Dynamic Technology Lab Private Ltd Invests $558,000 in Valmont Industries, Inc. (NYSE:VMI)

Dynamic Technology Lab Private Ltd acquired a new stake in shares of Valmont Industries, Inc. (NYSE:VMI - Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,923 shares of the industrial products company's stock, valued at approximately $558,000.

A number of other institutional investors also recently modified their holdings of VMI. Earnest Partners LLC purchased a new stake in Valmont Industries in the second quarter worth $91,878,000. Sei Investments Co. lifted its position in shares of Valmont Industries by 794.2% in the 2nd quarter. Sei Investments Co. now owns 198,116 shares of the industrial products company's stock worth $54,373,000 after purchasing an additional 175,961 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of 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 valued at $71,040,000 after purchasing an additional 73,084 shares in the last quarter. Natixis Advisors LLC increased its position in shares of Valmont Industries by 113.5% during the second quarter. Natixis Advisors LLC now owns 71,620 shares of the industrial products company's stock valued at $19,656,000 after buying an additional 38,080 shares during the period. Finally, Segall Bryant & Hamill LLC raised its stake in 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 worth $83,689,000 after buying an additional 25,237 shares in the last quarter. 87.84% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Daas Kaj Den sold 1,000 shares of the stock in a transaction on Monday, November 18th. The stock was sold at an average price of $338.78, for a total transaction of $338,780.00. Following the sale, the director now directly owns 8,644 shares of the company's stock, valued at $2,928,414.32. This trade represents a 10.37 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Mogens C. Bay sold 17,000 shares of the business's stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $316.48, for a total value of $5,380,160.00. Following the completion of the transaction, the director now directly owns 154,730 shares of the company's stock, valued at approximately $48,968,950.40. This trade represents a 9.90 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 21,977 shares of company stock worth $6,971,695 in the last quarter. Corporate insiders own 2.00% of the company's stock.

Analyst Ratings Changes

Several analysts have weighed in on VMI shares. DA Davidson lifted 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 lifted their price target on Valmont Industries from $350.00 to $360.00 and gave the company a "buy" rating in a research report on Thursday, October 24th. Finally, StockNews.com upgraded Valmont Industries from a "buy" rating to a "strong-buy" rating in a report on Monday, August 12th.

Valmont Industries Stock Down 1.2 %

NYSE:VMI traded down $4.28 during mid-day trading on Friday, hitting $347.86. 87,061 shares of the company's stock were exchanged, compared to its average volume of 153,648. Valmont Industries, Inc. has a one year low of $202.01 and a one year high of $354.13. The business has a fifty day moving average price of $317.56 and a 200 day moving average price of $288.49. The company has a market cap of $6.97 billion, a PE ratio of 23.63 and a beta of 1.02. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.35 and a quick ratio of 1.55.

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

Valmont Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Friday, December 27th will be given a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 0.69%. The ex-dividend date of this dividend is Friday, December 27th. Valmont Industries's dividend payout ratio is presently 16.30%.

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.