Sanctuary Advisors LLC Purchases Shares of 2,408 Valmont Industries, Inc. (NYSE:VMI)

Sanctuary Advisors LLC purchased a new stake in shares of Valmont Industries, Inc. (NYSE:VMI - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,408 shares of the industrial products company's stock, valued at approximately $698,000.

A number of other hedge funds also recently added to or reduced their stakes in the company. Point72 Asia Singapore Pte. Ltd. bought a new position in Valmont Industries during the 3rd quarter valued at about $466,000. Foundry Partners LLC purchased a new position in shares of Valmont Industries during the third quarter valued at approximately $4,158,000. De Lisle Partners LLP raised its holdings in shares of Valmont Industries by 44.6% during the third quarter. De Lisle Partners LLP now owns 18,800 shares of the industrial products company's stock valued at $5,454,000 after purchasing an additional 5,800 shares during the last quarter. Vaughan Nelson Investment Management L.P. lifted its position in Valmont Industries by 12.9% during 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 during the period. Finally, Global Alpha Capital Management Ltd. boosted its holdings in Valmont Industries by 69.9% in the third quarter. Global Alpha Capital Management Ltd. now owns 7,287 shares of the industrial products company's stock worth $2,113,000 after purchasing an additional 2,997 shares during the last quarter. 87.84% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on VMI shares. DA Davidson boosted their target price on shares of Valmont Industries from $340.00 to $380.00 and gave the company a "buy" rating in a research note on Thursday, October 24th. Stifel Nicolaus upped their price objective on Valmont Industries from $360.00 to $382.00 and gave the company a "buy" rating in a research report on Wednesday, December 11th.

Valmont Industries Stock Performance

Shares of VMI traded up $2.85 on Wednesday, reaching $311.39. The company's stock had a trading volume of 35,975 shares, compared to its average volume of 152,747. The stock's 50 day simple moving average is $330.21 and its two-hundred day simple moving average is $297.97. 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 capitalization of $6.24 billion, a P/E ratio of 21.15 and a beta of 1.03. Valmont Industries, Inc. has a 12-month low of $202.01 and a 12-month high of $354.13.

Valmont Industries (NYSE:VMI - Get Free Report) last posted 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 analyst estimates of $1.02 billion. During the same period in the prior year, the business posted $4.12 EPS. Valmont Industries's revenue was down 2.9% on a year-over-year basis. Research analysts forecast that Valmont Industries, Inc. will post 16.85 earnings per share for the current fiscal year.

Valmont Industries Announces Dividend

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 paid 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 dividend yield of 0.77%. Valmont Industries's dividend payout ratio (DPR) is presently 16.30%.

Insider Buying and Selling

In related news, VP R Andrew Massey sold 3,977 shares of the stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $315.00, for a total transaction of $1,252,755.00. Following the completion of the sale, the vice president now owns 9,408 shares in the company, valued at approximately $2,963,520. This trade represents a 29.71 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 completion of the transaction, the director now directly owns 131,730 shares in the company, valued at approximately $45,963,231.60. This represents a 13.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 41,977 shares of company stock valued at $13,950,095. 1.90% of the stock is owned by corporate insiders.

About Valmont Industries

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.