Healthcare of Ontario Pension Plan Trust Fund Buys New Shares in Valmont Industries, Inc. (NYSE:VMI)

Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in Valmont Industries, Inc. (NYSE:VMI - Free Report) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 5,410 shares of the industrial products company's stock, valued at approximately $1,569,000.

Several other large investors have also recently made changes to their positions in VMI. Dimensional Fund Advisors LP boosted its position in Valmont Industries by 3.5% in 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 buying an additional 14,168 shares during the period. FMR LLC boosted its stake in shares of Valmont Industries by 4.0% in the 3rd 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 acquired a new position in shares of Valmont Industries during the second quarter worth about $91,878,000. Copeland Capital Management LLC increased its stake in shares of Valmont Industries by 0.9% during 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 during the period. Finally, Segall Bryant & Hamill LLC raised its holdings 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 valued at $83,689,000 after acquiring an additional 25,237 shares in the last quarter. 87.84% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

VMI has been the subject of several recent analyst reports. Stifel Nicolaus lifted their price objective 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. StockNews.com raised Valmont Industries from a "buy" rating to a "strong-buy" rating in a research report on Monday, August 12th. 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 note on Thursday, October 24th.

Valmont Industries Stock Performance

Shares of VMI stock traded up $1.52 during mid-day trading on Monday, hitting $349.38. 120,094 shares of the stock were exchanged, compared to its average volume of 153,503. The stock's fifty day simple moving average is $317.56 and its two-hundred day simple moving average is $288.89. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.55 and a current ratio of 2.35. Valmont Industries, Inc. has a 12-month low of $202.01 and a 12-month high of $354.13. The stock has a market capitalization of $7.00 billion, a price-to-earnings ratio of 23.63 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 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 EPS. Valmont Industries's revenue for the quarter was down 2.9% on a year-over-year basis. On average, analysts forecast that Valmont Industries, Inc. will post 16.86 EPS for the current 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 given a $0.60 dividend. The ex-dividend date is Friday, December 27th. This represents a $2.40 dividend on an annualized basis and a yield of 0.69%. Valmont Industries's dividend payout ratio (DPR) is 16.30%.

Insider Buying and Selling at Valmont Industries

In other Valmont Industries news, VP R Andrew Massey sold 3,977 shares of the stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $315.00, for a total value of $1,252,755.00. Following the completion of the transaction, the vice president now directly owns 9,408 shares of the company's stock, valued at approximately $2,963,520. This trade represents a 29.71 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through 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 transaction of $5,380,160.00. Following the completion of the sale, the director now owns 154,730 shares in the company, valued at $48,968,950.40. This represents a 9.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 21,977 shares of company stock valued at $6,971,695. 2.00% of the stock is owned by company insiders.

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.