Coldstream Capital Management Inc. Purchases New Position in Valmont Industries, Inc. (NYSE:VMI)

Coldstream Capital Management Inc. purchased a new position in shares of Valmont Industries, Inc. (NYSE:VMI) during the third quarter, Holdings Channel reports. The firm purchased 716 shares of the industrial products company’s stock, valued at approximately $209,000.

A number of other hedge funds also recently bought and sold shares of VMI. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Valmont Industries during the third quarter worth about $466,000. Foundry Partners LLC purchased a new stake in Valmont Industries during the 3rd quarter worth approximately $4,158,000. De Lisle Partners LLP raised its holdings in shares of Valmont Industries by 44.6% during the third quarter. De Lisle Partners LLP now owns 18,800 shares of the industrial products company’s stock valued at $5,454,000 after acquiring an additional 5,800 shares during the last quarter. Vaughan Nelson Investment Management L.P. lifted its position in shares of Valmont Industries by 12.9% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 208,645 shares of the industrial products company’s stock valued at $60,497,000 after acquiring an additional 23,765 shares in the last quarter. Finally, Global Alpha Capital Management Ltd. boosted its stake in shares of Valmont Industries by 69.9% in the third quarter. Global Alpha Capital Management Ltd. now owns 7,287 shares of the industrial products company’s stock worth $2,113,000 after acquiring an additional 2,997 shares during the last quarter. Hedge funds and other institutional investors own 87.84% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in 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 report on Thursday, October 24th. Stifel Nicolaus raised their price target on shares of Valmont Industries from $360.00 to $382.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th.

Valmont Industries Price Performance

NYSE:VMI opened at $326.24 on Wednesday. The stock has a 50 day moving average price of $329.15 and a 200 day moving average price of $295.84. The stock has a market cap of $6.54 billion, a PE ratio of 22.16 and a beta of 1.03. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.55 and a current ratio of 2.35. Valmont Industries, Inc. has a one year low of $202.01 and a one year high of $354.13.

Valmont Industries (NYSE:VMI) last posted its quarterly earnings results on Tuesday, October 22nd. The industrial products company reported $4.11 EPS for the quarter, topping 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 for the quarter, compared to analyst estimates of $1.02 billion. During the same quarter in the previous year, the firm earned $4.12 EPS. The company’s quarterly revenue was down 2.9% compared to the same quarter last year. Equities research analysts expect that Valmont Industries, Inc. will post 16.85 EPS for the current fiscal year.

Valmont Industries Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Friday, December 27th will be issued a dividend of $0.60 per share. The ex-dividend date of this dividend is Friday, December 27th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.74%. Valmont Industries’s dividend payout ratio is currently 16.30%.

Insider Activity

In other news, Director Mogens C. Bay sold 17,000 shares of the company’s stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $316.48, for a total value of $5,380,160.00. Following the transaction, the director now directly owns 154,730 shares in the company, valued at approximately $48,968,950.40. This represents a 9.90 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP R Andrew Massey sold 3,977 shares of Valmont Industries stock in a transaction on 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 completion of the sale, the vice president now directly owns 9,408 shares of the company’s stock, valued at $2,963,520. The trade was a 29.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 41,977 shares of company stock valued at $13,950,095. 1.90% of the stock is currently owned by company 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.