1,607 Shares in Valmont Industries, Inc. (NYSE:VMI) Acquired by Point72 Asia Singapore Pte. Ltd.

Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Valmont Industries, Inc. (NYSE:VMI) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 1,607 shares of the industrial products company’s stock, valued at approximately $466,000.

Several other hedge funds have also made changes to their positions in the company. GAMMA Investing LLC increased its stake in shares of Valmont Industries by 117.4% during the third quarter. GAMMA Investing LLC now owns 100 shares of the industrial products company’s stock valued at $29,000 after buying an additional 54 shares during the period. Mather Group LLC. increased its position in Valmont Industries by 2,060.0% during the 2nd 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 during the period. Exchange Traded Concepts LLC bought a new stake in shares of Valmont Industries in the 3rd quarter valued at about $39,000. Quarry LP lifted its position 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 purchasing an additional 134 shares during the period. Finally, Signaturefd LLC boosted its stake in shares of Valmont Industries by 35.4% during the third quarter. Signaturefd LLC now owns 214 shares of the industrial products company’s stock valued at $62,000 after purchasing an additional 56 shares in the last quarter. 87.84% of the stock is currently owned by hedge funds and other institutional investors.

Valmont Industries Trading Up 0.4 %

NYSE VMI opened at $349.38 on Tuesday. Valmont Industries, Inc. has a 52 week low of $202.01 and a 52 week high of $354.13. The company has a 50 day moving average price of $317.56 and a 200 day moving average price of $288.89. The company has a quick ratio of 1.55, a current ratio of 2.35 and a debt-to-equity ratio of 0.58. The firm has a market cap of $7.00 billion, a PE ratio of 23.74 and a beta of 1.03.

Valmont Industries (NYSE:VMI) last issued its quarterly 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 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 prior year, the firm posted $4.12 earnings per share. As a group, sell-side analysts forecast that Valmont Industries, Inc. will post 16.86 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. Shareholders of record on Friday, December 27th will be paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date is Friday, December 27th. Valmont Industries’s dividend payout ratio (DPR) is presently 16.30%.

Analyst Ratings Changes

A number of analysts have weighed in on VMI shares. Stifel Nicolaus upped their target price on Valmont Industries from $350.00 to $360.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. DA Davidson boosted their price target 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 Valmont Industries news, Director Mogens C. Bay sold 17,000 shares of the company’s stock in a transaction that occurred 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 transaction, the director now owns 154,730 shares in the company, valued at approximately $48,968,950.40. This represents a 9.90 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Daas Kaj Den sold 1,000 shares of Valmont Industries 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 owns 8,644 shares of the company’s stock, valued at $2,928,414.32. The trade was a 10.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 21,977 shares of company stock valued at $6,971,695. 1.90% of the stock is currently owned by corporate insiders.

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.