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

Vaughan Nelson Investment Management L.P. grew its stake in shares of Valmont Industries, Inc. (NYSE:VMI) by 12.9% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 208,645 shares of the industrial products company’s stock after buying an additional 23,765 shares during the period. Vaughan Nelson Investment Management L.P. owned 1.04% of Valmont Industries worth $60,497,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Earnest Partners LLC acquired a new position in shares of Valmont Industries in the 2nd quarter valued at about $91,878,000. Sei Investments Co. lifted its position 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 buying an additional 175,961 shares in the last quarter. Bank of New York Mellon Corp grew its stake in Valmont Industries by 39.3% during 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 buying an additional 73,084 shares during the period. Natixis Advisors LLC increased its position 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 in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Valmont Industries by 3.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 418,722 shares of the industrial products company’s stock valued at $114,919,000 after acquiring an additional 14,168 shares during the period. 87.84% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently weighed in on VMI. DA Davidson upped their price target on shares of Valmont Industries from $340.00 to $380.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. StockNews.com raised Valmont Industries from a “buy” rating to a “strong-buy” rating in a research report on Monday, August 12th. Finally, Stifel Nicolaus raised their target price on Valmont Industries from $350.00 to $360.00 and gave the company a “buy” rating in a report on Thursday, October 24th.

Valmont Industries Stock Performance

Valmont Industries stock opened at $338.02 on Friday. Valmont Industries, Inc. has a 12-month low of $202.01 and a 12-month high of $352.57. 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 company has a market capitalization of $6.77 billion, a price-to-earnings ratio of 22.96 and a beta of 1.02. The firm’s fifty day moving average price is $303.51 and its 200 day moving average price is $281.88.

Valmont Industries (NYSE:VMI) last announced its earnings results on Tuesday, October 22nd. The industrial products company reported $4.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.00 by $0.11. The business had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.02 billion. Valmont Industries had a return on equity of 23.10% and a net margin of 7.38%. The company’s revenue for the quarter was down 2.9% compared to the same quarter last year. During the same period in the previous year, the company earned $4.12 earnings per share. On average, research analysts forecast that Valmont Industries, Inc. will post 16.86 EPS for the current fiscal year.

Valmont Industries Dividend Announcement

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

Insider Buying and Selling

In other Valmont Industries news, Director Mogens C. Bay sold 17,000 shares of the firm’s stock in a transaction on Friday, October 25th. The shares were sold at an average price of $316.48, for a total transaction of $5,380,160.00. Following the completion of the transaction, the director now directly owns 154,730 shares of the company’s stock, valued at $48,968,950.40. This trade represents a 9.90 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP R Andrew Massey sold 3,977 shares of the company’s stock in a transaction dated 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 in the company, valued at approximately $2,963,520. This trade represents a 29.71 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.00% 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.