Segall Bryant & Hamill LLC Acquires 25,237 Shares of Valmont Industries, Inc. (NYSE:VMI)

Segall Bryant & Hamill LLC increased its position in shares of Valmont Industries, Inc. (NYSE:VMI - Free Report) by 9.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 288,633 shares of the industrial products company's stock after buying an additional 25,237 shares during the quarter. Valmont Industries accounts for 1.1% of Segall Bryant & Hamill LLC's portfolio, making the stock its 4th biggest holding. Segall Bryant & Hamill LLC owned approximately 1.44% of Valmont Industries worth $83,689,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in VMI. GAMMA Investing LLC boosted its position in shares of Valmont Industries by 117.4% during the 3rd quarter. GAMMA Investing LLC now owns 100 shares of the industrial products company's stock valued at $29,000 after acquiring an additional 54 shares in the last quarter. Mather Group LLC. boosted its holdings in Valmont Industries by 2,060.0% during the second quarter. Mather Group LLC. now owns 108 shares of the industrial products company's stock valued at $30,000 after purchasing an additional 103 shares in the last quarter. Exchange Traded Concepts LLC bought a new stake in shares of Valmont Industries in the 3rd quarter valued at approximately $39,000. Quarry LP raised its holdings in shares of Valmont Industries by 268.0% in the 2nd quarter. Quarry LP now owns 184 shares of the industrial products company's stock worth $50,000 after buying an additional 134 shares in the last quarter. Finally, Versant Capital Management Inc acquired a new position in shares of Valmont Industries in the 2nd quarter worth approximately $52,000. 87.84% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. StockNews.com raised Valmont Industries from a "buy" rating to a "strong-buy" rating in a report on Monday, August 12th. 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 report on Thursday, October 24th. Finally, Stifel Nicolaus upped their price objective on shares of Valmont Industries from $350.00 to $360.00 and gave the stock a "buy" rating in a research note on Thursday, October 24th.

Valmont Industries Price Performance

Shares of VMI stock traded down $0.61 during trading hours on Wednesday, hitting $339.02. 44,032 shares of the company's stock were exchanged, compared to its average volume of 153,724. Valmont Industries, Inc. has a 52 week low of $202.01 and a 52 week high of $352.57. The stock has a market cap of $6.79 billion, a price-to-earnings ratio of 23.09 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. The stock's 50-day moving average is $306.42 and its 200-day moving average is $283.73.

Valmont Industries (NYSE:VMI - Get Free Report) last issued 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. 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 for the quarter, compared to analyst estimates of $1.02 billion. During the same quarter in the prior year, the firm earned $4.12 EPS. The company's revenue was down 2.9% on a year-over-year basis. As a group, research analysts forecast that Valmont Industries, Inc. will post 16.86 EPS for the current year.

Valmont Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders 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 yield of 0.71%. The ex-dividend date of this dividend is Friday, December 27th. Valmont Industries's dividend payout ratio is 16.30%.

Insider Buying and Selling at Valmont Industries

In other Valmont Industries news, VP R Andrew Massey sold 3,977 shares of Valmont Industries stock in a transaction 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 completion of the sale, the vice president now owns 9,408 shares of the company's stock, valued at approximately $2,963,520. The trade was a 29.71 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mogens C. Bay sold 17,000 shares of the stock in a transaction on Friday, October 25th. The shares were sold at an average price of $316.48, for a total value of $5,380,160.00. Following the completion of the transaction, the director now directly owns 154,730 shares in the company, valued at approximately $48,968,950.40. This trade represents a 9.90 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.90% of the company's stock.

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.