Insider Selling: Valmont Industries, Inc. (NYSE:VMI) Director Sells 1,000 Shares of Stock

Valmont Industries, Inc. (NYSE:VMI) Director Daas Kaj Den sold 1,000 shares of the company’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $338.78, for a total transaction of $338,780.00. Following the completion of the transaction, the director now 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 sale was disclosed in a filing with the SEC, which can be accessed through this link.

Valmont Industries Stock Up 0.2 %

Shares of VMI traded up $0.77 on Wednesday, hitting $340.40. 77,659 shares of the stock traded hands, compared to its average volume of 153,907. Valmont Industries, Inc. has a one year low of $202.01 and a one year high of $352.57. 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 business has a 50 day simple moving average of $306.42 and a 200 day simple moving average of $283.73. The company has a market capitalization of $6.82 billion, a PE ratio of 23.09 and a beta of 1.02.

Valmont Industries (NYSE:VMI) last issued its quarterly earnings results on Tuesday, October 22nd. The industrial products company reported $4.11 earnings per share for the quarter, topping the consensus estimate 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 revenue was down 2.9% compared to the same quarter last year. During the same quarter last year, the company posted $4.12 EPS. As a group, equities analysts forecast that Valmont Industries, Inc. will post 16.86 earnings per share for the current fiscal year.

Valmont Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Friday, December 27th will be given a $0.60 dividend. The ex-dividend date of this dividend is Friday, December 27th. This represents a $2.40 annualized dividend and a dividend yield of 0.71%. Valmont Industries’s payout ratio is presently 16.30%.

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. GAMMA Investing LLC lifted its holdings in Valmont Industries by 117.4% during the third 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 in the last quarter. Mather Group LLC. raised its position in shares of Valmont Industries by 2,060.0% in the second 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. Sunbelt Securities Inc. acquired a new stake in shares of Valmont Industries in the third quarter valued at about $35,000. Exchange Traded Concepts LLC acquired a new stake in shares of Valmont Industries in the third quarter valued at about $39,000. Finally, Quarry LP raised its position in shares of Valmont Industries by 268.0% in the second quarter. Quarry LP now owns 184 shares of the industrial products company’s stock valued at $50,000 after buying an additional 134 shares during the last quarter. Institutional investors own 87.84% of the company’s stock.

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.