Point72 Asia Singapore Pte. Ltd. Makes New Investment in Valmont Industries, Inc. (NYSE:VMI)

Point72 Asia Singapore Pte. Ltd. purchased a new stake in Valmont Industries, Inc. (NYSE:VMI - Free Report) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 1,607 shares of the industrial products company's stock, valued at approximately $466,000.

A number of other large investors have also added to or reduced their stakes in VMI. Mather Group LLC. grew its holdings in shares of Valmont Industries by 2,060.0% during the 2nd quarter. Mather Group LLC. now owns 108 shares of the industrial products company's stock worth $30,000 after purchasing an additional 103 shares in the last quarter. Foundry Partners LLC bought a new position in Valmont Industries in the 3rd quarter valued at about $4,158,000. Harbor Capital Advisors Inc. raised its position in shares of Valmont Industries by 292.4% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 3,386 shares of the industrial products company's stock valued at $929,000 after buying an additional 2,523 shares in the last quarter. Vaughan Nelson Investment Management L.P. lifted its holdings in shares of Valmont Industries by 14.4% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 184,880 shares of the industrial products company's stock worth $50,740,000 after acquiring an additional 23,275 shares during the period. Finally, De Lisle Partners LLP increased its stake in Valmont Industries by 44.6% in the third quarter. De Lisle Partners LLP now owns 18,800 shares of the industrial products company's stock valued at $5,454,000 after acquiring an additional 5,800 shares during the last quarter. Institutional investors and hedge funds own 87.84% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. DA Davidson upped their target price on Valmont Industries from $340.00 to $380.00 and gave the stock a "buy" rating in a research note 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, Stifel Nicolaus lifted their target price on Valmont Industries from $350.00 to $360.00 and gave the company a "buy" rating in a research report on Thursday, October 24th.

Insider Transactions at Valmont Industries

In other Valmont Industries news, Director Mogens C. Bay sold 17,000 shares of Valmont Industries stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $316.48, for a total value of $5,380,160.00. Following the sale, the director now owns 154,730 shares of the company's stock, valued at approximately $48,968,950.40. The trade was a 9.90 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP R Andrew Massey sold 3,977 shares of the business's stock in a transaction 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 sale, the vice president now owns 9,408 shares in the company, valued at approximately $2,963,520. The trade was a 29.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 41,977 shares of company stock valued at $13,950,095 in the last 90 days. 1.90% of the stock is currently owned by corporate insiders.

Valmont Industries Price Performance

Shares of NYSE VMI traded down $2.19 during midday trading on Tuesday, reaching $347.08. 117,879 shares of the company were exchanged, compared to its average volume of 153,350. The stock's 50-day moving average price is $318.83 and its 200-day moving average price is $289.52. The stock has a market cap of $6.95 billion, a P/E ratio of 23.56 and a beta of 1.03. 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 one year low of $202.01 and a one year high of $354.13.

Valmont Industries (NYSE:VMI - Get Free Report) last posted its earnings results on Tuesday, October 22nd. The industrial products company reported $4.11 earnings per share for the quarter, topping analysts' consensus estimates 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%. The company's revenue for the quarter was down 2.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.12 EPS. On average, sell-side analysts anticipate that Valmont Industries, Inc. will post 16.86 earnings per share 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. Shareholders of record on Friday, December 27th will be issued 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 0.69%. Valmont Industries's payout ratio is currently 16.30%.

About Valmont Industries

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.