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

Townsquare Capital LLC boosted its position in Valmont Industries, Inc. (NYSE:VMI) by 8.7% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 10,764 shares of the industrial products company’s stock after purchasing an additional 857 shares during the period. Townsquare Capital LLC’s holdings in Valmont Industries were worth $3,121,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. Quantbot Technologies LP purchased a new stake in Valmont Industries in the 3rd quarter worth about $2,588,000. FMR LLC increased its stake in shares of Valmont Industries by 4.0% in the third 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 in the last quarter. D.A. Davidson & CO. raised its position in shares of Valmont Industries by 30.1% in the third quarter. D.A. Davidson & CO. now owns 43,709 shares of the industrial products company’s stock valued at $12,674,000 after purchasing an additional 10,120 shares during the period. Bank of Montreal Can lifted its stake in shares of Valmont Industries by 371.6% during the 3rd quarter. Bank of Montreal Can now owns 21,927 shares of the industrial products company’s stock valued at $6,338,000 after buying an additional 17,278 shares in the last quarter. Finally, Horizon Kinetics Asset Management LLC boosted its holdings in Valmont Industries by 53.7% in the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 2,575 shares of the industrial products company’s stock worth $747,000 after buying an additional 900 shares during the period. 87.84% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on VMI. StockNews.com upgraded Valmont Industries from a “buy” rating to a “strong-buy” rating in a research report on Monday, August 12th. DA Davidson increased 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. Finally, Stifel Nicolaus lifted 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.

Insider Buying and Selling at Valmont Industries

In other Valmont Industries news, Director Mogens C. Bay sold 17,000 shares of the firm’s stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $316.48, for a total transaction of $5,380,160.00. Following the sale, the director now owns 154,730 shares in the company, valued at $48,968,950.40. This trade represents a 9.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP R Andrew Massey sold 3,977 shares of Valmont Industries 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 sale, the vice president now directly owns 9,408 shares of the company’s stock, valued at approximately $2,963,520. This trade represents a 29.71 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 21,977 shares of company stock worth $6,971,695 over the last three months. 2.00% of the stock is owned by insiders.

Valmont Industries Stock Down 1.4 %

Shares of NYSE:VMI opened at $347.36 on Friday. The firm has a fifty day moving average price of $316.26 and a two-hundred day moving average price of $287.88. The company has a market cap of $6.96 billion, a price-to-earnings ratio of 23.60 and a beta of 1.02. 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 one year low of $202.01 and a one year high of $354.13.

Valmont Industries (NYSE:VMI) last posted its quarterly earnings data on Tuesday, October 22nd. The industrial products company reported $4.11 earnings per share (EPS) for the quarter, beating 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 company had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.02 billion. During the same quarter last year, the company earned $4.12 earnings per share. The firm’s quarterly revenue was down 2.9% on a year-over-year basis. Analysts anticipate that Valmont Industries, Inc. will post 16.86 EPS for the current fiscal year.

Valmont Industries Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Friday, December 27th will be paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date is Friday, December 27th. Valmont Industries’s dividend payout ratio is currently 16.30%.

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.