Global Alpha Capital Management Ltd. Grows Stock Position in Valmont Industries, Inc. (NYSE:VMI)

Global Alpha Capital Management Ltd. increased its holdings in shares of Valmont Industries, Inc. (NYSE:VMI) by 69.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,287 shares of the industrial products company’s stock after buying an additional 2,997 shares during the quarter. Global Alpha Capital Management Ltd.’s holdings in Valmont Industries were worth $2,113,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the business. Earnest Partners LLC acquired a new stake in shares of Valmont Industries in the second quarter valued at about $91,878,000. Sei Investments Co. lifted its holdings in shares of Valmont Industries by 794.2% in the 2nd quarter. Sei Investments Co. now owns 198,116 shares of the industrial products company’s stock worth $54,373,000 after purchasing an additional 175,961 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Valmont Industries by 39.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 258,845 shares of the industrial products company’s stock worth $71,040,000 after purchasing an additional 73,084 shares during the last quarter. Natixis Advisors LLC lifted its holdings in shares of Valmont Industries by 113.5% in the 2nd quarter. Natixis Advisors LLC now owns 71,620 shares of the industrial products company’s stock worth $19,656,000 after purchasing an additional 38,080 shares during the last quarter. Finally, Segall Bryant & Hamill LLC lifted its holdings in shares of Valmont Industries by 9.6% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 288,633 shares of the industrial products company’s stock worth $83,689,000 after purchasing an additional 25,237 shares during the last quarter. 87.84% of the stock is currently owned by hedge funds and other institutional investors.

Valmont Industries Stock Down 0.1 %

NYSE VMI opened at $339.82 on Wednesday. The company has a market capitalization of $6.81 billion, a price-to-earnings ratio of 23.09 and a beta of 1.02. The company has a current ratio of 2.35, a quick ratio of 1.55 and a debt-to-equity ratio of 0.58. Valmont Industries, Inc. has a 1-year low of $202.01 and a 1-year high of $352.57. The stock’s 50 day moving average is $306.42 and its two-hundred day moving average is $283.73.

Valmont Industries (NYSE:VMI) last posted its quarterly earnings results on Tuesday, October 22nd. The industrial products company reported $4.11 earnings per share for the quarter, beating analysts’ consensus estimates of $4.00 by $0.11. The company had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.02 billion. Valmont Industries had a return on equity of 23.10% and a net margin of 7.38%. The firm’s quarterly revenue was down 2.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $4.12 EPS. Equities analysts forecast that Valmont Industries, Inc. will post 16.86 earnings per share for the current fiscal year.

Valmont Industries Announces Dividend

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

Analyst Ratings Changes

Several equities analysts have recently issued reports 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 raised their target price on Valmont Industries from $340.00 to $380.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Finally, Stifel Nicolaus lifted their price objective on Valmont Industries from $350.00 to $360.00 and gave the company a “buy” rating in a research report on Thursday, October 24th.

Insider Buying and Selling

In related news, VP R Andrew Massey sold 3,977 shares of the company’s stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $315.00, for a total value of $1,252,755.00. Following the sale, the vice president now owns 9,408 shares in the company, valued at $2,963,520. This represents a 29.71 % decrease in their position. The transaction 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 stock in a transaction that occurred on 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 transaction, the director now directly owns 154,730 shares of the company’s stock, valued at $48,968,950.40. This represents a 9.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.90% of the stock is currently owned by corporate insiders.

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.