Nicollet Investment Management Inc. Buys 107 Shares of Valmont Industries, Inc. (NYSE:VMI)

Nicollet Investment Management Inc. lifted its position in Valmont Industries, Inc. (NYSE:VMI) by 2.2% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 5,029 shares of the industrial products company’s stock after acquiring an additional 107 shares during the period. Nicollet Investment Management Inc.’s holdings in Valmont Industries were worth $1,458,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. US Bancorp DE raised its stake in Valmont Industries by 38.8% in the first quarter. US Bancorp DE now owns 2,631 shares of the industrial products company’s stock valued at $601,000 after buying an additional 736 shares during the period. Entropy Technologies LP acquired a new stake in Valmont Industries during the 1st quarter valued at $327,000. Edgestream Partners L.P. boosted its position in Valmont Industries by 911.2% during the first quarter. Edgestream Partners L.P. now owns 9,799 shares of the industrial products company’s stock worth $2,237,000 after purchasing an additional 8,830 shares during the period. Seven Eight Capital LP acquired a new position in shares of Valmont Industries in the first quarter valued at $636,000. Finally, CANADA LIFE ASSURANCE Co raised its position in shares of Valmont Industries by 0.5% in 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 purchasing an additional 67 shares during the period. 87.84% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. DA Davidson upped their target price on Valmont Industries from $340.00 to $380.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Stifel Nicolaus increased their price objective on Valmont Industries from $350.00 to $360.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Finally, StockNews.com raised 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, Director Mogens C. Bay sold 17,000 shares of the business’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 directly owns 154,730 shares in the company, valued at approximately $48,968,950.40. The trade was a 9.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP R Andrew Massey sold 3,977 shares of the firm’s stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $315.00, for a total transaction 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 approximately $2,963,520. This trade represents a 29.71 % decrease in their position. The disclosure for this sale can be found here. 2.00% of the stock is owned by insiders.

Valmont Industries Stock Performance

NYSE VMI opened at $337.67 on Friday. The firm’s 50 day simple moving average is $303.51 and its 200 day simple moving average is $281.34. 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 1 year low of $202.01 and a 1 year high of $352.57. The firm has a market capitalization of $6.76 billion, a price-to-earnings ratio of 22.94 and a beta of 1.02.

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 company had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $1.02 billion. During the same quarter in the previous year, the firm earned $4.12 EPS. Valmont Industries’s revenue was down 2.9% on a year-over-year basis. As a group, research analysts expect that Valmont Industries, Inc. will post 16.86 earnings per share for the current fiscal year.

Valmont Industries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Friday, December 27th will be issued 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 of this dividend is Friday, December 27th. Valmont Industries’s dividend payout ratio (DPR) is presently 16.30%.

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.