Dynamic Technology Lab Private Ltd Makes New Investment in Valmont Industries, Inc. (NYSE:VMI)

Dynamic Technology Lab Private Ltd purchased a new position in shares of Valmont Industries, Inc. (NYSE:VMI) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 1,923 shares of the industrial products company’s stock, valued at approximately $558,000.

Several other large investors also recently modified their holdings of VMI. Dimensional Fund Advisors LP raised its stake in Valmont Industries by 3.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 418,722 shares of the industrial products company’s stock worth $114,919,000 after buying an additional 14,168 shares during the period. Earnest Partners LLC acquired a new position in shares of Valmont Industries during the second quarter worth approximately $91,878,000. Copeland Capital Management LLC lifted its holdings in shares of Valmont Industries by 0.9% in the 3rd quarter. Copeland Capital Management LLC now owns 307,338 shares of the industrial products company’s stock worth $89,113,000 after purchasing an additional 2,869 shares in the last quarter. Segall Bryant & Hamill LLC lifted its holdings in shares of Valmont Industries by 9.6% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 288,633 shares of the industrial products company’s stock worth $83,689,000 after purchasing an additional 25,237 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in Valmont Industries by 1.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 271,604 shares of the industrial products company’s stock valued at $78,752,000 after purchasing an additional 3,501 shares during the period. Institutional investors and hedge funds own 87.84% of the company’s stock.

Valmont Industries Price Performance

VMI opened at $347.36 on Friday. The firm’s fifty day moving average price is $316.26 and its two-hundred day moving average price is $287.88. The company has a market capitalization of $6.96 billion, a price-to-earnings ratio of 23.87 and a beta of 1.02. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.35 and a quick ratio of 1.55. Valmont Industries, Inc. has a 1 year low of $202.01 and a 1 year high of $354.13.

Valmont Industries (NYSE:VMI) last posted its quarterly earnings data 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 net margin of 7.38% and a return on equity of 23.10%. The firm had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.02 billion. During the same quarter last year, the business posted $4.12 EPS. The company’s revenue for the quarter was down 2.9% on a year-over-year basis. As a group, analysts anticipate that Valmont Industries, Inc. will post 16.86 earnings per share for the current fiscal year.

Valmont Industries Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date is Friday, December 27th. This represents a $2.40 dividend on an annualized basis and a yield of 0.69%. Valmont Industries’s dividend payout ratio (DPR) is presently 16.30%.

Analyst Upgrades and Downgrades

VMI has been the topic of several research reports. Stifel Nicolaus upped their price objective on shares of Valmont Industries from $350.00 to $360.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. StockNews.com upgraded shares of Valmont Industries from a “buy” rating to a “strong-buy” rating in a report on Monday, August 12th. Finally, DA Davidson lifted 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.

Insider Activity

In other Valmont Industries 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 transaction of $338,780.00. Following the completion of the transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP R Andrew Massey sold 3,977 shares of the firm’s stock in a transaction on Friday, October 25th. The stock was 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. This represents a 29.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 21,977 shares of company stock valued at $6,971,695 in the last ninety days. 2.00% of the stock is currently owned by insiders.

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.