CX Institutional Sells 780 Shares of Valmont Industries, Inc. (NYSE:VMI)

CX Institutional reduced its stake in Valmont Industries, Inc. (NYSE:VMI) by 20.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,066 shares of the industrial products company’s stock after selling 780 shares during the period. CX Institutional’s holdings in Valmont Industries were worth $940,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in VMI. Vanguard Personalized Indexing Management LLC boosted its position in shares of Valmont Industries by 2.5% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 1,717 shares of the industrial products company’s stock worth $470,000 after purchasing an additional 42 shares during the last quarter. Squarepoint Ops LLC bought a new position in shares of Valmont Industries in the 2nd quarter worth $2,224,000. AQR Capital Management LLC boosted its position in shares of Valmont Industries by 16.1% in the 2nd quarter. AQR Capital Management LLC now owns 13,628 shares of the industrial products company’s stock worth $3,723,000 after purchasing an additional 1,894 shares during the last quarter. Mackenzie Financial Corp boosted its position in shares of Valmont Industries by 13.9% in the 2nd quarter. Mackenzie Financial Corp now owns 1,523 shares of the industrial products company’s stock worth $418,000 after purchasing an additional 186 shares during the last quarter. Finally, Algert Global LLC bought a new position in shares of Valmont Industries in the 2nd quarter worth $3,155,000. 87.84% of the stock is currently owned by institutional investors.

Valmont Industries Stock Performance

VMI stock opened at $342.33 on Friday. The business’s 50-day moving average price is $327.21 and its two-hundred day moving average price is $305.42. The company has a current ratio of 2.35, a quick ratio of 1.55 and a debt-to-equity ratio of 0.58. The firm has a market cap of $6.86 billion, a PE ratio of 23.26 and a beta of 1.05. Valmont Industries, Inc. has a 1-year low of $202.01 and a 1-year high of $354.13.

Valmont Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Friday, December 27th were paid 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 was Friday, December 27th. Valmont Industries’s dividend payout ratio is 16.30%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on VMI shares. Stifel Nicolaus raised their price target on Valmont Industries from $382.00 to $387.00 and gave the stock a “buy” rating in a research report on Friday. DA Davidson lifted their target price on Valmont Industries from $340.00 to $380.00 and gave the stock a “buy” rating in a report on Thursday, October 24th.

Insider Buying and Selling at Valmont Industries

In other Valmont Industries news, Director Daas Kaj Den sold 1,000 shares of Valmont Industries stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $338.78, for a total value of $338,780.00. Following the sale, the director now owns 8,644 shares of the company’s stock, valued at $2,928,414.32. This trade represents a 10.37 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Mogens C. Bay sold 20,000 shares of Valmont Industries stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $348.92, for a total value of $6,978,400.00. Following the completion of the sale, the director now directly owns 131,730 shares in the company, valued at $45,963,231.60. This represents a 13.18 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.00% 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.