Valmont Industries, Inc. (NYSE:VMI) Director Mogens C. Bay Sells 17,000 Shares

Valmont Industries, Inc. (NYSE:VMI) Director Mogens C. Bay sold 17,000 shares of the stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $316.48, for a total value 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. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Valmont Industries Stock Performance

VMI traded down $5.82 during trading on Tuesday, hitting $319.74. 90,701 shares of the stock were exchanged, compared to its average volume of 157,193. The company has a quick ratio of 1.55, a current ratio of 2.35 and a debt-to-equity ratio of 0.58. Valmont Industries, Inc. has a 1-year low of $189.05 and a 1-year high of $330.97. The stock has a fifty day moving average price of $289.02 and a two-hundred day moving average price of $270.49. The firm has a market capitalization of $6.45 billion, a P/E ratio of 21.74 and a beta of 1.02.

Valmont Industries (NYSE:VMI) last announced its 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. The business 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%. The company’s quarterly revenue was down 2.9% on a year-over-year basis. During the same period in the previous year, the company posted $4.12 EPS. As a group, sell-side analysts predict that Valmont Industries, Inc. will post 16.84 earnings per share for the current year.

Valmont Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Friday, December 27th will be paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 0.75%. Valmont Industries’s dividend payout ratio (DPR) is 16.30%.

Hedge Funds Weigh In On Valmont Industries

Several institutional investors have recently added to or reduced their stakes in the stock. Norden Group LLC grew its stake in shares of Valmont Industries by 1,353.5% in the 1st quarter. Norden Group LLC now owns 23,620 shares of the industrial products company’s stock valued at $5,394,000 after purchasing an additional 21,995 shares during the last quarter. Mather Group LLC. grew its position in Valmont Industries by 2,060.0% in the 2nd quarter. Mather Group LLC. now owns 108 shares of the industrial products company’s stock valued at $30,000 after buying an additional 103 shares during the last quarter. Congress Wealth Management LLC DE increased its stake in Valmont Industries by 11.7% in the 1st quarter. Congress Wealth Management LLC DE now owns 27,673 shares of the industrial products company’s stock valued at $6,317,000 after buying an additional 2,909 shares during the period. Trillium Asset Management LLC raised its position in Valmont Industries by 5.0% during the 1st quarter. Trillium Asset Management LLC now owns 57,547 shares of the industrial products company’s stock worth $13,137,000 after buying an additional 2,723 shares during the last quarter. Finally, Harbor Capital Advisors Inc. lifted its stake in shares of Valmont Industries by 292.4% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 3,386 shares of the industrial products company’s stock worth $929,000 after acquiring an additional 2,523 shares during the period. Institutional investors and hedge funds own 87.84% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Valmont Industries Company Profile

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.