Point72 Asset Management L.P. Acquires Shares of 200 Valmont Industries, Inc. (NYSE:VMI)

Point72 Asset Management L.P. acquired a new stake in shares of Valmont Industries, Inc. (NYSE:VMI) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 200 shares of the industrial products company’s stock, valued at approximately $58,000.

Other institutional investors also recently made changes to their positions in the company. GAMMA Investing LLC increased its stake in shares of Valmont Industries by 117.4% in the third quarter. GAMMA Investing LLC now owns 100 shares of the industrial products company’s stock worth $29,000 after buying an additional 54 shares during the last quarter. Exchange Traded Concepts LLC acquired a new position in Valmont Industries during the 3rd quarter worth $39,000. Quarry LP grew its holdings in Valmont Industries by 268.0% during the 2nd quarter. Quarry LP now owns 184 shares of the industrial products company’s stock worth $50,000 after acquiring an additional 134 shares in the last quarter. Signaturefd LLC raised its stake in shares of Valmont Industries by 35.4% in the 3rd quarter. Signaturefd LLC now owns 214 shares of the industrial products company’s stock valued at $62,000 after purchasing an additional 56 shares in the last quarter. Finally, Hanseatic Management Services Inc. acquired a new stake in shares of Valmont Industries in the 3rd quarter valued at about $66,000. 87.84% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently weighed in on VMI shares. Stifel Nicolaus boosted their price objective on Valmont Industries from $360.00 to $382.00 and gave the company a “buy” rating in a report on Wednesday. DA Davidson upped their price target on Valmont Industries from $340.00 to $380.00 and gave the company a “buy” rating in a research report on Thursday, October 24th.

Valmont Industries Trading Down 0.6 %

NYSE VMI opened at $327.29 on Friday. 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. The company has a 50-day simple moving average of $327.72 and a 200-day simple moving average of $294.14. The firm has a market capitalization of $6.56 billion, a PE ratio of 22.23 and a beta of 1.03.

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 company had revenue of $1.02 billion during 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%. Valmont Industries’s quarterly revenue was down 2.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.12 earnings per share. On average, equities analysts forecast that Valmont Industries, Inc. will post 16.85 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 given a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 0.73%. The ex-dividend date of this dividend is Friday, December 27th. Valmont Industries’s dividend payout ratio is presently 16.30%.

Insider Activity

In other Valmont Industries news, Director Mogens C. Bay sold 17,000 shares of the firm’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 sale, the director now owns 154,730 shares in the company, valued at approximately $48,968,950.40. This trade represents a 9.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Daas Kaj Den sold 1,000 shares of the business’s stock in a transaction that occurred 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 transaction, the director now owns 8,644 shares of the company’s stock, valued at approximately $2,928,414.32. This represents a 10.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 41,977 shares of company stock valued at $13,950,095. 2.00% of the stock is currently owned by company insiders.

Valmont Industries 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.