Bank of Montreal Can Grows Position in Valmont Industries, Inc. (NYSE:VMI)

Bank of Montreal Can grew its holdings in Valmont Industries, Inc. (NYSE:VMI - Free Report) by 371.6% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 21,927 shares of the industrial products company's stock after acquiring an additional 17,278 shares during the quarter. Bank of Montreal Can owned about 0.11% of Valmont Industries worth $6,338,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Earnest Partners LLC acquired a new position in Valmont Industries during the second quarter worth approximately $91,878,000. Sei Investments Co. raised its position in Valmont Industries by 794.2% in the 2nd quarter. Sei Investments Co. now owns 198,116 shares of the industrial products company's stock valued at $54,373,000 after purchasing an additional 175,961 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in Valmont Industries by 39.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 258,845 shares of the industrial products company's stock worth $71,040,000 after purchasing an additional 73,084 shares during the period. Natixis Advisors LLC grew its position in Valmont Industries by 113.5% during the 2nd quarter. Natixis Advisors LLC now owns 71,620 shares of the industrial products company's stock worth $19,656,000 after purchasing an additional 38,080 shares during the last quarter. Finally, Segall Bryant & Hamill LLC raised its holdings in shares of Valmont Industries by 9.6% in the third quarter. Segall Bryant & Hamill LLC now owns 288,633 shares of the industrial products company's stock valued at $83,689,000 after buying an additional 25,237 shares during the last quarter. Institutional investors and hedge funds own 87.84% of the company's stock.

Valmont Industries Stock Performance

Shares of Valmont Industries stock traded down $2.19 on Tuesday, reaching $347.08. 117,879 shares of the stock were exchanged, compared to its average volume of 153,350. Valmont Industries, Inc. has a 1-year low of $202.01 and a 1-year high of $354.13. The business has a fifty day moving average price of $318.83 and a two-hundred day moving average price of $289.52. The firm has a market capitalization of $6.95 billion, a PE ratio of 23.56 and a beta of 1.03. The company has a current ratio of 2.35, a quick ratio of 1.55 and a debt-to-equity ratio of 0.58.

Valmont Industries (NYSE:VMI - Get Free Report) last posted its quarterly earnings results on Tuesday, October 22nd. The industrial products company reported $4.11 EPS for the quarter, beating the consensus estimate of $4.00 by $0.11. Valmont Industries had a return on equity of 23.10% and a net margin of 7.38%. The business had revenue of $1.02 billion during the quarter, compared to analysts' expectations of $1.02 billion. During the same period last year, the firm earned $4.12 EPS. The company's quarterly revenue was down 2.9% compared to the same quarter last year. As a group, research analysts anticipate that Valmont Industries, Inc. will post 16.86 earnings per share for the current fiscal year.

Valmont Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Friday, December 27th will be issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date is Friday, December 27th. Valmont Industries's dividend payout ratio is currently 16.30%.

Insiders Place Their Bets

In related 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 value of $1,252,755.00. Following the sale, the vice president now owns 9,408 shares in the company, valued at $2,963,520. This represents a 29.71 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Daas Kaj Den sold 1,000 shares of Valmont Industries stock in a transaction on Monday, November 18th. The stock was sold at an average price of $338.78, for a total value of $338,780.00. Following the transaction, the director now directly owns 8,644 shares of the company's stock, valued at approximately $2,928,414.32. This represents a 10.37 % decrease in their ownership of the stock. 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. 1.90% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. StockNews.com upgraded Valmont Industries from a "buy" rating to a "strong-buy" rating in a research report on Monday, August 12th. Stifel Nicolaus boosted their target price on Valmont Industries from $350.00 to $360.00 and gave the company a "buy" rating in a 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.