LaFleur & Godfrey LLC Has $4.25 Million Position in Valmont Industries, Inc. (NYSE:VMI)

LaFleur & Godfrey LLC grew its position in Valmont Industries, Inc. (NYSE:VMI) by 2.3% during the 4th quarter, Holdings Channel reports. The firm owned 13,873 shares of the industrial products company’s stock after purchasing an additional 308 shares during the quarter. LaFleur & Godfrey LLC’s holdings in Valmont Industries were worth $4,254,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. GAMMA Investing LLC lifted its holdings in Valmont Industries by 117.4% during 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. bought a new position in shares of Valmont Industries in the third quarter valued at approximately $35,000. Exchange Traded Concepts LLC acquired a new position in shares of Valmont Industries in the 3rd quarter worth approximately $39,000. Quarry LP grew its position in Valmont Industries by 268.0% during the 2nd quarter. Quarry LP now owns 184 shares of the industrial products company’s stock worth $50,000 after acquiring an additional 134 shares during the last quarter. Finally, Point72 Asset Management L.P. bought a new stake in Valmont Industries during the 3rd quarter worth approximately $58,000. Institutional investors own 87.84% of the company’s stock.

Valmont Industries Stock Performance

VMI stock opened at $337.00 on Monday. The company has a 50 day moving average price of $327.37 and a 200 day moving average price of $303.02. Valmont Industries, Inc. has a fifty-two week low of $202.01 and a fifty-two week high of $354.13. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.35 and a quick ratio of 1.55. The stock has a market capitalization of $6.75 billion, a PE ratio of 22.89 and a beta of 1.05.

Valmont Industries (NYSE:VMI) last released its earnings results 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. 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 the consensus estimate of $1.02 billion. During the same quarter in the previous year, the company posted $4.12 earnings per share. The firm’s quarterly revenue was down 2.9% on a year-over-year basis. Analysts forecast that Valmont Industries, Inc. will post 16.85 EPS for the current year.

Valmont Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Friday, December 27th were given a dividend of $0.60 per share. The ex-dividend date was Friday, December 27th. This represents a $2.40 dividend on an annualized basis and a yield of 0.71%. Valmont Industries’s payout ratio is presently 16.30%.

Analyst Upgrades and Downgrades

VMI has been the topic of a number of recent analyst reports. Stifel Nicolaus boosted their price objective on Valmont Industries from $360.00 to $382.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. DA Davidson upped 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.

Insider Activity

In other Valmont Industries news, Director Daas Kaj Den sold 1,000 shares of the 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 transaction, the director now owns 8,644 shares of the company’s stock, valued at approximately $2,928,414.32. This represents a 10.37 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, 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 completion of the sale, the vice president now directly owns 9,408 shares of the company’s stock, valued at approximately $2,963,520. This trade represents a 29.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 41,977 shares of company stock valued at $13,950,095. 1.90% of the stock is currently owned by insiders.

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.