Global Alpha Capital Management Ltd. Purchases 2,997 Shares of Valmont Industries, Inc. (NYSE:VMI)

Global Alpha Capital Management Ltd. increased its stake in shares of Valmont Industries, Inc. (NYSE:VMI) by 69.9% in the third quarter, Holdings Channel.com reports. The fund owned 7,287 shares of the industrial products company’s stock after purchasing an additional 2,997 shares during the period. Global Alpha Capital Management Ltd.’s holdings in Valmont Industries were worth $2,113,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC raised its stake in shares of Valmont Industries by 1.5% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 2,325 shares of the industrial products company’s stock valued at $674,000 after acquiring an additional 35 shares during the period. Huntington National Bank grew its holdings in shares of Valmont Industries by 16.5% in the third quarter. Huntington National Bank now owns 247 shares of the industrial products company’s stock worth $72,000 after purchasing an additional 35 shares during the last quarter. UMB Bank n.a. grew 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 worth $378,000 after purchasing an additional 39 shares during the last quarter. Vanguard Personalized Indexing Management LLC grew its holdings 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. Finally, Creative Planning grew its holdings in shares of Valmont Industries by 0.5% in the second quarter. Creative Planning now owns 8,922 shares of the industrial products company’s stock worth $2,449,000 after purchasing an additional 45 shares during the last quarter. Hedge funds and other institutional investors own 87.84% of the company’s stock.

Insider Buying and Selling 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 shares were 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 in the company, valued at $2,963,520. This represents a 29.71 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Mogens C. Bay sold 17,000 shares of the firm’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 transaction of $5,380,160.00. Following the transaction, the director now owns 154,730 shares in the company, valued at approximately $48,968,950.40. This trade represents a 9.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.90% of the stock is currently owned by corporate insiders.

Valmont Industries Stock Down 0.1 %

VMI stock opened at $339.82 on Wednesday. The company has a quick ratio of 1.55, a current ratio of 2.35 and a debt-to-equity ratio of 0.58. Valmont Industries, Inc. has a 52 week low of $202.01 and a 52 week high of $352.57. The firm has a 50 day moving average of $306.42 and a 200 day moving average of $283.73. The stock has a market capitalization of $6.81 billion, a PE ratio of 23.09 and a beta of 1.02.

Valmont Industries (NYSE:VMI) last issued its quarterly earnings results on Tuesday, October 22nd. The industrial products company reported $4.11 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 company had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.02 billion. During the same quarter in the previous year, the firm earned $4.12 EPS. The firm’s revenue was down 2.9% compared to the same quarter last year. Sell-side analysts forecast that Valmont Industries, Inc. will post 16.86 earnings per share for the current year.

Valmont Industries Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Friday, December 27th will be given a $0.60 dividend. The ex-dividend date is Friday, December 27th. This represents a $2.40 dividend on an annualized basis and a yield of 0.71%. Valmont Industries’s payout ratio is currently 16.30%.

Wall Street Analyst Weigh In

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