Hantz Financial Services Inc. Increases Holdings in Valmont Industries, Inc. (NYSE:VMI)

Hantz Financial Services Inc. grew its holdings in shares of Valmont Industries, Inc. (NYSE:VMI - Free Report) by 37.1% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,374 shares of the industrial products company's stock after purchasing an additional 2,266 shares during the quarter. Hantz Financial Services Inc.'s holdings in Valmont Industries were worth $2,428,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Dimensional Fund Advisors LP raised its stake in shares of Valmont Industries by 3.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 418,722 shares of the industrial products company's stock valued at $114,919,000 after purchasing an additional 14,168 shares during the period. FMR LLC increased its position in shares of Valmont Industries by 4.0% during the third quarter. FMR LLC now owns 349,426 shares of the industrial products company's stock valued at $101,316,000 after buying an additional 13,509 shares during the period. Earnest Partners LLC purchased a new stake in shares of Valmont Industries in the second quarter worth about $91,878,000. Copeland Capital Management LLC lifted its holdings in shares of Valmont Industries by 0.9% in the third quarter. Copeland Capital Management LLC now owns 307,338 shares of the industrial products company's stock worth $89,113,000 after buying an additional 2,869 shares in the last quarter. Finally, Segall Bryant & Hamill LLC grew its stake in 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 acquiring an additional 25,237 shares in the last quarter. Hedge funds and other institutional investors own 87.84% of the company's stock.

Insider Buying and Selling

In other Valmont Industries 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 value of $1,252,755.00. Following the completion of the sale, the vice president now owns 9,408 shares in the company, valued at approximately $2,963,520. The trade was a 29.71 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Daas Kaj Den sold 1,000 shares of the stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $338.78, for a total value of $338,780.00. Following 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 position. The disclosure for this sale can be found here. Insiders sold 21,977 shares of company stock worth $6,971,695 in the last quarter. 2.00% of the stock is owned by insiders.

Valmont Industries Price Performance

VMI stock traded down $4.28 during midday trading on Friday, reaching $347.86. The company had a trading volume of 87,061 shares, compared to its average volume of 118,829. The firm has a 50-day moving average price of $317.56 and a 200-day moving average price of $288.69. The company has a market capitalization of $6.97 billion, a P/E ratio of 23.63 and a beta of 1.02. Valmont Industries, Inc. has a 1 year low of $202.01 and a 1 year high of $354.13. 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 announced its earnings results on Tuesday, October 22nd. The industrial products company reported $4.11 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analyst estimates of $1.02 billion. During the same period in the previous year, the business earned $4.12 earnings per share. The firm's quarterly revenue was down 2.9% compared to the same quarter last year. On average, research analysts anticipate that Valmont Industries, Inc. will post 16.86 earnings per share for the current fiscal year.

Valmont Industries Dividend Announcement

The company also recently disclosed 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. The ex-dividend date is Friday, December 27th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.69%. Valmont Industries's dividend payout ratio is 16.30%.

Analysts Set New Price Targets

Several analysts have issued reports on VMI shares. StockNews.com upgraded shares of Valmont Industries from a "buy" rating to a "strong-buy" rating in a research note on Monday, August 12th. 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 note on Thursday, October 24th. Finally, Stifel Nicolaus upped their target price on Valmont Industries from $350.00 to $360.00 and gave the stock a "buy" rating in a research note on Thursday, October 24th.

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.