River Road Asset Management LLC Has $3.22 Million Holdings in Valmont Industries, Inc. (NYSE:VMI)

River Road Asset Management LLC cut its stake in Valmont Industries, Inc. (NYSE:VMI) by 53.4% in the third quarter, Holdings Channel.com reports. The firm owned 11,087 shares of the industrial products company’s stock after selling 12,689 shares during the quarter. River Road Asset Management LLC’s holdings in Valmont Industries were worth $3,215,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Moloney Securities Asset Management LLC boosted its stake in Valmont Industries by 3.5% in the 3rd quarter. Moloney Securities Asset Management LLC now owns 3,746 shares of the industrial products company’s stock worth $1,086,000 after purchasing an additional 128 shares during the period. BSW Wealth Partners bought a new stake in Valmont Industries during the 3rd quarter worth about $217,000. Van ECK Associates Corp lifted its position in Valmont Industries by 40.0% during the 3rd quarter. Van ECK Associates Corp now owns 11,493 shares of the industrial products company’s stock worth $3,332,000 after buying an additional 3,284 shares in the last quarter. Harbor Capital Advisors Inc. lifted its position in Valmont Industries by 115.5% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 7,296 shares of the industrial products company’s stock worth $2,115,000 after buying an additional 3,910 shares in the last quarter. Finally, Congress Asset Management Co. lifted its position in Valmont Industries by 16.3% during the 3rd quarter. Congress Asset Management Co. now owns 47,863 shares of the industrial products company’s stock worth $13,878,000 after buying an additional 6,718 shares in the last quarter. 87.84% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, VP R Andrew Massey sold 3,977 shares of the company’s stock in a transaction dated Friday, October 25th. The shares were 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 in the company, valued at approximately $2,963,520. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, VP R Andrew Massey sold 3,977 shares of the company’s stock in a transaction dated Friday, October 25th. The shares were 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 in the company, valued at approximately $2,963,520. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mogens C. Bay sold 17,000 shares of the company’s stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $316.48, for a total transaction of $5,380,160.00. Following the completion of the transaction, the director now owns 154,730 shares in the company, valued at approximately $48,968,950.40. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.90% of the stock is owned by insiders.

Analysts Set New Price Targets

Several brokerages have commented on VMI. StockNews.com raised shares of Valmont Industries from a “buy” rating to a “strong-buy” rating in a research report on Monday, August 12th. DA Davidson boosted their price target on shares of Valmont Industries from $340.00 to $380.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Finally, Stifel Nicolaus boosted their price target on shares of Valmont Industries from $350.00 to $360.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th.

Valmont Industries Stock Up 2.2 %

Shares of VMI stock opened at $326.38 on Wednesday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.55 and a current ratio of 2.35. The firm’s 50-day moving average is $292.15 and its 200-day moving average is $274.11. The stock has a market cap of $6.54 billion, a price-to-earnings ratio of 22.17 and a beta of 1.02. Valmont Industries, Inc. has a 52-week low of $192.94 and a 52-week high of $330.97.

Valmont Industries (NYSE:VMI) last issued 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 company had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $1.02 billion. Valmont Industries had a net margin of 7.38% and a return on equity of 23.10%. Valmont Industries’s quarterly revenue was down 2.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.12 EPS. Sell-side analysts predict that Valmont Industries, Inc. will post 16.84 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. Stockholders of record on Friday, December 27th will be issued a $0.60 dividend. 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 0.74%. Valmont Industries’s payout ratio is 16.30%.

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.