JPMorgan Chase & Co. Grows Position in Valmont Industries, Inc. (NYSE:VMI)

JPMorgan Chase & Co. boosted its stake in shares of Valmont Industries, Inc. (NYSE:VMI - Free Report) by 9.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 292,901 shares of the industrial products company's stock after buying an additional 24,224 shares during the quarter. JPMorgan Chase & Co. owned approximately 1.46% of Valmont Industries worth $84,927,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Valmont Industries in the 3rd quarter valued at about $466,000. Foundry Partners LLC bought a new position in Valmont Industries in the 3rd quarter worth about $4,158,000. De Lisle Partners LLP grew its position in shares of Valmont Industries by 44.6% during the 3rd quarter. De Lisle Partners LLP now owns 18,800 shares of the industrial products company's stock valued at $5,454,000 after purchasing an additional 5,800 shares in the last quarter. Vaughan Nelson Investment Management L.P. increased its position in shares of Valmont Industries by 12.9% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 208,645 shares of the industrial products company's stock worth $60,497,000 after purchasing an additional 23,765 shares during the last quarter. Finally, Global Alpha Capital Management Ltd. raised its position in Valmont Industries by 69.9% during the third quarter. Global Alpha Capital Management Ltd. now owns 7,287 shares of the industrial products company's stock valued at $2,113,000 after purchasing an additional 2,997 shares in the last quarter. 87.84% of the stock is currently owned by institutional investors.

Valmont Industries Price Performance

Shares of NYSE:VMI traded up $4.65 during midday trading on Friday, reaching $309.81. 61,840 shares of the company were exchanged, compared to its average volume of 61,920. The stock has a market cap of $6.21 billion, a PE ratio of 21.05 and a beta of 1.03. The business's fifty day moving average is $329.71 and its two-hundred day moving average is $299.63. The company has a current ratio of 2.35, a quick ratio of 1.55 and a debt-to-equity ratio of 0.58. Valmont Industries, Inc. has a one year low of $202.01 and a one year high of $354.13.

Valmont Industries (NYSE:VMI - Get Free Report) last released its earnings results on Tuesday, October 22nd. The industrial products company reported $4.11 EPS for the quarter, beating analysts' consensus estimates of $4.00 by $0.11. Valmont Industries had a return on equity of 23.10% and a net margin of 7.38%. The firm had revenue of $1.02 billion for the quarter, compared to analysts' expectations of $1.02 billion. During the same quarter in the prior year, the firm posted $4.12 earnings per share. The company's quarterly revenue was down 2.9% on a year-over-year basis. As a group, analysts predict that Valmont Industries, Inc. will post 16.85 earnings per share for the current year.

Valmont Industries Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Friday, December 27th will be paid a $0.60 dividend. The ex-dividend date is Friday, December 27th. This represents a $2.40 annualized dividend and a yield of 0.77%. Valmont Industries's dividend payout ratio (DPR) is presently 16.30%.

Analyst Ratings Changes

VMI has been the subject of several analyst reports. Stifel Nicolaus increased their target price on Valmont Industries from $360.00 to $382.00 and gave the company a "buy" rating in a report on Wednesday, December 11th. DA Davidson increased 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.

Insider Buying and Selling

In related news, VP R Andrew Massey sold 3,977 shares of the stock in a transaction that occurred on 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 transaction, the vice president now owns 9,408 shares in the company, valued at approximately $2,963,520. This represents a 29.71 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mogens C. Bay sold 17,000 shares of the business's 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 transaction, the director now owns 154,730 shares of the company's stock, 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. Insiders sold a total of 41,977 shares of company stock worth $13,950,095 in the last 90 days. 2.00% of the stock is owned by corporate insiders.

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.