Valmont Industries, Inc. (NYSE:VMI) Shares Acquired by Leeward Investments LLC MA

Leeward Investments LLC MA grew its position in Valmont Industries, Inc. (NYSE:VMI - Free Report) by 13.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 61,274 shares of the industrial products company's stock after buying an additional 7,154 shares during the quarter. Leeward Investments LLC MA owned 0.30% of Valmont Industries worth $17,766,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Earnest Partners LLC purchased a new stake in Valmont Industries during the 2nd quarter worth about $91,878,000. Sei Investments Co. raised its holdings in Valmont Industries by 794.2% in 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 in the last quarter. Bank of New York Mellon Corp lifted its stake in 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 worth $71,040,000 after acquiring an additional 73,084 shares during the last quarter. SageView Advisory Group LLC acquired a new position in Valmont Industries during the 1st quarter worth approximately $8,776,000. Finally, Natixis Advisors LLC increased its position 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 valued at $19,656,000 after purchasing an additional 38,080 shares during the last quarter. 87.84% of the stock is owned by institutional investors and hedge funds.

Valmont Industries Stock Performance

VMI traded down $7.62 on Thursday, reaching $341.58. The company had a trading volume of 84,252 shares, compared to its average volume of 155,562. The company has a quick ratio of 1.55, a current ratio of 2.35 and a debt-to-equity ratio of 0.58. Valmont Industries, Inc. has a 1 year low of $192.94 and a 1 year high of $352.57. The stock has a market capitalization of $6.84 billion, a PE ratio of 23.72 and a beta of 1.02. The stock has a 50-day moving average price of $294.30 and a 200-day moving average price of $275.42.

Valmont Industries (NYSE:VMI - Get Free Report) last posted its earnings results on Tuesday, October 22nd. The industrial products company reported $4.11 earnings per share for the quarter, beating the consensus estimate of $4.00 by $0.11. The business had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.02 billion. Valmont Industries had a return on equity of 23.10% and a net margin of 7.38%. The business's quarterly revenue was down 2.9% on a year-over-year basis. During the same period in the previous year, the business earned $4.12 EPS. As a group, research analysts forecast that Valmont Industries, Inc. will post 16.84 EPS for the current fiscal year.

Valmont Industries Dividend Announcement

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

Analyst Upgrades and Downgrades

VMI has been the subject of several recent analyst reports. Stifel Nicolaus lifted their price objective 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 upped their price objective on Valmont Industries from $340.00 to $380.00 and gave the stock a "buy" rating in a research report on Thursday, October 24th. Finally, StockNews.com raised Valmont Industries from a "buy" rating to a "strong-buy" rating in a research report on Monday, August 12th.

Insiders Place Their Bets

In other news, Director Mogens C. Bay sold 17,000 shares of the business's stock in a transaction that occurred 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 owns 154,730 shares of the company's stock, valued at approximately $48,968,950.40. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Valmont Industries news, Director Mogens C. Bay sold 17,000 shares of Valmont Industries stock in a transaction that occurred 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 sale, the director now owns 154,730 shares of the company's stock, valued at approximately $48,968,950.40. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP R Andrew Massey sold 3,977 shares of the stock in a transaction that occurred 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 0.00 % 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 insiders.

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.