Global Alpha Capital Management Ltd. Has $2.11 Million Position in Valmont Industries, Inc. (NYSE:VMI)

Global Alpha Capital Management Ltd. lifted its stake in shares of Valmont Industries, Inc. (NYSE:VMI - Free Report) by 69.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 7,287 shares of the industrial products company's stock after purchasing an additional 2,997 shares during the quarter. Global Alpha Capital Management Ltd.'s holdings in Valmont Industries were worth $2,113,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. GAMMA Investing LLC lifted its stake in shares of Valmont Industries by 117.4% in the 3rd quarter. GAMMA Investing LLC now owns 100 shares of the industrial products company's stock worth $29,000 after acquiring an additional 54 shares during the period. Mather Group LLC. boosted its position in Valmont Industries by 2,060.0% during the 2nd quarter. Mather Group LLC. now owns 108 shares of the industrial products company's stock worth $30,000 after acquiring an additional 103 shares during the period. Exchange Traded Concepts LLC acquired a new stake in shares of Valmont Industries during the third quarter worth approximately $39,000. Quarry LP increased its stake in Valmont Industries by 268.0% in the 2nd quarter. Quarry LP now owns 184 shares of the industrial products company's stock valued at $50,000 after buying an additional 134 shares during the period. Finally, Versant Capital Management Inc acquired a new stake in shares of Valmont Industries during the 2nd quarter valued at $52,000. Institutional investors and hedge funds own 87.84% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on VMI. DA Davidson raised their price objective on shares of 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 increased their price target on shares of Valmont Industries from $350.00 to $360.00 and gave the company a "buy" rating in a report on Thursday, October 24th. Finally, StockNews.com raised Valmont Industries from a "buy" rating to a "strong-buy" rating in a report on Monday, August 12th.

Insider Activity

In other Valmont Industries news, Director Mogens C. Bay sold 17,000 shares of Valmont Industries stock in a transaction on 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 completion of 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Daas Kaj Den sold 1,000 shares of the company's stock in a transaction dated 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 transaction, the director now 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. Insiders have sold a total of 21,977 shares of company stock worth $6,971,695 over the last three months. Corporate insiders own 1.90% of the company's stock.

Valmont Industries Trading Up 0.2 %

Shares of VMI stock traded up $0.61 on Wednesday, reaching $340.24. 101,287 shares of the stock were exchanged, compared to its average volume of 154,012. 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, Inc. has a one year low of $202.01 and a one year high of $352.57. The stock has a market cap of $6.82 billion, a PE ratio of 23.09 and a beta of 1.02. The stock has a 50 day moving average price of $306.42 and a 200 day moving average price of $283.73.

Valmont Industries (NYSE:VMI - Get Free Report) last issued its 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 firm had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter in the prior year, the firm earned $4.12 earnings per share. The business's quarterly revenue was down 2.9% on a year-over-year basis. Equities research analysts forecast that Valmont Industries, Inc. will post 16.86 EPS for the current fiscal year.

Valmont Industries Dividend Announcement

The business also recently disclosed 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. This represents a $2.40 annualized dividend and a dividend yield of 0.71%. The ex-dividend date is Friday, December 27th. Valmont Industries's dividend payout ratio is 16.30%.

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.