Sanctuary Advisors LLC Takes $698,000 Position in Valmont Industries, Inc. (NYSE:VMI)

Sanctuary Advisors LLC acquired a new position in shares of Valmont Industries, Inc. (NYSE:VMI) in the 3rd quarter, Holdings Channel.com reports. The fund acquired 2,408 shares of the industrial products company’s stock, valued at approximately $698,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Valmont Industries during the 3rd quarter worth about $466,000. Foundry Partners LLC purchased a new position in shares of Valmont Industries during the third quarter valued at approximately $4,158,000. De Lisle Partners LLP boosted its position in Valmont Industries by 44.6% during the third quarter. De Lisle Partners LLP now owns 18,800 shares of the industrial products company’s stock worth $5,454,000 after acquiring an additional 5,800 shares during the last quarter. Vaughan Nelson Investment Management L.P. grew its stake in Valmont Industries by 12.9% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 208,645 shares of the industrial products company’s stock worth $60,497,000 after acquiring an additional 23,765 shares during the period. Finally, Global Alpha Capital Management Ltd. raised its holdings in Valmont Industries by 69.9% in the 3rd quarter. Global Alpha Capital Management Ltd. now owns 7,287 shares of the industrial products company’s stock valued at $2,113,000 after acquiring an additional 2,997 shares during the last quarter. Hedge funds and other institutional investors own 87.84% of the company’s stock.

Valmont Industries Trading Up 0.9 %

VMI stock opened at $311.39 on Wednesday. Valmont Industries, Inc. has a 52 week low of $202.01 and a 52 week high of $354.13. The company has a market cap of $6.24 billion, a price-to-earnings ratio of 21.15 and a beta of 1.03. The company has a quick ratio of 1.55, a current ratio of 2.35 and a debt-to-equity ratio of 0.58. The business has a fifty day simple moving average of $330.20 and a 200-day simple moving average of $297.88.

Valmont Industries (NYSE:VMI) last released its quarterly earnings data on Tuesday, October 22nd. The industrial products company reported $4.11 EPS for the quarter, topping analysts’ consensus estimates of $4.00 by $0.11. Valmont Industries had a return on equity of 23.10% and a net margin of 7.38%. The company had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same period last year, the business posted $4.12 EPS. The company’s quarterly revenue was down 2.9% compared to the same quarter last year. On average, equities research analysts expect that Valmont Industries, Inc. will post 16.85 EPS for the current year.

Valmont Industries Announces Dividend

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 dividend of $0.60 per share. The ex-dividend date of this dividend is Friday, December 27th. This represents a $2.40 annualized dividend and a yield of 0.77%. Valmont Industries’s dividend payout ratio is currently 16.30%.

Insider Transactions at Valmont Industries

In other news, Director Daas Kaj Den sold 1,000 shares of the company’s stock in a transaction dated 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 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Mogens C. Bay sold 20,000 shares of the firm’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $348.92, for a total value of $6,978,400.00. Following the sale, the director now owns 131,730 shares in the company, valued at approximately $45,963,231.60. The trade was a 13.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 41,977 shares of company stock valued at $13,950,095 over the last 90 days. Corporate insiders own 1.90% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. DA Davidson raised their price objective on Valmont Industries from $340.00 to $380.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Stifel Nicolaus lifted their price target on Valmont Industries from $360.00 to $382.00 and gave the company a “buy” rating in a report on Wednesday, December 11th.

Valmont Industries Profile

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.