Insider Selling: Valmont Industries, Inc. (NYSE:VMI) Director Sells 20,000 Shares of Stock

Valmont Industries, Inc. (NYSE:VMI) Director Mogens C. Bay sold 20,000 shares of Valmont Industries stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $348.92, for a total transaction of $6,978,400.00. Following the transaction, the director now directly owns 131,730 shares in the company, valued at approximately $45,963,231.60. The trade was a 13.18 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Valmont Industries Stock Down 0.6 %

Shares of VMI stock traded down $2.19 during trading hours on Tuesday, reaching $347.08. 117,879 shares of the company’s stock were exchanged, compared to its average volume of 153,089. 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 company has a market cap of $6.95 billion, a price-to-earnings ratio of 23.56 and a beta of 1.03. Valmont Industries, Inc. has a fifty-two week low of $202.01 and a fifty-two week high of $354.13. The stock’s 50 day moving average is $318.83 and its 200-day moving average is $289.52.

Valmont Industries (NYSE:VMI) last released its quarterly earnings results on Tuesday, October 22nd. The industrial products company reported $4.11 EPS for the quarter, beating analysts’ consensus estimates of $4.00 by $0.11. Valmont Industries had a return on equity of 23.10% and a net margin of 7.38%. The company had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $1.02 billion. During the same period last year, the business posted $4.12 earnings per share. The firm’s revenue was down 2.9% compared to the same quarter last year. Analysts predict that Valmont Industries, Inc. will post 16.86 earnings per share for the current fiscal year.

Valmont Industries Announces Dividend

The business also recently declared 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. The ex-dividend date is Friday, December 27th. This represents a $2.40 dividend on an annualized basis and a yield of 0.69%. Valmont Industries’s payout ratio is 16.30%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on VMI shares. StockNews.com upgraded Valmont Industries from a “buy” rating to a “strong-buy” rating in a report on Monday, August 12th. DA Davidson lifted their target price on Valmont Industries from $340.00 to $380.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Finally, Stifel Nicolaus increased their price target on shares of Valmont Industries from $350.00 to $360.00 and gave the company a “buy” rating in a research report on Thursday, October 24th.

Institutional Investors Weigh In On Valmont Industries

Several institutional investors and hedge funds have recently made changes to their positions in VMI. State Street Corp increased its position in shares of Valmont Industries by 1.1% in the 3rd quarter. State Street Corp now owns 640,876 shares of the industrial products company’s stock valued at $186,204,000 after acquiring an additional 6,913 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Valmont Industries by 3.5% in the second quarter. Dimensional Fund Advisors LP now owns 418,722 shares of the industrial products company’s stock valued at $114,919,000 after purchasing an additional 14,168 shares during the period. Franklin Resources Inc. increased its holdings in shares of Valmont Industries by 57.6% in the third quarter. Franklin Resources Inc. now owns 407,308 shares of the industrial products company’s stock valued at $123,512,000 after purchasing an additional 148,811 shares during the period. FMR LLC raised its stake in shares of Valmont Industries by 4.0% in the third quarter. FMR LLC now owns 349,426 shares of the industrial products company’s stock worth $101,316,000 after purchasing an additional 13,509 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of Valmont Industries by 1.5% during the third quarter. Geode Capital Management LLC now owns 335,926 shares of the industrial products company’s stock worth $97,428,000 after purchasing an additional 4,940 shares during the period. 87.84% of the stock is currently owned by institutional investors and hedge funds.

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.