Point72 DIFC Ltd Makes New Investment in Valmont Industries, Inc. (NYSE:VMI)

Point72 DIFC Ltd acquired a new position in shares of Valmont Industries, Inc. (NYSE:VMI - Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,714 shares of the industrial products company's stock, valued at approximately $787,000.

Several other hedge funds also recently modified their holdings of the company. Cetera Investment Advisers acquired a new stake in shares of Valmont Industries in the first quarter valued at $1,796,000. Mather Group LLC. raised its stake in shares of Valmont Industries by 2,060.0% in the second quarter. Mather Group LLC. now owns 108 shares of the industrial products company's stock worth $30,000 after acquiring an additional 103 shares during the last quarter. CX Institutional lifted its position in shares of Valmont Industries by 10.7% during the second quarter. CX Institutional now owns 3,570 shares of the industrial products company's stock worth $980,000 after purchasing an additional 346 shares in the last quarter. NorthCrest Asset Manangement LLC bought a new stake in shares of Valmont Industries during the second quarter valued at approximately $342,000. Finally, ORG Partners LLC acquired a new stake in shares of Valmont Industries in the second quarter valued at approximately $1,812,000. Institutional investors and hedge funds own 87.84% of the company's stock.

Valmont Industries Trading Down 2.0 %

VMI stock traded down $6.97 during midday trading on Friday, reaching $338.45. The company's stock had a trading volume of 81,383 shares, compared to its average volume of 152,452. The business's 50-day simple moving average is $322.46 and its 200-day simple moving average is $290.94. The company has a quick ratio of 1.55, a current ratio of 2.35 and a debt-to-equity ratio of 0.58. Valmont Industries, Inc. has a 52 week low of $202.01 and a 52 week high of $354.13. The stock has a market cap of $6.78 billion, a PE ratio of 23.28 and a beta of 1.03.

Valmont Industries (NYSE:VMI - Get Free Report) last posted its quarterly earnings results on Tuesday, October 22nd. The industrial products company reported $4.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.00 by $0.11. The business had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.02 billion. Valmont Industries had a return on equity of 23.10% and a net margin of 7.38%. The firm's revenue was down 2.9% on a year-over-year basis. During the same period last year, the company earned $4.12 EPS. As a group, sell-side analysts expect that Valmont Industries, Inc. will post 16.86 EPS for the current year.

Valmont Industries Announces Dividend

The business 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 $0.60 dividend. The ex-dividend date of this dividend is Friday, December 27th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.71%. Valmont Industries's dividend payout ratio (DPR) is presently 16.30%.

Insider Activity at Valmont Industries

In other news, Director Mogens C. Bay sold 20,000 shares of the firm's stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $348.92, for a total transaction of $6,978,400.00. Following the sale, the director now owns 131,730 shares of the company's stock, valued at $45,963,231.60. This trade represents a 13.18 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Daas Kaj Den sold 1,000 shares of the business's 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 completion of the transaction, the director now owns 8,644 shares of the company's stock, valued at $2,928,414.32. This represents a 10.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 41,977 shares of company stock worth $13,950,095 in the last ninety days. Company insiders own 2.00% of the company's stock.

Analyst Ratings Changes

Several research analysts have issued reports on VMI shares. DA Davidson upped their price objective on Valmont Industries from $340.00 to $380.00 and gave the stock a "buy" rating in a report on Thursday, October 24th. Stifel Nicolaus raised their price target on Valmont Industries from $350.00 to $360.00 and gave the company a "buy" rating in a report on Thursday, October 24th. Finally, StockNews.com raised Valmont Industries from a "buy" rating to a "strong-buy" rating in a report on Monday, August 12th.

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.