Wellington Management Group LLP Has $71.83 Million Holdings in Valmont Industries, Inc. (NYSE:VMI)

Wellington Management Group LLP grew its stake in Valmont Industries, Inc. (NYSE:VMI - Free Report) by 16.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 247,714 shares of the industrial products company's stock after acquiring an additional 34,772 shares during the quarter. Wellington Management Group LLP owned 1.24% of Valmont Industries worth $71,825,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. GAMMA Investing LLC raised its stake in Valmont Industries by 117.4% during the 3rd quarter. GAMMA Investing LLC now owns 100 shares of the industrial products company's stock worth $29,000 after buying an additional 54 shares during the period. Exchange Traded Concepts LLC acquired a new stake in shares of Valmont Industries during the third quarter worth about $39,000. Quarry LP lifted its holdings in shares of Valmont Industries by 268.0% during the 2nd quarter. Quarry LP now owns 184 shares of the industrial products company's stock valued at $50,000 after purchasing an additional 134 shares in the last quarter. Point72 Asset Management L.P. acquired a new position in shares of Valmont Industries in the 3rd quarter valued at approximately $58,000. Finally, Signaturefd LLC increased its stake in Valmont Industries by 35.4% during the 3rd quarter. Signaturefd LLC now owns 214 shares of the industrial products company's stock worth $62,000 after purchasing an additional 56 shares in the last quarter. 87.84% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Stifel Nicolaus lifted their price target on shares of Valmont Industries from $360.00 to $382.00 and gave the company a "buy" rating in a research note on Wednesday. DA Davidson boosted their price objective 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.

Insiders Place Their Bets

In related news, VP R Andrew Massey sold 3,977 shares of the firm's stock in a transaction on Friday, October 25th. The shares were sold at an average price of $315.00, for a total value of $1,252,755.00. Following the completion of 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Daas Kaj Den sold 1,000 shares of the company's stock in a transaction on Monday, November 18th. The stock was sold at an average price of $338.78, for a total transaction 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 disclosure for this sale can be found here. Insiders have sold 41,977 shares of company stock valued at $13,950,095 in the last three months. 2.00% of the stock is currently owned by corporate insiders.

Valmont Industries Stock Down 0.2 %

Shares of NYSE:VMI traded down $0.65 during mid-day trading on Wednesday, reaching $330.64. 168,101 shares of the stock were exchanged, compared to its average volume of 152,303. The stock's 50 day simple moving average is $325.26 and its 200-day simple moving average is $293.10. Valmont Industries, Inc. has a one year low of $202.01 and a one year high of $354.13. The company has a market cap of $6.62 billion, a P/E ratio of 22.74 and a beta of 1.03. 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 (NYSE:VMI - Get Free Report) last issued its quarterly earnings results on Tuesday, October 22nd. The industrial products company reported $4.11 earnings per share for the quarter, topping 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 company had revenue of $1.02 billion during the quarter, compared to analysts' expectations of $1.02 billion. During the same period last year, the business earned $4.12 EPS. The business's quarterly revenue was down 2.9% on a year-over-year basis. As a group, equities research analysts predict that Valmont Industries, Inc. will post 16.86 EPS for the current year.

Valmont Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Friday, December 27th will be given a dividend of $0.60 per share. The ex-dividend date is Friday, December 27th. This represents a $2.40 annualized dividend and a yield of 0.73%. Valmont Industries's dividend payout ratio (DPR) is presently 16.30%.

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.