Quantbot Technologies LP Acquires Shares of 8,926 Valmont Industries, Inc. (NYSE:VMI)

Quantbot Technologies LP acquired a new stake in Valmont Industries, Inc. (NYSE:VMI - Free Report) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 8,926 shares of the industrial products company's stock, valued at approximately $2,588,000.

Several other large investors have also made changes to their positions in the business. First Horizon Advisors Inc. boosted its stake in Valmont Industries by 12.5% in the 3rd quarter. First Horizon Advisors Inc. now owns 279 shares of the industrial products company's stock worth $81,000 after purchasing an additional 31 shares during the period. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Valmont Industries by 1.5% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 2,325 shares of the industrial products company's stock worth $674,000 after buying an additional 35 shares in the last quarter. Huntington National Bank boosted its position in shares of Valmont Industries by 16.5% during the third quarter. Huntington National Bank now owns 247 shares of the industrial products company's stock worth $72,000 after acquiring an additional 35 shares during the last quarter. UMB Bank n.a. grew its stake in Valmont Industries by 3.1% during the third quarter. UMB Bank n.a. now owns 1,303 shares of the industrial products company's stock valued at $378,000 after acquiring an additional 39 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC increased its holdings in Valmont Industries by 2.5% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 1,717 shares of the industrial products company's stock valued at $470,000 after acquiring an additional 42 shares during the last quarter. 87.84% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on VMI shares. StockNews.com upgraded Valmont Industries from a "buy" rating to a "strong-buy" rating in a research report on Monday, August 12th. 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, DA Davidson lifted their price objective on Valmont Industries from $340.00 to $380.00 and gave the stock a "buy" rating in a research note on Thursday, October 24th.

Insider Activity

In other Valmont Industries news, VP R Andrew Massey sold 3,977 shares of Valmont Industries stock in a transaction on Friday, October 25th. The shares were sold at an average price of $315.00, for a total value of $1,252,755.00. Following the transaction, the vice president now directly owns 9,408 shares of the company's stock, valued at approximately $2,963,520. The trade was a 29.71 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Daas Kaj Den sold 1,000 shares of the business's stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $338.78, for a total transaction of $338,780.00. Following the sale, the director now directly owns 8,644 shares in the company, valued at approximately $2,928,414.32. This represents a 10.37 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 21,977 shares of company stock valued at $6,971,695. Corporate insiders own 2.00% of the company's stock.

Valmont Industries Price Performance

Shares of Valmont Industries stock traded up $0.17 during trading hours on Thursday, reaching $352.14. The company's stock had a trading volume of 89,720 shares, compared to its average volume of 153,937. The firm has a 50 day moving average price of $314.90 and a 200-day moving average price of $287.43. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.35 and a quick ratio of 1.55. The stock has a market cap of $7.06 billion, a P/E ratio of 23.92 and a beta of 1.02. Valmont Industries, Inc. has a one year low of $202.01 and a one year high of $354.13.

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 the consensus estimate of $4.00 by $0.11. The company had revenue of $1.02 billion for the quarter, compared to analysts' expectations 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 for the quarter was down 2.9% on a year-over-year basis. During the same period in the previous year, the firm posted $4.12 earnings per share. On average, analysts predict that Valmont Industries, Inc. will post 16.86 EPS for the current year.

Valmont Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Friday, December 27th will be issued a dividend of $0.60 per share. The ex-dividend date is Friday, December 27th. This represents a $2.40 dividend on an annualized basis and a yield of 0.68%. Valmont Industries's 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.