Oak Thistle LLC Takes $528,000 Position in Valmont Industries, Inc. (NYSE:VMI)

Oak Thistle LLC bought a new position in shares of Valmont Industries, Inc. (NYSE:VMI) during the fourth quarter, HoldingsChannel reports. The institutional investor bought 1,721 shares of the industrial products company’s stock, valued at approximately $528,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. CHICAGO TRUST Co NA acquired a new position in shares of Valmont Industries in the 4th quarter worth approximately $205,000. Nordea Investment Management AB grew its position in Valmont Industries by 16.9% in the fourth quarter. Nordea Investment Management AB now owns 17,421 shares of the industrial products company’s stock worth $5,326,000 after buying an additional 2,521 shares during the last quarter. JPMorgan Chase & Co. grew its position in Valmont Industries by 9.0% in the third quarter. JPMorgan Chase & Co. now owns 292,901 shares of the industrial products company’s stock worth $84,927,000 after buying an additional 24,224 shares during the last quarter. Franklin Resources Inc. lifted its position in shares of Valmont Industries by 57.6% during the 3rd quarter. Franklin Resources Inc. now owns 407,308 shares of the industrial products company’s stock valued at $123,512,000 after acquiring an additional 148,811 shares during the last quarter. Finally, Synovus Financial Corp boosted its stake in shares of Valmont Industries by 65.7% during the 3rd quarter. Synovus Financial Corp now owns 3,837 shares of the industrial products company’s stock worth $1,113,000 after acquiring an additional 1,522 shares in the last quarter. 87.84% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on VMI. Stifel Nicolaus boosted their target price on Valmont Industries from $360.00 to $382.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. DA Davidson boosted their price objective on Valmont Industries from $340.00 to $380.00 and gave the stock a “buy” rating in a report on Thursday, October 24th.

Insider Buying and Selling

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 $2,963,520. This trade represents a 29.71 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Mogens C. Bay sold 17,000 shares of the company’s stock in a transaction on Friday, October 25th. The stock was 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 in the company, valued at $48,968,950.40. This trade represents a 9.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 41,977 shares of company stock worth $13,950,095. 1.90% of the stock is owned by company insiders.

Valmont Industries Trading Up 3.2 %

NYSE VMI opened at $335.69 on Friday. The firm’s 50 day moving average price is $327.56 and its two-hundred day moving average price is $301.81. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.55 and a current ratio of 2.35. Valmont Industries, Inc. has a twelve month low of $202.01 and a twelve month high of $354.13. The stock has a market cap of $6.72 billion, a price-to-earnings ratio of 22.81 and a beta of 1.05.

Valmont Industries (NYSE:VMI) last issued its quarterly earnings results on Tuesday, October 22nd. The industrial products company reported $4.11 earnings per share for the quarter, beating analysts’ consensus estimates of $4.00 by $0.11. The business had revenue of $1.02 billion for 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%. Valmont Industries’s revenue for the quarter was down 2.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.12 earnings per share. Equities analysts anticipate that Valmont Industries, Inc. will post 16.85 EPS for the current year.

Valmont Industries Dividend Announcement

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

Valmont Industries 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.