Barclays PLC Boosts Stake in Valmont Industries, Inc. (NYSE:VMI)

Barclays PLC boosted its stake in Valmont Industries, Inc. (NYSE:VMI - Free Report) by 91.6% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 14,488 shares of the industrial products company's stock after purchasing an additional 6,927 shares during the quarter. Barclays PLC owned about 0.07% of Valmont Industries worth $4,200,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Peloton Wealth Strategists boosted its stake in Valmont Industries by 10.7% during the third quarter. Peloton Wealth Strategists now owns 1,288 shares of the industrial products company's stock valued at $373,000 after buying an additional 125 shares during the last quarter. Nomura Asset Management Co. Ltd. raised its holdings in shares of Valmont Industries by 219.8% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 403 shares of the industrial products company's stock worth $117,000 after acquiring an additional 277 shares in the last quarter. Orion Portfolio Solutions LLC boosted its position in shares of Valmont Industries by 0.4% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 47,473 shares of the industrial products company's stock valued at $13,765,000 after acquiring an additional 190 shares during the last quarter. XTX Topco Ltd purchased a new position in shares of Valmont Industries in the third quarter valued at $853,000. Finally, National Bank of Canada FI increased its position in Valmont Industries by 52,400.0% in the third quarter. National Bank of Canada FI now owns 4,200 shares of the industrial products company's stock worth $1,218,000 after purchasing an additional 4,192 shares during the last quarter. Institutional investors own 87.84% of the company's stock.

Valmont Industries Trading Up 0.7 %

NYSE:VMI traded up $2.10 during midday trading on Friday, hitting $308.21. 564,179 shares of the company traded hands, compared to its average volume of 153,382. The firm has a market capitalization of $6.17 billion, a P/E ratio of 20.94 and a beta of 1.03. The firm's fifty day moving average is $329.95 and its 200-day moving average is $296.78. Valmont Industries, Inc. has a 12-month low of $202.01 and a 12-month high of $354.13. 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 released its earnings results on Tuesday, October 22nd. The industrial products company reported $4.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.00 by $0.11. The firm had revenue of $1.02 billion during 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 business's revenue was down 2.9% on a year-over-year basis. During the same quarter last year, the business earned $4.12 EPS. On average, sell-side analysts predict that Valmont Industries, Inc. will post 16.85 EPS for the current year.

Valmont Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Friday, December 27th will be paid 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 0.78%. Valmont Industries's dividend payout ratio is 16.30%.

Wall Street Analyst Weigh In

Several equities analysts have commented on VMI shares. DA Davidson increased their price objective on shares of 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 increased their price target on shares of Valmont Industries from $360.00 to $382.00 and gave the company a "buy" rating in a report on Wednesday, December 11th.

Insider Buying and Selling

In related 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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Daas Kaj Den sold 1,000 shares of Valmont Industries stock in a transaction on Monday, November 18th. The shares were sold at an average price of $338.78, for a total value of $338,780.00. Following the sale, the director now directly owns 8,644 shares of the company's stock, valued at approximately $2,928,414.32. This trade represents a 10.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 41,977 shares of company stock valued at $13,950,095. Insiders own 2.00% of the company's stock.

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.