D.A. Davidson & CO. Buys 10,120 Shares of Valmont Industries, Inc. (NYSE:VMI)

D.A. Davidson & CO. raised its stake in shares of Valmont Industries, Inc. (NYSE:VMI - Free Report) by 30.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 43,709 shares of the industrial products company's stock after purchasing an additional 10,120 shares during the period. D.A. Davidson & CO. owned 0.22% of Valmont Industries worth $12,674,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Bank of Montreal Can boosted its stake in shares of Valmont Industries by 371.6% in the third quarter. Bank of Montreal Can now owns 21,927 shares of the industrial products company's stock worth $6,338,000 after acquiring an additional 17,278 shares during the period. Horizon Kinetics Asset Management LLC boosted its stake in shares of Valmont Industries by 53.7% in the third quarter. Horizon Kinetics Asset Management LLC now owns 2,575 shares of the industrial products company's stock worth $747,000 after acquiring an additional 900 shares during the period. Dynamic Technology Lab Private Ltd bought a new position in shares of Valmont Industries in the third quarter worth about $558,000. Algert Global LLC boosted its stake in shares of Valmont Industries by 96.8% in the third quarter. Algert Global LLC now owns 22,626 shares of the industrial products company's stock worth $6,560,000 after acquiring an additional 11,130 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Valmont Industries by 1.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 271,604 shares of the industrial products company's stock worth $78,752,000 after acquiring an additional 3,501 shares during the period. Institutional investors own 87.84% of the company's stock.

Valmont Industries Trading Up 0.5 %

Shares of VMI stock opened at $351.97 on Wednesday. Valmont Industries, Inc. has a 1 year low of $202.01 and a 1 year high of $353.19. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.35 and a quick ratio of 1.55. The stock's 50 day simple moving average is $311.99 and its two-hundred day simple moving average is $286.33. The company has a market cap of $7.05 billion, a PE ratio of 23.91 and a beta of 1.02.

Valmont Industries (NYSE:VMI - Get Free Report) last issued its quarterly earnings data on Tuesday, October 22nd. The industrial products company reported $4.11 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $1.02 billion. During the same period in the prior year, the business posted $4.12 earnings per share. The company's quarterly revenue was down 2.9% compared to the same quarter last year. Research analysts predict that Valmont Industries, Inc. will post 16.86 earnings per share for the current year.

Valmont Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Friday, December 27th will be issued a $0.60 dividend. The ex-dividend date is Friday, December 27th. This represents a $2.40 annualized dividend and a dividend yield of 0.68%. Valmont Industries's payout ratio is 16.30%.

Analyst Ratings Changes

A number of equities research analysts recently commented on VMI shares. 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 stock a "buy" rating in a research report on Thursday, October 24th. Finally, DA Davidson boosted their target price on Valmont Industries from $340.00 to $380.00 and gave the stock a "buy" rating in a research report on Thursday, October 24th.

Insider Transactions at Valmont Industries

In related news, VP R Andrew Massey sold 3,977 shares of the 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 transaction, the vice president now owns 9,408 shares of the company's stock, valued at $2,963,520. This represents 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 available 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 stock was sold at an average price of $338.78, for a total value of $338,780.00. Following the completion of the transaction, the director now directly owns 8,644 shares in the company, 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. Over the last three months, insiders have sold 21,977 shares of company stock worth $6,971,695. 1.90% of the stock is currently owned by company insiders.

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.

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