Colonial River Investments LLC Takes $393,000 Position in Valmont Industries, Inc. (NYSE:VMI)

Colonial River Investments LLC bought a new position in shares of Valmont Industries, Inc. (NYSE:VMI) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 1,355 shares of the industrial products company’s stock, valued at approximately $393,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Texas Permanent School Fund Corp lifted its holdings in shares of Valmont Industries by 1.3% during the first quarter. Texas Permanent School Fund Corp now owns 18,284 shares of the industrial products company’s stock worth $4,174,000 after purchasing an additional 238 shares during the period. SG Americas Securities LLC raised its position in shares of Valmont Industries by 466.3% during the first quarter. SG Americas Securities LLC now owns 8,358 shares of the industrial products company’s stock worth $1,908,000 after acquiring an additional 6,882 shares during the last quarter. Meeder Asset Management Inc. acquired a new position in shares of Valmont Industries in the first quarter worth approximately $66,000. US Bancorp DE boosted its holdings in Valmont Industries by 38.8% in the first quarter. US Bancorp DE now owns 2,631 shares of the industrial products company’s stock valued at $601,000 after acquiring an additional 736 shares during the last quarter. Finally, Entropy Technologies LP acquired a new stake in Valmont Industries during the 1st quarter valued at approximately $327,000. 87.84% of the stock is owned by institutional investors.

Valmont Industries Price Performance

Shares of VMI opened at $340.42 on Friday. The firm has a market cap of $6.82 billion, a PE ratio of 23.13 and a beta of 1.02. Valmont Industries, Inc. has a 52-week low of $195.73 and a 52-week high of $352.57. The business’s 50 day moving average price is $296.56 and its two-hundred day moving average price is $277.22. 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 (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. The company had revenue of $1.02 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter in the previous year, the company earned $4.12 EPS. On average, equities analysts anticipate that Valmont Industries, Inc. will post 16.84 EPS for the current year.

Valmont Industries Dividend Announcement

The company 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 $0.60 dividend. The ex-dividend date of this dividend is Friday, December 27th. This represents a $2.40 annualized dividend and a dividend yield of 0.71%. Valmont Industries’s dividend payout ratio is presently 16.30%.

Insider Activity at Valmont Industries

In other Valmont Industries news, VP R Andrew Massey sold 3,977 shares of the 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 owns 9,408 shares in the company, valued at approximately $2,963,520. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, VP R Andrew Massey sold 3,977 shares of the company’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 directly owns 9,408 shares of the company’s stock, valued at $2,963,520. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Mogens C. Bay sold 17,000 shares of Valmont Industries stock in a transaction on 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 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 position. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

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

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.