Barclays PLC Boosts Stake in Valmont Industries, Inc. (NYSE:VMI)

Barclays PLC raised its position in shares of Valmont Industries, Inc. (NYSE:VMI) by 91.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,488 shares of the industrial products company’s stock after buying an additional 6,927 shares during the quarter. Barclays PLC owned about 0.07% of Valmont Industries worth $4,200,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in VMI. State Street Corp raised its position in shares of Valmont Industries by 1.1% during the 3rd quarter. State Street Corp now owns 640,876 shares of the industrial products company’s stock valued at $186,204,000 after buying an additional 6,913 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Valmont Industries by 3.5% during the second quarter. Dimensional Fund Advisors LP now owns 418,722 shares of the industrial products company’s stock valued at $114,919,000 after purchasing an additional 14,168 shares during the period. FMR LLC lifted its stake in shares of Valmont Industries by 4.0% in the 3rd quarter. FMR LLC now owns 349,426 shares of the industrial products company’s stock valued at $101,316,000 after purchasing an additional 13,509 shares during the last quarter. Earnest Partners LLC purchased a new position in shares of Valmont Industries in the 2nd quarter worth approximately $91,878,000. Finally, Copeland Capital Management LLC increased its position in shares of Valmont Industries by 0.9% during the 3rd quarter. Copeland Capital Management LLC now owns 307,338 shares of the industrial products company’s stock valued at $89,113,000 after purchasing an additional 2,869 shares during the last quarter. Institutional investors own 87.84% of the company’s stock.

Valmont Industries Price Performance

VMI opened at $308.21 on Friday. The business has a fifty day moving average of $329.95 and a 200 day moving average of $296.43. The stock has a market cap of $6.17 billion, a P/E ratio of 20.94 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. Valmont Industries, Inc. has a 52-week low of $202.01 and a 52-week high of $354.13.

Valmont Industries (NYSE:VMI) last posted its quarterly earnings results 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 net margin of 7.38% and a return on equity of 23.10%. The firm had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $1.02 billion. During the same period in the prior year, the business posted $4.12 earnings per share. The business’s revenue for the quarter was down 2.9% on a year-over-year basis. As a group, sell-side analysts anticipate that Valmont Industries, Inc. will post 16.85 EPS for the current year.

Valmont Industries Dividend Announcement

The company also recently announced 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 0.78%. The ex-dividend date is Friday, December 27th. Valmont Industries’s dividend payout ratio (DPR) is presently 16.30%.

Insider Activity at Valmont Industries

In related news, Director Mogens C. Bay sold 20,000 shares of the firm’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $348.92, for a total transaction of $6,978,400.00. Following the sale, the director now owns 131,730 shares of the company’s stock, valued at $45,963,231.60. This trade represents a 13.18 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Daas Kaj Den sold 1,000 shares of Valmont Industries stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $338.78, for a total value of $338,780.00. Following the completion of the transaction, the director now owns 8,644 shares in the company, valued at $2,928,414.32. This trade represents a 10.37 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 41,977 shares of company stock worth $13,950,095 over the last three months. 2.00% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have commented on VMI. Stifel Nicolaus lifted their price objective on shares of Valmont Industries from $360.00 to $382.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. DA Davidson lifted their price target on shares of Valmont Industries from $340.00 to $380.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th.

Valmont Industries Company 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.