Charles Schwab Investment Management Inc. Buys 3,501 Shares of Valmont Industries, Inc. (NYSE:VMI)

Charles Schwab Investment Management Inc. increased its position in shares of Valmont Industries, Inc. (NYSE:VMI - Free Report) by 1.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 271,604 shares of the industrial products company's stock after buying an additional 3,501 shares during the period. Charles Schwab Investment Management Inc. owned 1.36% of Valmont Industries worth $78,752,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Tidal Investments LLC increased its holdings in shares of Valmont Industries by 8.6% during the 1st quarter. Tidal Investments LLC now owns 3,186 shares of the industrial products company's stock worth $727,000 after purchasing an additional 253 shares during the period. Comerica Bank lifted its position in shares of Valmont Industries by 81.9% in the 1st quarter. Comerica Bank now owns 19,397 shares of the industrial products company's stock worth $4,428,000 after acquiring an additional 8,731 shares during the period. Cetera Investment Advisers acquired a new stake in shares of Valmont Industries during the 1st quarter worth approximately $1,796,000. Moody National Bank Trust Division increased its position in shares of Valmont Industries by 460.2% during the second quarter. Moody National Bank Trust Division now owns 6,173 shares of the industrial products company's stock valued at $1,694,000 after purchasing an additional 5,071 shares during the period. Finally, Versant Capital Management Inc bought a new position in Valmont Industries in the second quarter worth $52,000. 87.84% of the stock is owned by institutional investors and hedge funds.

Valmont Industries Stock Up 0.0 %

Shares of Valmont Industries stock traded up $0.17 on Thursday, reaching $352.14. 89,720 shares of the company were exchanged, compared to its average volume of 153,937. The company has a market capitalization of $7.06 billion, a price-to-earnings ratio of 23.92 and a beta of 1.02. Valmont Industries, Inc. has a one year low of $202.01 and a one year high of $354.13. The company has a 50-day moving average of $314.90 and a 200 day moving average of $287.43. 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 quarterly earnings results on Tuesday, October 22nd. The industrial products company reported $4.11 earnings per share for the quarter, beating the consensus estimate of $4.00 by $0.11. Valmont Industries had a net margin of 7.38% and a return on equity of 23.10%. The firm had revenue of $1.02 billion for the quarter, compared to analysts' expectations of $1.02 billion. During the same period in the prior year, the firm earned $4.12 EPS. The business's revenue was down 2.9% on a year-over-year basis. On average, equities research analysts forecast that Valmont Industries, Inc. will post 16.86 earnings per share for the current year.

Valmont Industries Announces Dividend

The business also recently declared 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 annualized dividend and a dividend yield of 0.68%. The ex-dividend date is Friday, December 27th. Valmont Industries's dividend payout ratio (DPR) is presently 16.30%.

Wall Street Analysts Forecast Growth

VMI has been the topic of a number of analyst reports. StockNews.com raised shares of Valmont Industries from a "buy" rating to a "strong-buy" rating in a research note on Monday, August 12th. DA Davidson increased their price target on Valmont Industries from $340.00 to $380.00 and gave the stock a "buy" rating in a research report on Thursday, October 24th. Finally, Stifel Nicolaus boosted 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.

Insider Transactions at Valmont Industries

In related news, Director Mogens C. Bay sold 17,000 shares of the company's stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $316.48, for a total transaction of $5,380,160.00. Following the sale, the director now owns 154,730 shares in the company, valued at $48,968,950.40. This represents a 9.90 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 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 ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 21,977 shares of company stock worth $6,971,695. Corporate insiders own 2.00% of the company's stock.

Valmont Industries 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.