Valmont Industries, Inc. (NYSE:VMI) Shares Sold by Hamel Associates Inc.

Hamel Associates Inc. reduced its holdings in Valmont Industries, Inc. (NYSE:VMI) by 83.8% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 4,009 shares of the industrial products company’s stock after selling 20,669 shares during the quarter. Hamel Associates Inc.’s holdings in Valmont Industries were worth $1,162,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. GAMMA Investing LLC lifted its holdings in 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 acquiring an additional 54 shares during the last quarter. Mather Group LLC. lifted its holdings in shares of Valmont Industries by 2,060.0% in the 2nd quarter. Mather Group LLC. now owns 108 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 103 shares during the last quarter. Exchange Traded Concepts LLC acquired a new position in Valmont Industries during the 3rd quarter valued at approximately $39,000. Quarry LP grew its stake 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 buying an additional 134 shares during the last quarter. Finally, Versant Capital Management Inc acquired a new stake in Valmont Industries in the second quarter worth $52,000. 87.84% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on VMI. 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 report on Thursday, October 24th. Stifel Nicolaus boosted their target price 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. Finally, StockNews.com upgraded shares of Valmont Industries from a “buy” rating to a “strong-buy” rating in a research note on Monday, August 12th.

Insider Activity at Valmont Industries

In other Valmont Industries news, VP R Andrew Massey sold 3,977 shares of the company’s stock in a transaction that occurred on 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 completion of the sale, the vice president now directly owns 9,408 shares in the company, valued at $2,963,520. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, Director Mogens C. Bay sold 17,000 shares of Valmont Industries 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 transaction, the director now owns 154,730 shares of the company’s stock, valued at $48,968,950.40. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP R Andrew Massey sold 3,977 shares of the 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 sale, the vice president now directly owns 9,408 shares of the company’s stock, valued at approximately $2,963,520. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.90% of the company’s stock.

Valmont Industries Trading Down 0.9 %

Shares of VMI stock opened at $345.23 on Wednesday. Valmont Industries, Inc. has a 1 year low of $199.24 and a 1 year high of $352.57. The firm has a market capitalization of $6.91 billion, a PE ratio of 23.45 and a beta of 1.02. The stock has a fifty day moving average of $299.18 and a two-hundred day moving average of $279.60. 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 (NYSE:VMI) last posted its quarterly earnings data on Tuesday, October 22nd. The industrial products company reported $4.11 earnings per share for the quarter, topping the consensus estimate of $4.00 by $0.11. The business had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.02 billion. Valmont Industries had a net margin of 7.38% and a return on equity of 23.10%. The company’s quarterly revenue was down 2.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $4.12 earnings per share. As a group, research analysts expect that Valmont Industries, Inc. will post 16.86 EPS for the current year.

Valmont Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Friday, December 27th will be issued a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 0.70%. The ex-dividend date of this dividend is Friday, December 27th. Valmont Industries’s dividend payout ratio (DPR) is presently 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.