Foundry Partners LLC Buys New Shares in Valmont Industries, Inc. (NYSE:VMI)

Foundry Partners LLC bought a new stake in Valmont Industries, Inc. (NYSE:VMI) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 14,339 shares of the industrial products company’s stock, valued at approximately $4,158,000.

Several other hedge funds and other institutional investors have also made changes to their positions in VMI. Moran Wealth Management LLC boosted its position in Valmont Industries by 1.5% during the third quarter. Moran Wealth Management LLC now owns 20,288 shares of the industrial products company’s stock worth $5,883,000 after purchasing an additional 290 shares during the period. First Horizon Advisors Inc. boosted its position in Valmont Industries by 12.5% during the third quarter. First Horizon Advisors Inc. now owns 279 shares of the industrial products company’s stock worth $81,000 after purchasing an additional 31 shares during the period. Global Alpha Capital Management Ltd. boosted its position in Valmont Industries by 69.9% during the third quarter. Global Alpha Capital Management Ltd. now owns 7,287 shares of the industrial products company’s stock worth $2,113,000 after purchasing an additional 2,997 shares during the period. Segall Bryant & Hamill LLC boosted its position in shares of Valmont Industries by 9.6% in the third quarter. Segall Bryant & Hamill LLC now owns 288,633 shares of the industrial products company’s stock valued at $83,689,000 after acquiring an additional 25,237 shares during the period. Finally, Banque Cantonale Vaudoise boosted its position in shares of Valmont Industries by 7.3% in the third quarter. Banque Cantonale Vaudoise now owns 1,952 shares of the industrial products company’s stock valued at $566,000 after acquiring an additional 132 shares during the period. 87.84% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, Director Daas Kaj Den sold 1,000 shares of the stock in a transaction on Monday, November 18th. The stock was sold at an average price of $338.78, for a total value of $338,780.00. Following the completion of the sale, the director now directly owns 8,644 shares of the company’s stock, valued at approximately $2,928,414.32. This represents a 10.37 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP R Andrew Massey sold 3,977 shares of the 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 sale, the vice president now directly owns 9,408 shares of the company’s stock, valued at $2,963,520. The trade was a 29.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 21,977 shares of company stock worth $6,971,695. Corporate insiders own 2.00% of the company’s stock.

Analyst Upgrades and Downgrades

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

Valmont Industries Stock Performance

NYSE:VMI opened at $338.74 on Friday. The stock has a market cap of $6.78 billion, a P/E ratio of 23.01 and a beta of 1.02. The company has a current ratio of 2.35, a quick ratio of 1.55 and a debt-to-equity ratio of 0.58. The stock’s 50-day moving average is $309.18 and its 200-day moving average is $284.51. Valmont Industries, Inc. has a 1-year low of $202.01 and a 1-year high of $352.57.

Valmont Industries (NYSE:VMI) last announced its earnings results on Tuesday, October 22nd. The industrial products company reported $4.11 EPS for the quarter, beating the consensus estimate of $4.00 by $0.11. Valmont Industries had a return on equity of 23.10% and a net margin of 7.38%. The business had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $1.02 billion. During the same period in the prior year, the business posted $4.12 earnings per share. The firm’s revenue was down 2.9% on a year-over-year basis. Equities research analysts anticipate that Valmont Industries, Inc. will post 16.86 earnings per share for the current year.

Valmont Industries Announces Dividend

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 issued 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 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.