Valmont Industries, Inc. (NYSE:VMI) Stock Holdings Lifted by Nicollet Investment Management Inc.

Nicollet Investment Management Inc. grew its position in shares of Valmont Industries, Inc. (NYSE:VMI) by 2.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,029 shares of the industrial products company’s stock after buying an additional 107 shares during the quarter. Nicollet Investment Management Inc.’s holdings in Valmont Industries were worth $1,458,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in the company. US Bancorp DE raised its holdings in Valmont Industries by 38.8% in the 1st quarter. US Bancorp DE now owns 2,631 shares of the industrial products company’s stock worth $601,000 after acquiring an additional 736 shares during the period. Entropy Technologies LP acquired a new position in shares of Valmont Industries during the first quarter worth approximately $327,000. Edgestream Partners L.P. boosted its position in shares of Valmont Industries by 911.2% in the first quarter. Edgestream Partners L.P. now owns 9,799 shares of the industrial products company’s stock valued at $2,237,000 after acquiring an additional 8,830 shares during the period. Seven Eight Capital LP bought a new position in Valmont Industries during the first quarter worth $636,000. Finally, CANADA LIFE ASSURANCE Co raised its position in shares of Valmont Industries by 0.5% during the first quarter. CANADA LIFE ASSURANCE Co now owns 14,190 shares of the industrial products company’s stock valued at $3,240,000 after buying an additional 67 shares during the last quarter. Institutional investors own 87.84% of the company’s stock.

Valmont Industries Stock Performance

Shares of NYSE:VMI opened at $337.67 on Friday. The business has a fifty day moving average of $303.51 and a 200-day moving average of $281.34. The firm has a market cap of $6.76 billion, a PE ratio of 22.94 and a beta of 1.02. 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 twelve month low of $202.01 and a twelve month high of $352.57.

Valmont Industries (NYSE:VMI) last announced its earnings results on Tuesday, October 22nd. The industrial products company reported $4.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.00 by $0.11. Valmont Industries had a net margin of 7.38% and a return on equity of 23.10%. The company had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same period in the prior year, the business earned $4.12 earnings per share. Valmont Industries’s quarterly revenue was down 2.9% on a year-over-year basis. On average, equities research analysts predict that Valmont Industries, Inc. will post 16.86 EPS for the current fiscal year.

Valmont Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Friday, December 27th will be given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 0.71%. The ex-dividend date is Friday, December 27th. Valmont Industries’s dividend payout ratio is 16.30%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on VMI shares. Stifel Nicolaus increased 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. DA Davidson boosted their price target on shares of Valmont Industries from $340.00 to $380.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Finally, StockNews.com raised shares of Valmont Industries from a “buy” rating to a “strong-buy” rating in a report on Monday, August 12th.

Insider Activity at Valmont Industries

In other news, VP R Andrew Massey sold 3,977 shares of the business’s 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 transaction, the vice president now owns 9,408 shares of the company’s stock, valued at $2,963,520. The trade was a 29.71 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Mogens C. Bay sold 17,000 shares of the firm’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 sale, the director now directly owns 154,730 shares in the company, valued at $48,968,950.40. The trade was a 9.90 % decrease in their position. The disclosure for this sale can be found here. 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.