Mogens C. Bay Sells 25,000 Shares of Valmont Industries, Inc. (NYSE:VMI) Stock


Share on StockTwits

Valmont Industries, Inc. (NYSE:VMI) Director Mogens C. Bay sold 25,000 shares of the business’s stock in a transaction that occurred on Friday, February 19th. The stock was sold at an average price of $231.30, for a total transaction of $5,782,500.00. Following the completion of the transaction, the director now directly owns 288,221 shares of the company’s stock, valued at approximately $66,665,517.30. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Shares of VMI traded up $0.14 during mid-day trading on Tuesday, reaching $230.55. The company’s stock had a trading volume of 110,489 shares, compared to its average volume of 183,948. The stock has a market cap of $4.90 billion, a PE ratio of 34.71 and a beta of 1.16. The company has a current ratio of 2.36, a quick ratio of 1.68 and a debt-to-equity ratio of 0.66. Valmont Industries, Inc. has a 52 week low of $82.60 and a 52 week high of $236.85. The company’s fifty day moving average price is $208.22 and its two-hundred day moving average price is $160.64.

Valmont Industries (NYSE:VMI) last announced its quarterly earnings data on Wednesday, February 17th. The industrial products company reported $2.20 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.80 by $0.40. Valmont Industries had a net margin of 5.06% and a return on equity of 14.25%. Research analysts anticipate that Valmont Industries, Inc. will post 7.78 EPS for the current year.

A number of large investors have recently bought and sold shares of VMI. Pacer Advisors Inc. raised its holdings in Valmont Industries by 118.9% during the 3rd quarter. Pacer Advisors Inc. now owns 8,464 shares of the industrial products company’s stock valued at $1,051,000 after buying an additional 4,597 shares during the last quarter. Alberta Investment Management Corp bought a new stake in Valmont Industries during the 3rd quarter valued at $559,000. Xponance Inc. raised its holdings in Valmont Industries by 16.4% during the 3rd quarter. Xponance Inc. now owns 2,248 shares of the industrial products company’s stock valued at $279,000 after buying an additional 316 shares during the last quarter. Delta Asset Management LLC TN raised its holdings in Valmont Industries by 11.1% during the 3rd quarter. Delta Asset Management LLC TN now owns 1,522 shares of the industrial products company’s stock valued at $189,000 after buying an additional 152 shares during the last quarter. Finally, Crawford Investment Counsel Inc. raised its holdings in Valmont Industries by 1.2% during the 3rd quarter. Crawford Investment Counsel Inc. now owns 34,351 shares of the industrial products company’s stock valued at $4,266,000 after buying an additional 420 shares during the last quarter. Institutional investors own 85.25% of the company’s stock.

A number of brokerages have recently weighed in on VMI. DA Davidson boosted their price objective on shares of Valmont Industries from $150.00 to $200.00 and gave the stock a “neutral” rating in a report on Friday. William Blair upgraded shares of Valmont Industries from a “market perform” rating to an “outperform” rating in a report on Monday, November 2nd. Two analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $160.00.

About Valmont Industries

Valmont Industries, Inc produces and sells fabricated metal products in the United States, Australia, Denmark, and internationally. The company operates through four segments: Engineered Support Structures, Utility Support Structures, Coatings, and Irrigation. The Engineered Support Structures segment manufactures and distributes engineered metal, steel, aluminum, and composite poles, towers, and components for lighting, traffic, and wireless communication markets; engineered access systems; integrated structure solutions for smart cities; and highway safety products.

See Also: Return on Equity (ROE)

Insider Buying and Selling by Quarter for Valmont Industries (NYSE:VMI)

Receive News & Ratings for Valmont Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Valmont Industries and related companies with MarketBeat.com's FREE daily email newsletter.