Valmont Industries, Inc. (NYSE:VMI) Shares Acquired by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. boosted its holdings in Valmont Industries, Inc. (NYSE:VMI) by 1.3% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 271,604 shares of the industrial products company’s stock after purchasing an additional 3,501 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Valmont Industries were worth $78,752,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. GAMMA Investing LLC boosted its position in shares of Valmont Industries by 117.4% during the 3rd quarter. GAMMA Investing LLC now owns 100 shares of the industrial products company’s stock worth $29,000 after acquiring an additional 54 shares in the last quarter. Mather Group LLC. boosted its holdings 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 valued at $30,000 after purchasing an additional 103 shares in the last quarter. Exchange Traded Concepts LLC purchased a new position in Valmont Industries in the third quarter valued at approximately $39,000. Quarry LP raised its holdings 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 purchased a new stake in shares of Valmont Industries during the 2nd quarter worth approximately $52,000. 87.84% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Daas Kaj Den sold 1,000 shares of the business’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $338.78, for a total transaction of $338,780.00. Following the transaction, the director now directly owns 8,644 shares in the company, valued at $2,928,414.32. The trade was a 10.37 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP R Andrew Massey sold 3,977 shares of the firm’s stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $315.00, for a total transaction of $1,252,755.00. Following the completion of the sale, the vice president now owns 9,408 shares of the company’s stock, valued at approximately $2,963,520. The trade was a 29.71 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 21,977 shares of company stock valued at $6,971,695. Company insiders own 1.90% of the company’s stock.

Analyst Upgrades and Downgrades

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

Valmont Industries Stock Up 0.0 %

VMI stock opened at $352.14 on Thursday. The company has a market cap of $7.05 billion, a price-to-earnings ratio of 23.92 and a beta of 1.02. The company has a fifty day moving average price of $313.45 and a 200 day moving average price of $286.97. 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 $354.13.

Valmont Industries (NYSE:VMI) last announced 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. Valmont Industries had a net margin of 7.38% and a return on equity of 23.10%. The business had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $1.02 billion. During the same period in the prior year, the company earned $4.12 earnings per share. The business’s revenue was down 2.9% compared to the same quarter last year. Sell-side analysts expect that Valmont Industries, Inc. will post 16.86 earnings per share for the current year.

Valmont Industries Announces Dividend

The business also recently announced 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. The ex-dividend date is Friday, December 27th. This represents a $2.40 annualized dividend and a dividend yield of 0.68%. Valmont Industries’s dividend payout ratio (DPR) is currently 16.30%.

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.