Valmont Industries, Inc. (NYSE:VMI) Shares Sold by D.B. Root & Company LLC

D.B. Root & Company LLC trimmed its holdings in Valmont Industries, Inc. (NYSE:VMI) by 5.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,007 shares of the industrial products company’s stock after selling 189 shares during the period. D.B. Root & Company LLC’s holdings in Valmont Industries were worth $922,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. State Street Corp grew its position in shares of Valmont Industries by 1.1% in the third quarter. State Street Corp now owns 640,876 shares of the industrial products company’s stock valued at $186,204,000 after purchasing an additional 6,913 shares during the last quarter. Franklin Resources Inc. increased its position in Valmont Industries by 57.6% during the third quarter. Franklin Resources Inc. now owns 407,308 shares of the industrial products company’s stock worth $123,512,000 after buying an additional 148,811 shares in the last quarter. FMR LLC increased its position in Valmont Industries by 4.0% during the third quarter. FMR LLC now owns 349,426 shares of the industrial products company’s stock worth $101,316,000 after buying an additional 13,509 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Valmont Industries by 1.5% in the third quarter. Geode Capital Management LLC now owns 335,926 shares of the industrial products company’s stock worth $97,428,000 after acquiring an additional 4,940 shares during the last quarter. Finally, Earnest Partners LLC purchased a new stake in shares of Valmont Industries in the second quarter valued at $91,878,000. 87.84% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on VMI shares. Stifel Nicolaus boosted their target price on shares of Valmont Industries from $360.00 to $382.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. DA Davidson boosted their price objective 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.

Insider Buying and Selling

In related news, 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 completion of the sale, the vice president now owns 9,408 shares of the company’s stock, valued at approximately $2,963,520. This represents a 29.71 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Daas Kaj Den sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $338.78, for a total transaction of $338,780.00. Following the sale, the director now owns 8,644 shares of the company’s stock, valued at approximately $2,928,414.32. This represents a 10.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 41,977 shares of company stock valued at $13,950,095. 2.00% of the stock is currently owned by company insiders.

Valmont Industries Stock Performance

Valmont Industries stock opened at $340.38 on Thursday. The stock has a fifty day moving average price of $327.08 and a 200 day moving average price of $304.33. 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 52 week low of $202.01 and a 52 week high of $354.13. The firm has a market capitalization of $6.82 billion, a P/E ratio of 23.12 and a beta of 1.05.

Valmont Industries (NYSE:VMI) last released its earnings results on Tuesday, October 22nd. The industrial products company reported $4.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.00 by $0.11. The firm 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%. Valmont Industries’s revenue was down 2.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $4.12 earnings per share. Equities research analysts anticipate that Valmont Industries, Inc. will post 16.85 earnings per share for the current year.

Valmont Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Friday, December 27th were paid a dividend of $0.60 per share. The ex-dividend date of this dividend was Friday, December 27th. This represents a $2.40 annualized dividend and a dividend yield of 0.71%. Valmont Industries’s dividend payout ratio 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.