Crossmark Global Holdings Inc. Grows Stock Holdings in Valmont Industries, Inc. (NYSE:VMI)

Crossmark Global Holdings Inc. boosted its holdings in shares of Valmont Industries, Inc. (NYSE:VMI) by 33.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,578 shares of the industrial products company’s stock after purchasing an additional 395 shares during the period. Crossmark Global Holdings Inc.’s holdings in Valmont Industries were worth $457,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. GAMMA Investing LLC grew its position in Valmont Industries by 117.4% during the third quarter. GAMMA Investing LLC now owns 100 shares of the industrial products company’s stock valued at $29,000 after buying an additional 54 shares during the period. Mather Group LLC. grew its position in shares of Valmont Industries by 2,060.0% during the 2nd 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 period. Exchange Traded Concepts LLC purchased a new position in shares of Valmont Industries in the 3rd quarter valued at about $39,000. Quarry LP boosted 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 worth $50,000 after purchasing an additional 134 shares in the last quarter. Finally, Versant Capital Management Inc acquired a new stake in Valmont Industries in the second quarter valued at approximately $52,000. 87.84% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Valmont Industries

In related news, VP R Andrew Massey sold 3,977 shares of the company’s stock in a transaction on Friday, October 25th. The stock was sold at an average price of $315.00, for a total transaction of $1,252,755.00. Following the transaction, the vice president now owns 9,408 shares of the company’s stock, valued at $2,963,520. This represents a 29.71 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Mogens C. Bay sold 17,000 shares of the firm’s stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $316.48, for a total transaction of $5,380,160.00. Following the completion of the sale, the director now owns 154,730 shares of the company’s stock, valued at $48,968,950.40. This trade represents a 9.90 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.00% of the company’s stock.

Valmont Industries Stock Performance

Shares of Valmont Industries stock opened at $338.02 on Friday. The business has a 50-day moving average of $303.51 and a 200 day moving average of $281.88. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.35 and a quick ratio of 1.55. Valmont Industries, Inc. has a 12 month low of $202.01 and a 12 month high of $352.57. The stock has a market capitalization of $6.77 billion, a price-to-earnings ratio of 22.96 and a beta of 1.02.

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 the consensus estimate of $4.00 by $0.11. The company had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $1.02 billion. Valmont Industries had a net margin of 7.38% and a return on equity of 23.10%. The firm’s revenue was down 2.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $4.12 EPS. As a group, sell-side analysts forecast that Valmont Industries, Inc. will post 16.86 earnings per share for the current year.

Valmont Industries Announces Dividend

The company 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 $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date is Friday, December 27th. Valmont Industries’s dividend payout ratio is currently 16.30%.

Analyst Ratings Changes

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

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.