Stifel Financial Corp Buys 808 Shares of Valmont Industries, Inc. (NYSE:VMI)

Stifel Financial Corp raised its stake in Valmont Industries, Inc. (NYSE:VMI) by 6.9% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,581 shares of the industrial products company’s stock after purchasing an additional 808 shares during the quarter. Stifel Financial Corp owned approximately 0.06% of Valmont Industries worth $3,648,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in VMI. GAMMA Investing LLC grew its stake in shares of Valmont Industries by 117.4% in 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 in the last quarter. Exchange Traded Concepts LLC bought a new position in shares of Valmont Industries in the 3rd quarter valued at about $39,000. Quarry LP increased its stake in shares of Valmont Industries by 268.0% during the 2nd quarter. Quarry LP now owns 184 shares of the industrial products company’s stock worth $50,000 after purchasing an additional 134 shares during the last quarter. Point72 Asset Management L.P. acquired a new stake in Valmont Industries in the 3rd quarter valued at about $58,000. Finally, Signaturefd LLC lifted its stake in Valmont Industries by 35.4% in the 3rd quarter. Signaturefd LLC now owns 214 shares of the industrial products company’s stock valued at $62,000 after purchasing an additional 56 shares during the last quarter. Institutional investors and hedge funds own 87.84% of the company’s stock.

Valmont Industries Trading Up 1.1 %

Shares of VMI stock opened at $331.47 on Tuesday. Valmont Industries, Inc. has a 12-month low of $202.01 and a 12-month high of $354.13. The firm has a 50 day moving average price of $328.46 and a two-hundred day moving average price of $295.31. 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 company has a market capitalization of $6.64 billion, a PE ratio of 22.52 and a beta of 1.03.

Valmont Industries (NYSE:VMI) last released its quarterly earnings results on Tuesday, October 22nd. The industrial products company reported $4.11 earnings per share (EPS) for the quarter, beating 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 business had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.02 billion. During the same period in the previous year, the company posted $4.12 EPS. The firm’s quarterly revenue was down 2.9% on a year-over-year basis. As a group, analysts predict that Valmont Industries, Inc. will post 16.85 earnings per share for the current year.

Valmont Industries Dividend Announcement

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 $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 0.72%. The ex-dividend date of this dividend is Friday, December 27th. Valmont Industries’s dividend payout ratio (DPR) is 16.30%.

Wall Street Analyst Weigh In

Several analysts have issued reports on VMI shares. DA Davidson upped 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. Stifel Nicolaus raised 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.

Insider Buying and Selling at Valmont Industries

In other news, Director Mogens C. Bay sold 20,000 shares of the company’s stock in a transaction on 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 completion of the sale, the director now directly owns 131,730 shares in the company, valued at approximately $45,963,231.60. This represents a 13.18 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, 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 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. The trade was a 10.37 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 41,977 shares of company stock valued at $13,950,095 in the last quarter. Company insiders own 2.00% of the company’s stock.

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.