National Bank of Canada FI Purchases 4,192 Shares of Valmont Industries, Inc. (NYSE:VMI)

National Bank of Canada FI boosted its position in Valmont Industries, Inc. (NYSE:VMI - Free Report) by 52,400.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,200 shares of the industrial products company's stock after acquiring an additional 4,192 shares during the quarter. National Bank of Canada FI's holdings in Valmont Industries were worth $1,218,000 as of its most recent filing with the Securities & Exchange Commission.

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

Valmont Industries Trading Down 0.4 %

Shares of Valmont Industries stock traded down $1.40 during trading on Friday, reaching $327.82. 90,846 shares of the stock were exchanged, compared to its average volume of 113,002. 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 firm has a market cap of $6.57 billion, a price-to-earnings ratio of 22.27 and a beta of 1.03. Valmont Industries, Inc. has a 1 year low of $202.01 and a 1 year high of $354.13. The stock's fifty day moving average is $327.72 and its 200 day moving average is $294.75.

Valmont Industries (NYSE:VMI - Get Free Report) last issued its quarterly earnings data on Tuesday, October 22nd. The industrial products company reported $4.11 earnings per share for the quarter, topping 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 analyst estimates of $1.02 billion. During the same period last year, the company earned $4.12 EPS. The business's quarterly revenue was down 2.9% compared to the same quarter last year. As a group, equities research analysts expect that Valmont Industries, Inc. will post 16.85 earnings per share for the current fiscal year.

Valmont Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Friday, December 27th will be paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date of this dividend is Friday, December 27th. Valmont Industries's payout ratio is 16.30%.

Insider Activity at Valmont Industries

In related news, Director Mogens C. Bay sold 17,000 shares of Valmont Industries stock in a transaction dated 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. This trade represents a 9.90 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Daas Kaj Den sold 1,000 shares of the company's stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $338.78, for a total transaction of $338,780.00. Following the completion of the sale, 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 41,977 shares of company stock worth $13,950,095 over the last 90 days. 2.00% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on VMI. DA Davidson lifted their price target on Valmont Industries from $340.00 to $380.00 and gave the stock a "buy" rating in a research note on Thursday, October 24th. Stifel Nicolaus lifted their target price on shares of Valmont Industries from $360.00 to $382.00 and gave the stock a "buy" rating in a research note on Wednesday.

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.