Nordea Investment Management AB Raises Stock Holdings in Valmont Industries, Inc. (NYSE:VMI)

Nordea Investment Management AB boosted its holdings in Valmont Industries, Inc. (NYSE:VMI) by 16.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 17,421 shares of the industrial products company’s stock after purchasing an additional 2,521 shares during the period. Nordea Investment Management AB’s holdings in Valmont Industries were worth $5,326,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. GAMMA Investing LLC lifted its holdings in Valmont Industries by 117.4% during the 3rd quarter. GAMMA Investing LLC now owns 100 shares of the industrial products company’s stock worth $29,000 after buying an additional 54 shares during the last quarter. Sunbelt Securities Inc. acquired a new stake in shares of Valmont Industries during the 3rd quarter worth approximately $35,000. Exchange Traded Concepts LLC acquired a new stake in shares of Valmont Industries during the 3rd quarter worth approximately $39,000. Quarry LP raised its position in shares of Valmont Industries by 268.0% during 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, Point72 Asset Management L.P. acquired a new stake in shares of Valmont Industries during the 3rd quarter worth approximately $58,000. Hedge funds and other institutional investors own 87.84% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on VMI. DA Davidson increased 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. Stifel Nicolaus raised their target price on Valmont Industries from $360.00 to $382.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th.

Valmont Industries Stock Down 1.6 %

VMI opened at $302.51 on Friday. Valmont Industries, Inc. has a 12 month low of $202.01 and a 12 month high of $354.13. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.35 and a quick ratio of 1.55. The stock has a market cap of $6.06 billion, a P/E ratio of 20.55 and a beta of 1.05. The stock’s 50 day moving average price is $328.83 and its 200 day moving average price is $300.54.

Valmont Industries (NYSE:VMI) last posted 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 firm had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $1.02 billion. During the same period last year, the firm earned $4.12 EPS. The firm’s revenue was down 2.9% compared to the same quarter last year. As a group, research analysts predict that Valmont Industries, Inc. will post 16.85 earnings per share for the current year.

Valmont Industries Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Friday, December 27th will be given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 0.79%. The ex-dividend date of this dividend is Friday, December 27th. Valmont Industries’s dividend payout ratio (DPR) is presently 16.30%.

Insider Activity

In other news, Director Mogens C. Bay sold 17,000 shares of Valmont Industries 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 transaction, the director now directly owns 154,730 shares in the company, valued at approximately $48,968,950.40. This trade represents a 9.90 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Daas Kaj Den sold 1,000 shares of the firm’s 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 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 ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 41,977 shares of company stock worth $13,950,095. 2.00% of the stock is owned by company 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.