughan Nelson Investment Management L.P. boosted its position in Valmont Industries by 12.9% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 208,645 shares of the industrial products company’s stock valued at $60,497,000 after buying an additional 23,765 shares during the last quarter. Finally, Global Alpha Capital Management Ltd. boosted its position in Valmont Industries by 69.9% in the 3rd quarter. Global Alpha Capital Management Ltd. now owns 7,287 shares of the industrial products company’s stock valued at $2,113,000 after buying an additional 2,997 shares during the last quarter. 87.84% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Valmont Industries news, Director Mogens C. Bay sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $348.92, for a total value of $6,978,400.00. Following the sale, the director now owns 131,730 shares in the company, valued at approximately $45,963,231.60. This trade represents a 13.18 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Daas Kaj Den sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $338.78, for a total transaction of $338,780.00. Following the completion of the sale, the director now owns 8,644 shares in the company, valued at $2,928,414.32. The trade was a 10.37 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 41,977 shares of company stock worth $13,950,095 over the last quarter. 1.90% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on VMI shares. DA Davidson upped their target price on shares of Valmont Industries from $340.00 to $380.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Stifel Nicolaus upped their target price on shares of Valmont Industries from $360.00 to $382.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th.

Valmont Industries Stock Performance

Shares of Valmont Industries stock opened at $326.24 on Wednesday. The firm has a market cap of $6.54 billion, a PE ratio of 22.16 and a beta of 1.03. The firm’s 50-day simple moving average is $329.15 and its 200-day simple moving average is $295.84. 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 1 year low of $202.01 and a 1 year high of $354.13.

Valmont Industries (NYSE:VMI) last released its quarterly earnings data 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. The firm had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.02 billion. Valmont Industries had a net margin of 7.38% and a return on equity of 23.10%. Valmont Industries’s quarterly revenue was down 2.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $4.12 earnings per share. Equities analysts forecast that Valmont Industries, Inc. will post 16.85 earnings per share for the current fiscal year.

Valmont Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Friday, December 27th will be paid a dividend of $0.60 per share. The ex-dividend date is Friday, December 27th. This represents a $2.40 annualized dividend and a yield of 0.74%. 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.