Entropy Technologies LP Buys New Shares in Valmont Industries, Inc. (NYSE:VMI)

Entropy Technologies LP purchased a new position in shares of Valmont Industries, Inc. (NYSE:VMI) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor purchased 822 shares of the industrial products company’s stock, valued at approximately $238,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Earnest Partners LLC bought a new stake in shares of Valmont Industries in the 2nd quarter worth approximately $91,878,000. Sei Investments Co. boosted 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 during the period. Bank of New York Mellon Corp grew its stake in shares of 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 valued at $71,040,000 after buying an additional 73,084 shares during the last quarter. Natixis Advisors LLC increased its holdings 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 buying an additional 38,080 shares during the period. Finally, Vaughan Nelson Investment Management L.P. lifted its stake in shares of Valmont Industries by 14.4% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 184,880 shares of the industrial products company’s stock valued at $50,740,000 after acquiring an additional 23,275 shares during the last quarter. 87.84% of the stock is currently owned by hedge funds and other institutional investors.

Valmont Industries Price Performance

VMI opened at $338.02 on Friday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.55 and a current ratio of 2.35. The stock has a market capitalization of $6.77 billion, a PE ratio of 22.96 and a beta of 1.02. The stock’s 50 day moving average price is $303.51 and its 200-day moving average price is $281.88. Valmont Industries, Inc. has a 52-week low of $202.01 and a 52-week high of $352.57.

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

Valmont Industries Dividend Announcement

The company also recently disclosed 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 0.71%. Valmont Industries’s payout ratio is 16.30%.

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

In other Valmont Industries news, 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 value of $1,252,755.00. Following the sale, the vice president now owns 9,408 shares in the company, valued at approximately $2,963,520. This represents a 29.71 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mogens C. Bay sold 17,000 shares of the firm’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 directly owns 154,730 shares of the company’s stock, valued at $48,968,950.40. This represents a 9.90 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.00% of the company’s stock.

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.