Nordea Investment Management AB Buys 2,521 Shares of Valmont Industries, Inc. (NYSE:VMI)

Nordea Investment Management AB lifted its holdings in Valmont Industries, Inc. (NYSE:VMI - Free Report) by 16.9% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 17,421 shares of the industrial products company's stock after acquiring an additional 2,521 shares during the period. Nordea Investment Management AB owned approximately 0.09% of Valmont Industries worth $5,326,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of VMI. JPMorgan Chase & Co. grew its holdings in shares of Valmont Industries by 9.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 292,901 shares of the industrial products company's stock worth $84,927,000 after purchasing an additional 24,224 shares in the last quarter. Franklin Resources Inc. grew its stake in Valmont Industries by 57.6% during the third quarter. Franklin Resources Inc. now owns 407,308 shares of the industrial products company's stock worth $123,512,000 after buying an additional 148,811 shares in the last quarter. Synovus Financial Corp increased its holdings in Valmont Industries by 65.7% in the 3rd quarter. Synovus Financial Corp now owns 3,837 shares of the industrial products company's stock valued at $1,113,000 after buying an additional 1,522 shares during the period. Tidal Investments LLC raised its position in shares of Valmont Industries by 12.2% in the 3rd quarter. Tidal Investments LLC now owns 5,809 shares of the industrial products company's stock valued at $1,684,000 after buying an additional 633 shares in the last quarter. Finally, Sanctuary Advisors LLC bought a new stake in shares of Valmont Industries during the 3rd quarter worth approximately $698,000. 87.84% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on VMI. Stifel Nicolaus lifted their price objective on shares of Valmont Industries from $360.00 to $382.00 and gave the company a "buy" rating in a research note on Wednesday, December 11th. DA Davidson lifted their price target on Valmont Industries from $340.00 to $380.00 and gave the company a "buy" rating in a research note on Thursday, October 24th.

Insider Transactions at Valmont Industries

In other news, Director Daas Kaj Den sold 1,000 shares of the firm's stock in a transaction on 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 of the company's stock, valued at approximately $2,928,414.32. This trade represents a 10.37 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP R Andrew Massey sold 3,977 shares of Valmont Industries stock in a transaction on Friday, October 25th. The stock was sold at an average price of $315.00, for a total transaction 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 trade represents a 29.71 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 41,977 shares of company stock worth $13,950,095. Insiders own 2.00% of the company's stock.

Valmont Industries Price Performance

Shares of Valmont Industries stock traded down $5.00 during midday trading on Friday, hitting $302.51. 83,509 shares of the company traded hands, compared to its average volume of 111,018. The firm's fifty day moving average price is $328.56 and its 200-day moving average price is $300.95. The stock has a market cap of $6.06 billion, a price-to-earnings ratio of 20.55 and a beta of 1.05. Valmont Industries, Inc. has a 12 month low of $202.01 and a 12 month high of $354.13. 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 (NYSE:VMI - Get Free Report) last posted its earnings results 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 net margin of 7.38% and a return on equity of 23.10%. 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 previous year, the firm posted $4.12 earnings per share. The company's revenue was down 2.9% on a year-over-year basis. As a group, sell-side analysts forecast that Valmont Industries, Inc. will post 16.85 earnings per share for the current year.

Valmont Industries Dividend Announcement

The company also recently declared 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 0.79%. The ex-dividend date of this dividend is Friday, December 27th. Valmont Industries's payout ratio is 16.30%.

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.