Oak Thistle LLC Buys Shares of 1,721 Valmont Industries, Inc. (NYSE:VMI)

Oak Thistle LLC purchased a new stake in shares of Valmont Industries, Inc. (NYSE:VMI - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 1,721 shares of the industrial products company's stock, valued at approximately $528,000.

A number of other large investors have also recently bought and sold shares of VMI. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Valmont Industries during the 3rd quarter worth approximately $466,000. Foundry Partners LLC acquired a new stake in Valmont Industries in the third quarter worth $4,158,000. De Lisle Partners LLP grew its holdings in Valmont Industries by 44.6% in the third quarter. De Lisle Partners LLP now owns 18,800 shares of the industrial products company's stock worth $5,454,000 after purchasing an additional 5,800 shares during the period. Vaughan Nelson Investment Management L.P. increased its stake in 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 valued at $60,497,000 after purchasing an additional 23,765 shares in the last quarter. Finally, Sanctuary Advisors LLC acquired a new position in shares of Valmont Industries during the third quarter valued at about $698,000. 87.84% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

VMI has been the subject of a number of research analyst reports. Stifel Nicolaus boosted their target price on Valmont Industries from $360.00 to $382.00 and gave the company a "buy" rating in a research report on Wednesday, December 11th. DA Davidson upped their target price on Valmont Industries from $340.00 to $380.00 and gave the stock a "buy" rating in a research report on Thursday, October 24th.

Insider Transactions at Valmont Industries

In other news, Director Mogens C. Bay sold 20,000 shares of the business's stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $348.92, for a total value of $6,978,400.00. Following the transaction, the director now owns 131,730 shares in the company, valued at $45,963,231.60. The trade was a 13.18 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Daas Kaj Den sold 1,000 shares of the stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $338.78, for a total value of $338,780.00. Following the sale, the director now directly owns 8,644 shares of the company's stock, valued at $2,928,414.32. The trade was a 10.37 % 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 quarter. 2.00% of the stock is currently owned by corporate insiders.

Valmont Industries Stock Up 0.3 %

Shares of VMI traded up $1.00 on Friday, reaching $337.00. The company's stock had a trading volume of 183,795 shares, compared to its average volume of 138,963. Valmont Industries, Inc. has a twelve month low of $202.01 and a twelve month high of $354.13. The stock has a market capitalization of $6.75 billion, a PE ratio of 22.89 and a beta of 1.05. The company has a current ratio of 2.35, a quick ratio of 1.55 and a debt-to-equity ratio of 0.58. The firm has a fifty day moving average of $327.44 and a 200-day moving average of $302.04.

Valmont Industries (NYSE:VMI - Get Free Report) last issued its quarterly earnings data on Tuesday, October 22nd. The industrial products company reported $4.11 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $1.02 billion. During the same period in the prior year, the business posted $4.12 earnings per share. The company's quarterly revenue was down 2.9% compared to the same quarter last year. Equities analysts predict that Valmont Industries, Inc. will post 16.85 EPS for the current year.

Valmont Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Friday, December 27th were issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date was Friday, December 27th. Valmont Industries's dividend payout ratio is 16.30%.

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.