Thurston Springer Miller Herd & Titak Inc. Acquires 1,860 Shares of Valmont Industries, Inc. (NYSE:VMI)

Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of Valmont Industries, Inc. (NYSE:VMI) by 93,000.0% in the 4th quarter, HoldingsChannel reports. The firm owned 1,862 shares of the industrial products company’s stock after acquiring an additional 1,860 shares during the quarter. Thurston Springer Miller Herd & Titak Inc.’s holdings in Valmont Industries were worth $571,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. State Street Corp increased its holdings in Valmont Industries by 1.1% during the third quarter. State Street Corp now owns 640,876 shares of the industrial products company’s stock worth $186,204,000 after buying an additional 6,913 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Valmont Industries by 3.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 418,722 shares of the industrial products company’s stock valued at $114,919,000 after acquiring an additional 14,168 shares during the period. Franklin Resources Inc. increased its stake in shares of Valmont Industries by 57.6% during the 3rd quarter. Franklin Resources Inc. now owns 407,308 shares of the industrial products company’s stock worth $123,512,000 after purchasing an additional 148,811 shares during the last quarter. FMR LLC raised its holdings in shares of Valmont Industries by 4.0% in the 3rd quarter. FMR LLC now owns 349,426 shares of the industrial products company’s stock worth $101,316,000 after purchasing an additional 13,509 shares during the period. Finally, Geode Capital Management LLC lifted its stake in Valmont Industries by 1.5% in the third quarter. Geode Capital Management LLC now owns 335,926 shares of the industrial products company’s stock valued at $97,428,000 after purchasing an additional 4,940 shares during the last quarter. 87.84% of the stock is currently owned by institutional investors.

Valmont Industries Stock Up 3.7 %

VMI opened at $325.21 on Thursday. The company has a 50 day moving average of $328.04 and a 200 day moving average of $301.64. 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 12 month low of $202.01 and a 12 month high of $354.13. The company has a market cap of $6.51 billion, a PE ratio of 22.09 and a beta of 1.05.

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 analysts’ consensus estimates of $4.00 by $0.11. Valmont Industries had a return on equity of 23.10% and a net margin of 7.38%. The firm had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.02 billion. During the same period last year, the company earned $4.12 earnings per share. The business’s revenue for the quarter was down 2.9% on a year-over-year basis. On average, sell-side analysts expect that Valmont Industries, Inc. will post 16.85 EPS for the current year.

Valmont Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Friday, December 27th were given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 0.74%. The ex-dividend date was Friday, December 27th. Valmont Industries’s dividend payout ratio is presently 16.30%.

Insider Transactions at Valmont Industries

In related news, 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 transaction of $338,780.00. Following the completion of the sale, the director now owns 8,644 shares of the company’s stock, valued at approximately $2,928,414.32. This trade represents a 10.37 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP R Andrew Massey sold 3,977 shares of the business’s stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $315.00, for a total value of $1,252,755.00. Following the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 41,977 shares of company stock valued at $13,950,095. 1.90% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

VMI has been the subject of a number of recent research reports. Stifel Nicolaus raised their target price on Valmont Industries from $360.00 to $382.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. DA Davidson lifted their price objective on Valmont Industries from $340.00 to $380.00 and gave the stock a “buy” rating in a report 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.