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

Crossmark Global Holdings Inc. boosted its stake in Valmont Industries, Inc. (NYSE:VMI) by 33.4% in the third quarter, Holdings Channel reports. The fund owned 1,578 shares of the industrial products company’s stock after buying an additional 395 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Valmont Industries were worth $457,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Mather Group LLC. grew its stake in Valmont Industries by 2,060.0% in the second quarter. Mather Group LLC. now owns 108 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 103 shares in the last quarter. Harbor Capital Advisors Inc. lifted its holdings in Valmont Industries by 292.4% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 3,386 shares of the industrial products company’s stock worth $929,000 after buying an additional 2,523 shares during the last quarter. Vaughan Nelson Investment Management L.P. grew its position in shares of Valmont Industries by 14.4% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 184,880 shares of the industrial products company’s stock worth $50,740,000 after acquiring an additional 23,275 shares in the last quarter. Seven Eight Capital LP bought a new stake in shares of Valmont Industries in the 1st quarter valued at approximately $636,000. Finally, Entropy Technologies LP acquired a new stake in shares of Valmont Industries during the 1st quarter valued at approximately $327,000. Institutional investors and hedge funds own 87.84% of the company’s stock.

Valmont Industries Stock Performance

Shares of Valmont Industries stock opened at $338.02 on Friday. Valmont Industries, Inc. has a 12 month low of $202.01 and a 12 month high of $352.57. 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 stock has a market cap of $6.77 billion, a PE ratio of 22.96 and a beta of 1.02. The business has a fifty day simple moving average of $303.51 and a 200-day simple moving average of $281.88.

Valmont Industries (NYSE:VMI) last issued its earnings results on Tuesday, October 22nd. The industrial products company reported $4.11 EPS for the quarter, beating analysts’ consensus estimates of $4.00 by $0.11. The firm 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 business’s quarterly revenue was down 2.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.12 earnings per share. On average, sell-side analysts anticipate that Valmont Industries, Inc. will post 16.86 EPS for the current fiscal year.

Valmont Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders 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 dividend yield of 0.71%. The ex-dividend date is Friday, December 27th. Valmont Industries’s payout ratio is 16.30%.

Insider Buying and Selling

In other news, Director Mogens C. Bay sold 17,000 shares of Valmont Industries stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $316.48, for a total transaction of $5,380,160.00. Following the sale, the director now owns 154,730 shares of the company’s stock, valued at approximately $48,968,950.40. This trade represents a 9.90 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP R Andrew Massey sold 3,977 shares of the stock in a transaction dated 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 completion of the transaction, the vice president now directly owns 9,408 shares of the company’s stock, valued at $2,963,520. This trade represents a 29.71 % decrease in their position. The disclosure for this sale can be found here. 2.00% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

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