Quest Partners LLC Has $899,000 Stock Holdings in Valmont Industries, Inc. (NYSE:VMI)

Quest Partners LLC boosted its holdings in Valmont Industries, Inc. (NYSE:VMI - Free Report) by 366.9% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,100 shares of the industrial products company's stock after purchasing an additional 2,436 shares during the quarter. Quest Partners LLC's holdings in Valmont Industries were worth $899,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of VMI. US Bancorp DE boosted its stake in shares of Valmont Industries by 38.8% in the first quarter. US Bancorp DE now owns 2,631 shares of the industrial products company's stock valued at $601,000 after buying an additional 736 shares during the period. Seven Eight Capital LP acquired a new position in Valmont Industries in the 1st quarter valued at $636,000. CANADA LIFE ASSURANCE Co lifted its position in shares of Valmont Industries by 0.5% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 14,190 shares of the industrial products company's stock valued at $3,240,000 after acquiring an additional 67 shares during the period. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Valmont Industries during the 1st quarter worth $122,000. Finally, Tidal Investments LLC increased its position in shares of Valmont Industries by 8.6% in the first quarter. Tidal Investments LLC now owns 3,186 shares of the industrial products company's stock worth $727,000 after purchasing an additional 253 shares during the period. Institutional investors own 87.84% of the company's stock.

Insider Transactions at Valmont Industries

In other news, VP R Andrew Massey sold 3,977 shares of the business's stock in a transaction dated Friday, October 25th. The stock was 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 $2,963,520. The trade was a 29.71 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Mogens C. Bay sold 17,000 shares of the company's stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $316.48, for a total value of $5,380,160.00. Following the sale, the director now owns 154,730 shares in the company, valued at approximately $48,968,950.40. The trade was a 9.90 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 21,977 shares of company stock worth $6,971,695 over the last ninety days. 2.00% of the stock is owned by insiders.

Valmont Industries Stock Performance

Shares of VMI stock opened at $339.97 on Thursday. The business's 50-day moving average price is $307.85 and its 200-day moving average price is $284.13. Valmont Industries, Inc. has a 12 month low of $202.01 and a 12 month high of $352.57. 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 market capitalization of $6.81 billion, a price-to-earnings ratio of 23.10 and a beta of 1.02.

Valmont Industries (NYSE:VMI - Get Free Report) last announced its quarterly earnings results on Tuesday, October 22nd. The industrial products company reported $4.11 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts' expectations of $1.02 billion. During the same period in the prior year, the company posted $4.12 EPS. The company's revenue was down 2.9% on a year-over-year basis. Equities research analysts forecast that Valmont Industries, Inc. will post 16.86 EPS for the current year.

Valmont Industries Dividend Announcement

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 is Friday, December 27th. This represents a $2.40 annualized dividend and a dividend yield of 0.71%. Valmont Industries's payout ratio is 16.30%.

Wall Street Analyst Weigh In

Several brokerages have commented on VMI. DA Davidson boosted their price objective on shares of Valmont Industries from $340.00 to $380.00 and gave the company a "buy" rating in a research report on Thursday, October 24th. Stifel Nicolaus boosted their price target on Valmont Industries from $350.00 to $360.00 and gave the stock 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 research note 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.