Bridgewater Associates LP Grows Position in Valmont Industries, Inc. (NYSE:VMI)

Bridgewater Associates LP boosted its stake in shares of Valmont Industries, Inc. (NYSE:VMI) by 171.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 5,219 shares of the industrial products company’s stock after purchasing an additional 3,297 shares during the period. Bridgewater Associates LP’s holdings in Valmont Industries were worth $1,513,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of VMI. Earnest Partners LLC purchased a new stake in Valmont Industries during the 2nd quarter worth approximately $91,878,000. Sei Investments Co. boosted its holdings in shares of Valmont Industries by 794.2% in the 2nd quarter. Sei Investments Co. now owns 198,116 shares of the industrial products company’s stock valued at $54,373,000 after acquiring an additional 175,961 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Valmont Industries by 39.3% in the 2nd 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 acquiring an additional 73,084 shares during the last quarter. Natixis Advisors LLC boosted its holdings in shares of Valmont Industries by 113.5% in the 2nd quarter. Natixis Advisors LLC now owns 71,620 shares of the industrial products company’s stock valued at $19,656,000 after acquiring an additional 38,080 shares during the last quarter. Finally, Segall Bryant & Hamill LLC boosted 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 valued at $83,689,000 after acquiring an additional 25,237 shares during the last quarter. Hedge funds and other institutional investors own 87.84% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on VMI. StockNews.com raised shares of Valmont Industries from a “buy” rating to a “strong-buy” rating in a report on Monday, August 12th. Stifel Nicolaus upped their price objective on shares of Valmont Industries from $350.00 to $360.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Finally, DA Davidson upped their price objective on shares of Valmont Industries from $340.00 to $380.00 and gave the company a “buy” rating in a report on Thursday, October 24th.

Valmont Industries Stock Performance

VMI opened at $347.86 on Monday. 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 firm has a fifty day moving average price of $317.56 and a 200 day moving average price of $288.69. Valmont Industries, Inc. has a 1 year low of $202.01 and a 1 year high of $354.13. The stock has a market cap of $6.97 billion, a P/E ratio of 23.63 and a beta of 1.02.

Valmont Industries (NYSE:VMI) last posted its earnings results on Tuesday, October 22nd. The industrial products company reported $4.11 earnings per share (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 analysts’ expectations of $1.02 billion. During the same period in the previous year, the business posted $4.12 EPS. The business’s revenue was down 2.9% compared to the same quarter last year. Equities research analysts anticipate that Valmont Industries, Inc. will post 16.86 earnings per share for the current year.

Valmont Industries Dividend Announcement

The business 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. 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 is presently 16.30%.

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 on Friday, October 25th. The shares were sold at an average price of $315.00, for a total transaction of $1,252,755.00. Following the completion of the transaction, the vice president now directly 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Daas Kaj Den sold 1,000 shares of the company’s 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 transaction, the director now owns 8,644 shares of the company’s stock, valued at $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. Over the last ninety days, insiders sold 21,977 shares of company stock worth $6,971,695. 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.