XTX Topco Ltd Purchases Shares of 2,941 Valmont Industries, Inc. (NYSE:VMI)

XTX Topco Ltd acquired a new stake in Valmont Industries, Inc. (NYSE:VMI - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 2,941 shares of the industrial products company's stock, valued at approximately $853,000.

Several other institutional investors and hedge funds have also modified their holdings of VMI. Point72 Asia Singapore Pte. Ltd. acquired a new position in Valmont Industries during the 3rd quarter worth $466,000. Foundry Partners LLC acquired a new position in Valmont Industries during the 3rd quarter worth $4,158,000. De Lisle Partners LLP lifted its position in Valmont Industries by 44.6% during the 3rd quarter. De Lisle Partners LLP now owns 18,800 shares of the industrial products company's stock worth $5,454,000 after acquiring an additional 5,800 shares during the last quarter. Vaughan Nelson Investment Management L.P. lifted its position in 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 last quarter. Finally, Global Alpha Capital Management Ltd. lifted its position in Valmont Industries by 69.9% during the 3rd quarter. Global Alpha Capital Management Ltd. now owns 7,287 shares of the industrial products company's stock worth $2,113,000 after acquiring an additional 2,997 shares during the last quarter. Institutional investors and hedge funds own 87.84% of the company's stock.

Valmont Industries Price Performance

NYSE:VMI traded down $0.65 on Wednesday, reaching $330.64. The stock had a trading volume of 168,101 shares, compared to its average volume of 152,303. The company has a market capitalization of $6.62 billion, a P/E ratio of 22.74 and a beta of 1.03. Valmont Industries, Inc. has a 1-year low of $202.01 and a 1-year high of $354.13. The company has a quick ratio of 1.55, a current ratio of 2.35 and a debt-to-equity ratio of 0.58. The stock has a fifty day moving average price of $325.26 and a 200-day moving average price of $293.10.

Valmont Industries (NYSE:VMI - Get Free Report) last announced its earnings results on Tuesday, October 22nd. The industrial products company reported $4.11 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $1.02 billion. During the same period in the prior year, the business earned $4.12 earnings per share. Valmont Industries's quarterly revenue was down 2.9% on a year-over-year basis. Research analysts forecast that Valmont Industries, Inc. will post 16.86 EPS for the current year.

Valmont Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Friday, December 27th will be given a dividend of $0.60 per share. The ex-dividend date of this dividend is Friday, December 27th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.73%. Valmont Industries's payout ratio is 16.30%.

Insider Transactions at Valmont Industries

In related 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 filing with the SEC, which is available at the SEC website. Also, Director Mogens C. Bay sold 17,000 shares of the company's stock in a transaction that occurred 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 $48,968,950.40. The trade was a 9.90 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 41,977 shares of company stock worth $13,950,095. Corporate insiders own 2.00% of the company's stock.

Analyst Ratings Changes

VMI has been the subject of a number of research analyst reports. DA Davidson boosted their target price on shares of Valmont Industries from $340.00 to $380.00 and gave the stock a "buy" rating in a research report on Thursday, October 24th. Stifel Nicolaus boosted their price objective on shares of Valmont Industries from $360.00 to $382.00 and gave the stock a "buy" rating in a report on Wednesday.

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.