Valmont Industries, Inc. (NYSE:VMI) Shares Sold by ORG Partners LLC

ORG Partners LLC lowered its position in Valmont Industries, Inc. (NYSE:VMI) by 1.0% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 6,198 shares of the industrial products company’s stock after selling 62 shares during the period. ORG Partners LLC’s holdings in Valmont Industries were worth $1,901,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of VMI. GAMMA Investing LLC boosted its holdings in Valmont Industries by 117.4% in the 3rd quarter. GAMMA Investing LLC now owns 100 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 54 shares during the last quarter. Sunbelt Securities Inc. purchased a new stake in Valmont Industries in the 3rd quarter valued at about $35,000. Exchange Traded Concepts LLC acquired a new position in Valmont Industries in the third quarter valued at about $39,000. Quarry LP boosted its stake in Valmont Industries by 268.0% during the second 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 period. Finally, Point72 Asset Management L.P. purchased a new position in Valmont Industries during the third quarter worth about $58,000. 87.84% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Stifel Nicolaus upped their price objective on shares of Valmont Industries from $360.00 to $382.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. DA Davidson raised their price target on Valmont Industries from $340.00 to $380.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th.

Valmont Industries Stock Down 1.4 %

Shares of VMI stock traded down $4.39 during trading on Friday, reaching $303.12. The company’s stock had a trading volume of 10,555 shares, compared to its average volume of 101,750. Valmont Industries, Inc. has a 1-year low of $202.01 and a 1-year high of $354.13. The stock’s 50-day moving average price is $328.83 and its 200 day moving average price is $300.54. The company has a market capitalization of $6.07 billion, a price-to-earnings ratio of 20.59 and a beta of 1.05. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.35 and a quick ratio of 1.55.

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 analysts’ consensus estimates of $4.00 by $0.11. The business had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.02 billion. Valmont Industries had a return on equity of 23.10% and a net margin of 7.38%. The company’s revenue was down 2.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.12 earnings per share. On average, research analysts anticipate that Valmont Industries, Inc. will post 16.85 EPS for the current year.

Valmont Industries Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Friday, December 27th will be paid a dividend of $0.60 per share. The ex-dividend date of this dividend is Friday, December 27th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.79%. Valmont Industries’s payout ratio is 16.30%.

Insider Activity at Valmont Industries

In related news, VP R Andrew Massey sold 3,977 shares of the stock in a transaction 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 transaction, the vice president now owns 9,408 shares of the company’s stock, valued at $2,963,520. This represents a 29.71 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, 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 directly owns 8,644 shares of the company’s stock, valued at $2,928,414.32. This trade represents a 10.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 41,977 shares of company stock valued at $13,950,095 over the last 90 days. 2.00% of the stock is owned by corporate insiders.

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.