Compagnie Lombard Odier SCmA Raises Holdings in Valmont Industries, Inc. (NYSE:VMI)

Compagnie Lombard Odier SCmA increased its stake in shares of Valmont Industries, Inc. (NYSE:VMI - Free Report) by 84.3% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 6,277 shares of the industrial products company's stock after purchasing an additional 2,872 shares during the period. Compagnie Lombard Odier SCmA's holdings in Valmont Industries were worth $1,820,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Exchange Traded Concepts LLC acquired a new position in Valmont Industries in the 3rd quarter valued at about $39,000. Inspire Investing LLC grew its holdings in shares of Valmont Industries by 9.7% in the third quarter. Inspire Investing LLC now owns 1,450 shares of the industrial products company's stock valued at $420,000 after purchasing an additional 128 shares in the last quarter. UMB Bank n.a. increased its stake in Valmont Industries by 3.1% during the 3rd quarter. UMB Bank n.a. now owns 1,303 shares of the industrial products company's stock worth $378,000 after buying an additional 39 shares during the period. GAMMA Investing LLC lifted its holdings in Valmont Industries by 117.4% during the 3rd quarter. GAMMA Investing LLC now owns 100 shares of the industrial products company's stock worth $29,000 after buying an additional 54 shares in the last quarter. Finally, Cetera Investment Advisers boosted its position in Valmont Industries by 3.9% in the 2nd quarter. Cetera Investment Advisers now owns 8,173 shares of the industrial products company's stock valued at $2,243,000 after buying an additional 304 shares during the period. Institutional investors and hedge funds own 87.84% of the company's stock.

Insider Activity

In related news, CFO Timothy P. Francis sold 2,300 shares of the firm's stock in a transaction dated Tuesday, July 30th. The stock was sold at an average price of $298.49, for a total transaction of $686,527.00. Following the transaction, the chief financial officer now owns 9,471 shares of the company's stock, valued at $2,826,998.79. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, Director Theodor Werner Freye sold 1,600 shares of the firm's stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $300.12, for a total value of $480,192.00. Following the completion of the sale, the director now owns 3,685 shares in the company, valued at approximately $1,105,942.20. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Timothy P. Francis sold 2,300 shares of the business's stock in a transaction dated Tuesday, July 30th. The stock was sold at an average price of $298.49, for a total transaction of $686,527.00. Following the transaction, the chief financial officer now owns 9,471 shares in the company, valued at approximately $2,826,998.79. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 2.00% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on VMI. DA Davidson increased their price objective on Valmont Industries from $300.00 to $340.00 and gave the company a "buy" rating in a research note on Friday, July 26th. StockNews.com raised shares of Valmont Industries from a "buy" rating to a "strong-buy" rating in a report on Monday, August 12th. Finally, Stifel Nicolaus boosted their price target on shares of Valmont Industries from $285.00 to $325.00 and gave the stock a "buy" rating in a report on Thursday, July 18th. One investment analyst has rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of $332.50.

Valmont Industries Stock Up 2.7 %

Shares of NYSE:VMI traded up $7.85 on Friday, hitting $301.15. 101,046 shares of the company's stock were exchanged, compared to its average volume of 92,461. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.63 and a current ratio of 2.53. Valmont Industries, Inc. has a 1-year low of $188.63 and a 1-year high of $307.67. The company has a market capitalization of $6.07 billion, a PE ratio of 36.33 and a beta of 1.02. The firm's 50-day moving average is $282.36 and its 200 day moving average is $263.47.

Valmont Industries (NYSE:VMI - Get Free Report) last announced its quarterly earnings results on Wednesday, July 24th. The industrial products company reported $4.76 earnings per share for the quarter, beating analysts' consensus estimates of $4.04 by $0.72. Valmont Industries had a net margin of 4.09% and a return on equity of 23.30%. The firm had revenue of $1.04 billion during the quarter, compared to analysts' expectations of $1.06 billion. Sell-side analysts predict that Valmont Industries, Inc. will post 16.76 EPS for the current year.

Valmont Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Friday, September 27th will be paid a $0.60 dividend. The ex-dividend date of this dividend is Friday, September 27th. This represents a $2.40 dividend on an annualized basis and a yield of 0.80%. Valmont Industries's dividend payout ratio is presently 28.95%.

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.