Raymond James & Associates Acquires 407 Shares of Valmont Industries, Inc. (NYSE:VMI)

Raymond James & Associates increased its stake in Valmont Industries, Inc. (NYSE:VMI) by 3.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,934 shares of the industrial products company’s stock after buying an additional 407 shares during the quarter. Raymond James & Associates owned approximately 0.07% of Valmont Industries worth $4,040,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. GAMMA Investing LLC lifted its holdings in Valmont Industries by 117.4% during the 3rd quarter. GAMMA Investing LLC now owns 100 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 54 shares during the last quarter. Mather Group LLC. lifted its holdings in Valmont Industries by 2,060.0% during the 2nd quarter. Mather Group LLC. now owns 108 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 103 shares during the last quarter. Exchange Traded Concepts LLC acquired a new stake in Valmont Industries during the 3rd quarter valued at $39,000. Quarry LP lifted its holdings in Valmont Industries by 268.0% during the 2nd quarter. Quarry LP now owns 184 shares of the industrial products company’s stock valued at $50,000 after purchasing an additional 134 shares during the last quarter. Finally, Versant Capital Management Inc acquired a new stake in Valmont Industries during the 2nd quarter valued at $52,000. Institutional investors and hedge funds own 87.84% of the company’s stock.

Insider Buying and Selling

In related news, VP R Andrew Massey sold 3,977 shares of Valmont Industries stock in a transaction that occurred 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 directly owns 9,408 shares of the company’s stock, valued at $2,963,520. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Valmont Industries news, Director Mogens C. Bay sold 17,000 shares of the business’s stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $316.48, for a total value of $5,380,160.00. Following the transaction, the director now directly owns 154,730 shares of the company’s stock, valued at approximately $48,968,950.40. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP R Andrew Massey sold 3,977 shares of the business’s stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $315.00, for a total value 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 approximately $2,963,520. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.00% of the stock is owned by insiders.

Valmont Industries Stock Up 1.4 %

Shares of NYSE VMI opened at $316.13 on Friday. 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 52 week low of $192.94 and a 52 week high of $330.97. The stock has a market capitalization of $6.33 billion, a P/E ratio of 21.48 and a beta of 1.01. The stock’s fifty day moving average is $291.50 and its 200 day moving average is $272.49.

Valmont Industries (NYSE:VMI) last released its earnings results on Tuesday, October 22nd. The industrial products company reported $4.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.00 by $0.11. Valmont Industries had a return on equity of 23.10% and a net margin of 7.38%. The firm had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $1.02 billion. During the same quarter in the previous year, the business posted $4.12 earnings per share. The business’s revenue for the quarter was down 2.9% on a year-over-year basis. Sell-side analysts forecast that Valmont Industries, Inc. will post 16.84 earnings per share for the current fiscal year.

Valmont Industries Announces Dividend

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 dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date of this dividend is Friday, December 27th. Valmont Industries’s payout ratio is 16.30%.

Analyst Upgrades and Downgrades

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

Valmont Industries 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.