Quest Partners LLC Acquires 2,436 Shares of Valmont Industries, Inc. (NYSE:VMI)

Quest Partners LLC grew its holdings in Valmont Industries, Inc. (NYSE:VMI) by 366.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,100 shares of the industrial products company’s stock after purchasing an additional 2,436 shares during the period. Quest Partners LLC’s holdings in Valmont Industries were worth $899,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. GAMMA Investing LLC increased its holdings in shares of Valmont Industries by 117.4% in the 3rd quarter. GAMMA Investing LLC now owns 100 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 54 shares in the last quarter. Mather Group LLC. increased its position in Valmont Industries by 2,060.0% during the second quarter. Mather Group LLC. now owns 108 shares of the industrial products company’s stock valued at $30,000 after acquiring an additional 103 shares during the last quarter. Exchange Traded Concepts LLC purchased a new stake in Valmont Industries during the third quarter valued at $39,000. Quarry LP increased its position in Valmont Industries by 268.0% during the second quarter. Quarry LP now owns 184 shares of the industrial products company’s stock valued at $50,000 after acquiring an additional 134 shares during the last quarter. Finally, Versant Capital Management Inc purchased a new stake in Valmont Industries during the second quarter valued at $52,000. Institutional investors own 87.84% of the company’s stock.

Valmont Industries Trading Up 0.1 %

Shares of VMI stock opened at $339.97 on Thursday. Valmont Industries, Inc. has a 1 year low of $202.01 and a 1 year high of $352.57. 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’s 50 day simple moving average is $307.85 and its two-hundred day simple moving average is $284.13. The company has a market cap of $6.81 billion, a PE ratio of 23.10 and a beta of 1.02.

Valmont Industries (NYSE:VMI) last issued its quarterly earnings results on Tuesday, October 22nd. The industrial products company reported $4.11 earnings per share for the quarter, topping 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 the consensus estimate of $1.02 billion. During the same period in the prior year, the business posted $4.12 earnings per share. The company’s revenue for the quarter was down 2.9% on a year-over-year basis. Research analysts predict that Valmont Industries, Inc. will post 16.86 earnings per share for the current year.

Valmont Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Friday, December 27th will be issued a $0.60 dividend. The ex-dividend date of this dividend is Friday, December 27th. This represents a $2.40 annualized dividend and a dividend yield of 0.71%. Valmont Industries’s payout ratio is 16.30%.

Analyst Ratings Changes

A number of analysts recently commented on the company. StockNews.com upgraded Valmont Industries from a “buy” rating to a “strong-buy” rating in a research report on Monday, August 12th. DA Davidson boosted their price target on Valmont Industries from $340.00 to $380.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Finally, Stifel Nicolaus boosted their price target on Valmont Industries from $350.00 to $360.00 and gave the company a “buy” rating in a report on Thursday, October 24th.

Insider Transactions at Valmont Industries

In other Valmont Industries news, 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 transaction of $338,780.00. Following the transaction, the director now directly owns 8,644 shares in the company, valued at $2,928,414.32. This trade represents a 10.37 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 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 transaction, the vice president now owns 9,408 shares in the company, valued at $2,963,520. The trade was a 29.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 21,977 shares of company stock worth $6,971,695. 1.90% of the stock is currently 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.