De Lisle Partners LLP Grows Stake in Valmont Industries, Inc. (NYSE:VMI)

De Lisle Partners LLP increased its position in Valmont Industries, Inc. (NYSE:VMI - Free Report) by 44.6% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,800 shares of the industrial products company's stock after acquiring an additional 5,800 shares during the period. Valmont Industries makes up about 0.9% of De Lisle Partners LLP's investment portfolio, making the stock its 28th biggest position. De Lisle Partners LLP owned approximately 0.09% of Valmont Industries worth $5,454,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of VMI. Earnest Partners LLC acquired a new stake in shares of Valmont Industries in the 2nd quarter worth approximately $91,878,000. Sei Investments Co. grew its holdings in shares of Valmont Industries by 794.2% in the 2nd quarter. Sei Investments Co. now owns 198,116 shares of the industrial products company's stock worth $54,373,000 after acquiring an additional 175,961 shares during the period. Bank of New York Mellon Corp grew its holdings in shares of Valmont Industries by 39.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 258,845 shares of the industrial products company's stock worth $71,040,000 after acquiring an additional 73,084 shares during the period. Natixis Advisors LLC grew its holdings in shares of Valmont Industries by 113.5% in the 2nd quarter. Natixis Advisors LLC now owns 71,620 shares of the industrial products company's stock worth $19,656,000 after acquiring an additional 38,080 shares during the period. Finally, Segall Bryant & Hamill LLC grew its holdings in shares of Valmont Industries by 9.6% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 288,633 shares of the industrial products company's stock worth $83,689,000 after acquiring an additional 25,237 shares during the period. Institutional investors and hedge funds own 87.84% of the company's stock.

Valmont Industries Price Performance

NYSE:VMI traded up $0.17 during trading hours on Thursday, reaching $352.14. 89,720 shares of the company traded hands, compared to its average volume of 153,937. The firm's 50-day moving average is $314.90 and its 200-day moving average is $287.43. The stock has a market cap of $7.06 billion, a P/E ratio of 23.92 and a beta of 1.02. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.35 and a quick ratio of 1.55. Valmont Industries, Inc. has a 1-year low of $202.01 and a 1-year high of $354.13.

Valmont Industries (NYSE:VMI - Get Free Report) last announced its 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 return on equity of 23.10% and a net margin of 7.38%. The firm had revenue of $1.02 billion for the quarter, compared to analysts' expectations of $1.02 billion. During the same quarter in the prior year, the firm earned $4.12 EPS. Valmont Industries's quarterly revenue was down 2.9% on a year-over-year basis. Equities research analysts expect that Valmont Industries, Inc. will post 16.86 earnings per share for the current fiscal year.

Valmont Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Friday, December 27th will be issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 0.68%. The ex-dividend date of this dividend is Friday, December 27th. Valmont Industries's dividend payout ratio (DPR) is 16.30%.

Insider Buying and Selling

In related news, VP R Andrew Massey sold 3,977 shares of the stock in a transaction on 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 approximately $2,963,520. This trade represents a 29.71 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Daas Kaj Den sold 1,000 shares of the stock in a transaction on Monday, November 18th. The stock was sold at an average price of $338.78, for a total value of $338,780.00. Following the completion of the transaction, the director now directly owns 8,644 shares in the company, valued at $2,928,414.32. This trade represents a 10.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 21,977 shares of company stock valued at $6,971,695. 2.00% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on VMI shares. Stifel Nicolaus upped 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. DA Davidson increased their target price on Valmont Industries from $340.00 to $380.00 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.

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.