Southernsun Asset Management LLC Buys 1,954 Shares of Valmont Industries, Inc. (NYSE:VMI)

Southernsun Asset Management LLC increased its position in shares of Valmont Industries, Inc. (NYSE:VMI - Free Report) by 10.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 20,946 shares of the industrial products company's stock after purchasing an additional 1,954 shares during the period. Valmont Industries makes up about 0.7% of Southernsun Asset Management LLC's portfolio, making the stock its 24th biggest holding. Southernsun Asset Management LLC owned approximately 0.10% of Valmont Industries worth $6,073,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. GAMMA Investing LLC raised its stake in Valmont Industries by 117.4% in the third quarter. GAMMA Investing LLC now owns 100 shares of the industrial products company's stock valued at $29,000 after purchasing an additional 54 shares in the last quarter. Mather Group LLC. boosted its stake in Valmont Industries by 2,060.0% in the second quarter. Mather Group LLC. now owns 108 shares of the industrial products company's stock valued at $30,000 after buying an additional 103 shares in the last quarter. Exchange Traded Concepts LLC acquired a new position in Valmont Industries during the third quarter worth about $39,000. Quarry LP lifted its holdings in shares of Valmont Industries by 268.0% in the second quarter. Quarry LP now owns 184 shares of the industrial products company's stock worth $50,000 after acquiring an additional 134 shares during the last quarter. Finally, Point72 Asset Management L.P. acquired a new stake in shares of Valmont Industries in the 3rd quarter valued at approximately $58,000. 87.84% of the stock is currently owned by institutional investors.

Valmont Industries Stock Down 1.3 %

Valmont Industries stock traded down $4.46 during mid-day trading on Friday, reaching $340.96. The stock had a trading volume of 12,980 shares, compared to its average volume of 152,157. The firm has a market capitalization of $6.83 billion, a PE ratio of 23.28 and a beta of 1.03. Valmont Industries, Inc. has a fifty-two week low of $202.01 and a fifty-two week high of $354.13. The stock's 50-day simple moving average is $322.46 and its 200-day simple moving average is $290.94. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.55 and a current ratio of 2.35.

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

Valmont Industries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Friday, December 27th will be paid a dividend of $0.60 per share. The ex-dividend date of this dividend is Friday, December 27th. This represents a $2.40 dividend on an annualized basis and a yield of 0.70%. Valmont Industries's dividend payout ratio (DPR) is currently 16.30%.

Insiders Place Their Bets

In other news, Director Daas Kaj Den sold 1,000 shares of the company's stock in a transaction 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 sale, the director now owns 8,644 shares in the company, valued at $2,928,414.32. This represents a 10.37 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Mogens C. Bay sold 20,000 shares of the business'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 transaction, the director now owns 131,730 shares in the company, valued at approximately $45,963,231.60. This trade 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. Corporate insiders own 2.00% of the company's stock.

Wall Street Analyst Weigh In

VMI has been the subject of a number of recent research reports. DA Davidson upped their target price 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 boosted their target price on shares of 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 upgraded Valmont Industries from a "buy" rating to a "strong-buy" rating in a report on Monday, August 12th.

Valmont Industries Company 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.