Valmont Industries, Inc. (NYSE:VMI) Shares Purchased by Vaughan Nelson Investment Management L.P.

Vaughan Nelson Investment Management L.P. boosted its stake in Valmont Industries, Inc. (NYSE:VMI - Free Report) by 12.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 208,645 shares of the industrial products company's stock after purchasing an additional 23,765 shares during the period. Vaughan Nelson Investment Management L.P. owned approximately 1.04% of Valmont Industries worth $60,497,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Earnest Partners LLC bought a new stake in shares of Valmont Industries during the 2nd quarter valued at $91,878,000. Sei Investments Co. raised its holdings in Valmont Industries by 794.2% during the second quarter. Sei Investments Co. now owns 198,116 shares of the industrial products company's stock valued at $54,373,000 after acquiring an additional 175,961 shares during the period. Bank of New York Mellon Corp lifted its position in shares of Valmont Industries by 39.3% in the second quarter. Bank of New York Mellon Corp now owns 258,845 shares of the industrial products company's stock valued at $71,040,000 after acquiring an additional 73,084 shares in the last quarter. Natixis Advisors LLC boosted its stake in shares of Valmont Industries by 113.5% in the second 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, Dimensional Fund Advisors LP grew its position in shares of Valmont Industries by 3.5% during the second quarter. Dimensional Fund Advisors LP now owns 418,722 shares of the industrial products company's stock worth $114,919,000 after purchasing an additional 14,168 shares in the last quarter. Hedge funds and other institutional investors own 87.84% of the company's stock.

Valmont Industries Stock Down 0.6 %

NYSE VMI traded down $2.00 on Friday, hitting $338.02. 110,779 shares of the stock traded hands, compared to its average volume of 142,278. The stock has a 50-day moving average of $303.51 and a 200 day moving average of $281.88. The company has a current ratio of 2.35, a quick ratio of 1.55 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $6.77 billion, a P/E ratio of 22.96 and a beta of 1.02. Valmont Industries, Inc. has a twelve month low of $202.01 and a twelve month high of $352.57.

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, topping analysts' consensus estimates of $4.00 by $0.11. The company had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.02 billion. Valmont Industries had a net margin of 7.38% and a return on equity of 23.10%. The firm's revenue for the quarter was down 2.9% compared to the same quarter last year. During the same period last year, the firm earned $4.12 EPS. As a group, analysts expect that Valmont Industries, Inc. will post 16.86 earnings per share for the current fiscal year.

Valmont Industries Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Friday, December 27th will be given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 0.71%. The ex-dividend date of this dividend is Friday, December 27th. Valmont Industries's dividend payout ratio is currently 16.30%.

Insider Buying and Selling

In other news, Director Mogens C. Bay sold 17,000 shares of the firm's stock in a transaction on Friday, October 25th. The stock was sold at an average price of $316.48, for a total value of $5,380,160.00. Following the transaction, the director now directly owns 154,730 shares in the company, valued at $48,968,950.40. This trade represents a 9.90 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, VP R Andrew Massey sold 3,977 shares of the stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $315.00, for a total transaction of $1,252,755.00. Following the sale, 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 ownership of the stock. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

VMI has been the subject of a number of research analyst reports. Stifel Nicolaus lifted their price target on Valmont Industries from $350.00 to $360.00 and gave the company a "buy" rating in a research report on Thursday, October 24th. StockNews.com upgraded Valmont Industries from a "buy" rating to a "strong-buy" rating in a report on Monday, August 12th. Finally, DA Davidson lifted their price target on shares of Valmont Industries from $340.00 to $380.00 and gave the company a "buy" rating in a research report on Thursday, October 24th.

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.