Bridgewater Associates LP Grows Position in Valmont Industries, Inc. (NYSE:VMI)

Bridgewater Associates LP lifted its position in shares of Valmont Industries, Inc. (NYSE:VMI - Free Report) by 171.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,219 shares of the industrial products company's stock after purchasing an additional 3,297 shares during the quarter. Bridgewater Associates LP's holdings in Valmont Industries were worth $1,513,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in VMI. Tidal Investments LLC grew its position in Valmont Industries by 8.6% during the first quarter. Tidal Investments LLC now owns 3,186 shares of the industrial products company's stock valued at $727,000 after buying an additional 253 shares during the period. Comerica Bank grew its position in shares of Valmont Industries by 81.9% during the 1st quarter. Comerica Bank now owns 19,397 shares of the industrial products company's stock valued at $4,428,000 after acquiring an additional 8,731 shares during the period. Cetera Investment Advisers purchased a new position in shares of Valmont Industries in the 1st quarter valued at about $1,796,000. Versant Capital Management Inc acquired a new position in Valmont Industries in the 2nd quarter worth about $52,000. Finally, Mather Group LLC. boosted its position in Valmont Industries by 2,060.0% during the second 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. 87.84% of the stock is owned by hedge funds and other institutional investors.

Insider Activity 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 transaction of $5,380,160.00. Following the transaction, 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 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 the stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $338.78, for a total transaction of $338,780.00. Following the completion of 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 position. The disclosure for this sale can be found here. In the last quarter, insiders sold 21,977 shares of company stock valued at $6,971,695. Corporate insiders own 2.00% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently commented on the company. DA Davidson boosted their price objective 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 upped their price objective 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 raised shares of Valmont Industries from a "buy" rating to a "strong-buy" rating in a report on Monday, August 12th.

Valmont Industries Price Performance

Shares of Valmont Industries stock traded up $1.52 during mid-day trading on Monday, reaching $349.38. 120,094 shares of the stock traded hands, compared to its average volume of 153,503. The stock has a market capitalization of $7.00 billion, a PE ratio of 23.63 and a beta of 1.02. The business has a 50-day moving average of $317.56 and a 200 day moving average of $288.89. Valmont Industries, Inc. has a fifty-two week low of $202.01 and a fifty-two week 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.

Valmont Industries (NYSE:VMI - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.02 billion. During the same period in the prior year, the company earned $4.12 EPS. The firm's revenue was down 2.9% compared to the same quarter last year. On average, analysts predict that Valmont Industries, Inc. will post 16.86 EPS for the current year.

Valmont Industries Announces Dividend

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 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 yield of 0.69%. Valmont Industries's payout ratio is presently 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.