Quantinno Capital Management LP Buys 2,503 Shares of Valmont Industries, Inc. (NYSE:VMI)

Quantinno Capital Management LP lifted its position in Valmont Industries, Inc. (NYSE:VMI - Free Report) by 30.3% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 10,773 shares of the industrial products company's stock after purchasing an additional 2,503 shares during the quarter. Quantinno Capital Management LP owned 0.05% of Valmont Industries worth $3,124,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Valmont Industries during the third quarter worth approximately $466,000. Foundry Partners LLC acquired a new stake in Valmont Industries during the 3rd quarter valued at $4,158,000. De Lisle Partners LLP raised its position in Valmont Industries by 44.6% in the 3rd 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. grew its holdings in shares of Valmont Industries by 14.4% during the second quarter. Vaughan Nelson Investment Management L.P. now owns 184,880 shares of the industrial products company's stock worth $50,740,000 after purchasing an additional 23,275 shares during the last quarter. Finally, Global Alpha Capital Management Ltd. increased its stake in shares of 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 valued at $2,113,000 after buying an additional 2,997 shares in the last quarter. Institutional investors and hedge funds own 87.84% of the company's stock.

Valmont Industries Trading Down 1.0 %

Shares of Valmont Industries stock traded down $3.45 during trading on Tuesday, hitting $333.85. 72,329 shares of the company were exchanged, compared to its average volume of 151,972. The firm has a market capitalization of $6.69 billion, a P/E ratio of 22.91 and a beta of 1.03. The firm's fifty day moving average price is $324.40 and its 200 day moving average price is $292.55. 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 issued its earnings results on Tuesday, October 22nd. The industrial products company reported $4.11 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 the consensus estimate of $1.02 billion. During the same quarter in the prior year, the firm earned $4.12 earnings per share. The business's quarterly revenue was down 2.9% on a year-over-year basis. As a group, sell-side analysts expect that Valmont Industries, Inc. will post 16.86 earnings per share for the current fiscal year.

Valmont Industries Announces Dividend

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 0.72%. The ex-dividend date is Friday, December 27th. Valmont Industries's dividend payout ratio (DPR) is presently 16.30%.

Insider Activity at Valmont Industries

In other news, 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 value of $338,780.00. Following the sale, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mogens C. Bay sold 17,000 shares of the stock in a transaction on Friday, October 25th. The stock was sold at an average price of $316.48, for a total transaction of $5,380,160.00. Following the transaction, the director now owns 154,730 shares of the company's stock, valued at $48,968,950.40. The trade was a 9.90 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 41,977 shares of company stock worth $13,950,095. 2.00% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Stifel Nicolaus upped their price target on shares of Valmont Industries from $350.00 to $360.00 and gave the stock a "buy" rating in a research report on Thursday, October 24th. DA Davidson raised their price target on shares of 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 research report 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.