Thurston Springer Miller Herd & Titak Inc. Boosts Stock Position in Valmont Industries, Inc. (NYSE:VMI)

Thurston Springer Miller Herd & Titak Inc. lifted its holdings in shares of Valmont Industries, Inc. (NYSE:VMI - Free Report) by 93,000.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,862 shares of the industrial products company's stock after purchasing an additional 1,860 shares during the period. Thurston Springer Miller Herd & Titak Inc.'s holdings in Valmont Industries were worth $571,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of VMI. GAMMA Investing LLC increased its position in shares of Valmont Industries by 117.4% during the third quarter. GAMMA Investing LLC now owns 100 shares of the industrial products company's stock worth $29,000 after buying an additional 54 shares during the period. Sunbelt Securities Inc. bought a new position in Valmont Industries in the 3rd quarter valued at about $35,000. Exchange Traded Concepts LLC purchased a new stake in Valmont Industries in the 3rd quarter valued at $39,000. Quarry LP raised 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 valued at $50,000 after purchasing an additional 134 shares during the last quarter. Finally, Point72 Asset Management L.P. purchased a new stake in Valmont Industries in the 3rd quarter valued at about $58,000. Institutional investors own 87.84% of the company's stock.

Valmont Industries Price Performance

NYSE VMI traded up $10.29 during trading hours on Thursday, hitting $335.69. The company had a trading volume of 183,161 shares, compared to its average volume of 134,556. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.55 and a current ratio of 2.35. The firm has a market capitalization of $6.72 billion, a price-to-earnings ratio of 22.81 and a beta of 1.05. Valmont Industries, Inc. has a 52 week low of $202.01 and a 52 week high of $354.13. The firm has a 50 day simple moving average of $327.56 and a 200 day simple moving average of $301.81.

Valmont Industries (NYSE:VMI - Get Free Report) last released its quarterly earnings data 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. The company had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.02 billion. Valmont Industries had a net margin of 7.38% and a return on equity of 23.10%. Valmont Industries's revenue was down 2.9% compared to the same quarter last year. During the same period last year, the business earned $4.12 earnings per share. Equities research analysts expect that Valmont Industries, Inc. will post 16.85 earnings per share for the current year.

Valmont Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Friday, December 27th were issued a $0.60 dividend. The ex-dividend date of this dividend was Friday, December 27th. This represents a $2.40 annualized dividend and a dividend yield of 0.71%. Valmont Industries's payout ratio is currently 16.30%.

Wall Street Analysts Forecast Growth

VMI has been the topic of a number of recent analyst reports. DA Davidson lifted their target price on Valmont Industries from $340.00 to $380.00 and gave the stock a "buy" rating in a research note on Thursday, October 24th. Stifel Nicolaus upped their price target on shares of Valmont Industries from $360.00 to $382.00 and gave the company a "buy" rating in a research note on Wednesday, December 11th.

Insider Buying and Selling

In related news, VP R Andrew Massey sold 3,977 shares of the company's stock in a transaction that occurred 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 in the company, valued at approximately $2,963,520. This represents a 29.71 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Daas Kaj Den sold 1,000 shares of Valmont Industries stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $338.78, for a total transaction of $338,780.00. Following the sale, the director now owns 8,644 shares of the company's stock, valued at approximately $2,928,414.32. The trade was a 10.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 41,977 shares of company stock worth $13,950,095. Corporate insiders own 1.90% of the company's stock.

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.