Nabity Jensen Investment Management Inc Acquires Shares of 5,562 Valmont Industries, Inc. (NYSE:VMI)

Nabity Jensen Investment Management Inc purchased a new position in Valmont Industries, Inc. (NYSE:VMI - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 5,562 shares of the industrial products company's stock, valued at approximately $1,613,000. Valmont Industries accounts for 1.2% of Nabity Jensen Investment Management Inc's investment portfolio, making the stock its 18th largest position.

Other hedge funds and other institutional investors have also bought and sold shares of the company. State Street Corp boosted its stake in shares of Valmont Industries by 1.1% during the third quarter. State Street Corp now owns 640,876 shares of the industrial products company's stock valued at $186,204,000 after purchasing an additional 6,913 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Valmont Industries by 3.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 418,722 shares of the industrial products company's stock valued at $114,919,000 after acquiring an additional 14,168 shares during the period. FMR LLC raised its stake in shares of Valmont Industries by 4.0% during the third quarter. FMR LLC now owns 349,426 shares of the industrial products company's stock valued at $101,316,000 after acquiring an additional 13,509 shares during the last quarter. Earnest Partners LLC acquired a new position in shares of Valmont Industries during the second quarter worth $91,878,000. Finally, Copeland Capital Management LLC increased its holdings in Valmont Industries by 0.9% in the third quarter. Copeland Capital Management LLC now owns 307,338 shares of the industrial products company's stock valued at $89,113,000 after purchasing an additional 2,869 shares during the period. Institutional investors and hedge funds own 87.84% of the company's stock.

Insider Activity at Valmont Industries

In other Valmont Industries news, VP R Andrew Massey sold 3,977 shares of the business'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 completion of the sale, the vice president now directly owns 9,408 shares of the company's stock, valued at approximately $2,963,520. The trade was a 29.71 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Mogens C. Bay sold 17,000 shares of Valmont Industries stock in a transaction that occurred on 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 transaction, the director now directly owns 154,730 shares in the company, valued at approximately $48,968,950.40. The trade was a 9.90 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 41,977 shares of company stock valued at $13,950,095. 1.90% of the stock is owned by company insiders.

Valmont Industries Trading Down 0.3 %

Shares of NYSE:VMI traded down $1.15 during mid-day trading on Monday, hitting $337.30. The company had a trading volume of 125,985 shares, compared to its average volume of 152,340. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.35 and a quick ratio of 1.55. Valmont Industries, Inc. has a one year low of $202.01 and a one year high of $354.13. The firm has a fifty day moving average price of $323.45 and a 200 day moving average price of $291.96. The company has a market capitalization of $6.76 billion, a PE ratio of 22.99 and a beta of 1.03.

Valmont Industries (NYSE:VMI - Get Free Report) last released its quarterly earnings data 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 analysts' expectations of $1.02 billion. During the same quarter in the prior year, the firm earned $4.12 EPS. The business's revenue was down 2.9% on a year-over-year basis. As a group, research analysts forecast that Valmont Industries, Inc. will post 16.86 EPS for the current year.

Valmont Industries Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research firms have commented on VMI. DA Davidson upped their price target on Valmont Industries from $340.00 to $380.00 and gave the company a "buy" rating in a research report on Thursday, October 24th. Stifel Nicolaus boosted their price target on shares of Valmont Industries from $350.00 to $360.00 and gave the stock a "buy" rating in a research report on Thursday, October 24th. Finally, StockNews.com upgraded shares of Valmont Industries from a "buy" rating to a "strong-buy" rating in a research report on Monday, August 12th.

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.