Townsquare Capital LLC Buys 857 Shares of Valmont Industries, Inc. (NYSE:VMI)

Townsquare Capital LLC raised its position in Valmont Industries, Inc. (NYSE:VMI) by 8.7% during the third quarter, according to its most recent filing with the SEC. The firm owned 10,764 shares of the industrial products company’s stock after purchasing an additional 857 shares during the period. Townsquare Capital LLC owned 0.05% of Valmont Industries worth $3,121,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of VMI. First Horizon Advisors Inc. lifted its holdings in Valmont Industries by 12.5% in the third quarter. First Horizon Advisors Inc. now owns 279 shares of the industrial products company’s stock valued at $81,000 after buying an additional 31 shares during the period. Wealth Enhancement Advisory Services LLC boosted its position in shares of Valmont Industries by 1.5% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 2,325 shares of the industrial products company’s stock worth $674,000 after purchasing an additional 35 shares in the last quarter. Huntington National Bank grew its stake in shares of Valmont Industries by 16.5% in the 3rd quarter. Huntington National Bank now owns 247 shares of the industrial products company’s stock valued at $72,000 after buying an additional 35 shares during the period. UMB Bank n.a. increased its position in Valmont Industries by 3.1% in the 3rd quarter. UMB Bank n.a. now owns 1,303 shares of the industrial products company’s stock valued at $378,000 after buying an additional 39 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC raised its stake in Valmont Industries by 2.5% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 1,717 shares of the industrial products company’s stock worth $470,000 after buying an additional 42 shares during the period. 87.84% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Valmont Industries news, Director Mogens C. Bay sold 17,000 shares of the business’s stock in a transaction on Friday, October 25th. The stock was sold at an average price of $316.48, for a total value of $5,380,160.00. Following the transaction, the director now owns 154,730 shares of the company’s stock, valued at approximately $48,968,950.40. The trade was a 9.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Daas Kaj Den sold 1,000 shares of Valmont Industries 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 sale, 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 ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 21,977 shares of company stock valued at $6,971,695. Corporate insiders own 2.00% of the company’s stock.

Valmont Industries Stock Down 1.4 %

VMI stock opened at $347.36 on Friday. The firm has a market capitalization of $6.96 billion, a PE ratio of 23.60 and a beta of 1.02. The company has a quick ratio of 1.55, a current ratio of 2.35 and a debt-to-equity ratio of 0.58. Valmont Industries, Inc. has a twelve month low of $202.01 and a twelve month high of $354.13. The stock’s 50 day moving average is $316.26 and its 200-day moving average is $287.88.

Valmont Industries (NYSE:VMI) last released its quarterly 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 business had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.02 billion. Valmont Industries had a return on equity of 23.10% and a net margin of 7.38%. Valmont Industries’s quarterly revenue was down 2.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $4.12 EPS. Sell-side analysts expect that Valmont Industries, Inc. will post 16.86 EPS for the current fiscal year.

Valmont Industries Announces Dividend

The company 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 annualized dividend and a yield of 0.69%. The ex-dividend date is Friday, December 27th. Valmont Industries’s dividend payout ratio (DPR) is presently 16.30%.

Analyst Ratings Changes

A number of equities research analysts have commented on VMI shares. DA Davidson raised 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. StockNews.com upgraded shares of Valmont Industries from a “buy” rating to a “strong-buy” rating in a research note on Monday, August 12th. Finally, Stifel Nicolaus raised their price objective on shares of Valmont Industries from $350.00 to $360.00 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.