Valmont Industries, Inc. (NYSE:VMI) Shares Purchased by Blair William & Co. IL

Key Points

• Blair William & Co. IL increased its stake in Valmont Industries (NYSE:VMI) by 3.3% in the first quarter, owning approximately 0.24% of the company, valued at $13.92 million.
• Insider Timothy P. Francis sold 2,867 shares of Valmont Industries, reducing his position by 22.73%, and now holds shares valued at approximately $3.49 million.
• Valmont Industries reported $4.88 earnings per share for the last quarter, beating estimates and achieving a 1% revenue growth year over year, with a quarterly dividend of $0.68 per share announced for October.

Blair William & Co. IL increased its holdings in shares of Valmont Industries, Inc. (NYSE:VMI - Free Report) by 3.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,787 shares of the industrial products company's stock after buying an additional 1,568 shares during the period. Blair William & Co. IL owned about 0.24% of Valmont Industries worth $13,922,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in VMI. Aster Capital Management DIFC Ltd grew its position in shares of Valmont Industries by 175.7% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 193 shares of the industrial products company's stock valued at $59,000 after purchasing an additional 123 shares during the period. Quarry LP lifted its stake in Valmont Industries by 395.1% in the 4th quarter. Quarry LP now owns 203 shares of the industrial products company's stock valued at $62,000 after buying an additional 162 shares in the last quarter. GAMMA Investing LLC lifted its stake in Valmont Industries by 82.3% in the 1st quarter. GAMMA Investing LLC now owns 226 shares of the industrial products company's stock valued at $64,000 after buying an additional 102 shares in the last quarter. Signaturefd LLC boosted its holdings in Valmont Industries by 23.9% in the 1st quarter. Signaturefd LLC now owns 270 shares of the industrial products company's stock worth $77,000 after buying an additional 52 shares during the last quarter. Finally, Meeder Asset Management Inc. purchased a new stake in Valmont Industries during the 1st quarter worth approximately $90,000. Institutional investors and hedge funds own 87.84% of the company's stock.

Insiders Place Their Bets

In other Valmont Industries news, CAO Timothy P. Francis sold 2,867 shares of Valmont Industries stock in a transaction on Friday, August 1st. The stock was sold at an average price of $358.52, for a total value of $1,027,876.84. Following the sale, the chief accounting officer owned 9,746 shares in the company, valued at $3,494,135.92. The trade was a 22.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.50% of the company's stock.

Valmont Industries Trading Up 0.2%

Valmont Industries stock traded up $0.77 during trading on Friday, reaching $368.78. 80,269 shares of the company were exchanged, compared to its average volume of 159,889. The stock's 50 day simple moving average is $337.56 and its two-hundred day simple moving average is $321.78. The company has a market capitalization of $7.28 billion, a P/E ratio of 34.37 and a beta of 1.12. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.15 and a quick ratio of 1.44. Valmont Industries, Inc. has a 52-week low of $250.07 and a 52-week high of $379.22.

Valmont Industries (NYSE:VMI - Get Free Report) last announced its quarterly earnings data on Tuesday, July 22nd. The industrial products company reported $4.88 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.78 by $0.10. Valmont Industries had a net margin of 5.98% and a return on equity of 22.10%. The firm had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.03 billion. During the same quarter in the prior year, the firm posted $4.91 earnings per share. Valmont Industries's quarterly revenue was up 1.0% on a year-over-year basis. On average, equities research analysts expect that Valmont Industries, Inc. will post 18.07 earnings per share for the current fiscal year.

Valmont Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Friday, September 26th will be given a $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 0.7%. The ex-dividend date is Friday, September 26th. Valmont Industries's dividend payout ratio is presently 25.33%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on VMI shares. Stifel Nicolaus raised their target price on Valmont Industries from $345.00 to $382.00 and gave the company a "buy" rating in a research report on Monday, July 21st. DA Davidson lifted their target price on shares of Valmont Industries from $380.00 to $400.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 23rd. William Blair upgraded shares of Valmont Industries from a "market perform" rating to an "outperform" rating in a research report on Wednesday, April 23rd. Finally, Wall Street Zen lowered shares of Valmont Industries from a "buy" rating to a "hold" rating in a research report on Sunday, August 3rd.

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.