Valmont Industries, Inc. (NYSE:VMI) Director Daas Kaj Den Sells 1,000 Shares of Stock

Valmont Industries, Inc. (NYSE:VMI) Director Daas Kaj Den sold 1,000 shares of Valmont Industries stock in a transaction on Monday, November 18th. The shares were 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 directly owns 8,644 shares in the company, valued at $2,928,414.32. This represents a 10.37 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Valmont Industries Trading Up 0.1 %

VMI opened at $339.97 on Thursday. The firm has a market capitalization of $6.81 billion, a price-to-earnings ratio of 23.10 and a beta of 1.02. The company’s 50 day simple moving average is $307.85 and its two-hundred day simple moving average is $284.13. Valmont Industries, Inc. has a 1-year low of $202.01 and a 1-year high of $352.57. 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 (NYSE:VMI) last announced its quarterly earnings data 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. The firm had revenue of $1.02 billion for 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%. The firm’s revenue was down 2.9% compared to the same quarter last year. During the same quarter last year, the business posted $4.12 earnings per share. Analysts expect that Valmont Industries, Inc. will post 16.86 EPS for the current fiscal year.

Valmont Industries Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Friday, December 27th will be paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date is Friday, December 27th. Valmont Industries’s dividend payout ratio (DPR) is presently 16.30%.

Analysts Set New Price Targets

Several research firms recently weighed in on VMI. DA Davidson upped their price target on shares of Valmont Industries from $340.00 to $380.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. StockNews.com upgraded Valmont Industries from a “buy” rating to a “strong-buy” rating in a research report on Monday, August 12th. Finally, Stifel Nicolaus increased their price objective on Valmont Industries from $350.00 to $360.00 and gave the company a “buy” rating in a research note on Thursday, October 24th.

Institutional Trading of Valmont Industries

Hedge funds have recently made changes to their positions in the company. Mather Group LLC. increased its stake in Valmont Industries by 2,060.0% during the second quarter. Mather Group LLC. now owns 108 shares of the industrial products company’s stock worth $30,000 after acquiring an additional 103 shares during the last quarter. Harbor Capital Advisors Inc. raised its holdings in Valmont Industries by 292.4% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 3,386 shares of the industrial products company’s stock valued at $929,000 after buying an additional 2,523 shares during the period. Vaughan Nelson Investment Management L.P. lifted its position in Valmont Industries by 14.4% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 184,880 shares of the industrial products company’s stock valued at $50,740,000 after buying an additional 23,275 shares during the last quarter. Seven Eight Capital LP purchased a new position in Valmont Industries during the first quarter worth about $636,000. Finally, Ecofi Investissements SA acquired a new stake in shares of Valmont Industries during the second quarter valued at about $3,238,000. Hedge funds and other institutional investors own 87.84% of the company’s stock.

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.