Foundry Partners LLC Invests $4.16 Million in Valmont Industries, Inc. (NYSE:VMI)

Foundry Partners LLC bought a new position in shares of Valmont Industries, Inc. (NYSE:VMI - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 14,339 shares of the industrial products company's stock, valued at approximately $4,158,000. Foundry Partners LLC owned approximately 0.07% of Valmont Industries as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Earnest Partners LLC purchased a new position in Valmont Industries in the 2nd quarter worth approximately $91,878,000. Sei Investments Co. lifted its stake in shares of Valmont Industries by 794.2% in the second quarter. Sei Investments Co. now owns 198,116 shares of the industrial products company's stock worth $54,373,000 after buying an additional 175,961 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Valmont Industries by 39.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 258,845 shares of the industrial products company's stock worth $71,040,000 after purchasing an additional 73,084 shares in the last quarter. Natixis Advisors LLC lifted its holdings 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 purchasing an additional 38,080 shares in the last quarter. Finally, Segall Bryant & Hamill LLC raised its holdings in shares of Valmont Industries by 9.6% during the third quarter. Segall Bryant & Hamill LLC now owns 288,633 shares of the industrial products company's stock valued at $83,689,000 after purchasing an additional 25,237 shares during the last quarter. 87.84% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other 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 transaction of $1,252,755.00. Following the sale, the vice president now owns 9,408 shares of the company's stock, valued at $2,963,520. The trade was a 29.71 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Daas Kaj Den sold 1,000 shares of the firm's stock in a transaction that occurred 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 transaction, 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. Insiders sold 21,977 shares of company stock valued at $6,971,695 in the last three months. 2.00% of the stock is owned by corporate insiders.

Valmont Industries Stock Up 1.0 %

Shares of VMI traded up $3.48 during mid-day trading on Friday, hitting $342.22. 237,906 shares of the company traded hands, compared to its average volume of 154,553. The business has a 50 day moving average of $310.53 and a 200 day moving average of $285.16. Valmont Industries, Inc. has a 1-year low of $202.01 and a 1-year high of $352.57. The company has a quick ratio of 1.55, a current ratio of 2.35 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $6.85 billion, a PE ratio of 23.25 and a beta of 1.02.

Valmont Industries (NYSE:VMI - Get Free Report) last released its quarterly earnings results 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 net margin of 7.38% and a return on equity of 23.10%. The company had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same quarter last year, the business earned $4.12 earnings per share. The firm's revenue was down 2.9% on a year-over-year basis. Equities research analysts anticipate 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. Stockholders 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 annualized dividend and a dividend yield of 0.70%. Valmont Industries's dividend payout ratio is presently 16.30%.

Wall Street Analyst Weigh In

A number of brokerages have commented on VMI. StockNews.com raised shares of Valmont Industries from a "buy" rating to a "strong-buy" rating in a report on Monday, August 12th. DA Davidson upped their target price on shares of 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 target 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.

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.