Valmont Industries, Inc. (NYSE:VMI) Shares Sold by Sigma Planning Corp

Sigma Planning Corp reduced its holdings in shares of Valmont Industries, Inc. (NYSE:VMI) by 6.1% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,539 shares of the industrial products company’s stock after selling 100 shares during the quarter. Sigma Planning Corp’s holdings in Valmont Industries were worth $446,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in VMI. Mather Group LLC. boosted its holdings in 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 purchasing an additional 103 shares in the last quarter. Harbor Capital Advisors Inc. boosted its stake in Valmont Industries by 292.4% in the second quarter. Harbor Capital Advisors Inc. now owns 3,386 shares of the industrial products company’s stock valued at $929,000 after acquiring an additional 2,523 shares in the last quarter. Vaughan Nelson Investment Management L.P. grew its holdings in shares of Valmont Industries by 14.4% during the second quarter. Vaughan Nelson Investment Management L.P. now owns 184,880 shares of the industrial products company’s stock worth $50,740,000 after purchasing an additional 23,275 shares during the last quarter. Seven Eight Capital LP acquired a new stake in shares of Valmont Industries during the first quarter worth about $636,000. Finally, Entropy Technologies LP purchased a new stake in shares of Valmont Industries in the 1st quarter valued at about $327,000. Hedge funds and other institutional investors own 87.84% of the company’s stock.

Valmont Industries Price Performance

Shares of NYSE VMI opened at $337.67 on Friday. The stock has a fifty day moving average price of $303.51 and a 200 day moving average price of $281.34. Valmont Industries, Inc. has a 1-year low of $202.01 and a 1-year high of $352.57. 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 company has a market cap of $6.76 billion, a PE ratio of 22.94 and a beta of 1.02.

Valmont Industries (NYSE:VMI) last released its earnings results on Tuesday, October 22nd. The industrial products company reported $4.11 EPS for the quarter, topping the consensus estimate of $4.00 by $0.11. The company had revenue of $1.02 billion during 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 business’s revenue was down 2.9% on a year-over-year basis. During the same quarter last year, the business earned $4.12 EPS. Sell-side analysts forecast that Valmont Industries, Inc. will post 16.86 EPS for the current year.

Valmont Industries Dividend Announcement

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

Insider Buying and Selling

In other Valmont Industries news, VP R Andrew Massey sold 3,977 shares of the business’s stock in a transaction on Friday, October 25th. The stock was sold at an average price of $315.00, for a total transaction of $1,252,755.00. Following the sale, the vice president now directly owns 9,408 shares in the company, valued at approximately $2,963,520. The trade was a 29.71 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mogens C. Bay sold 17,000 shares of the firm’s stock in a transaction on 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 of the company’s stock, valued at approximately $48,968,950.40. This represents a 9.90 % decrease in their position. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in 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. DA Davidson upped their target price on shares of Valmont Industries from $340.00 to $380.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Finally, Stifel Nicolaus raised their price target on Valmont Industries from $350.00 to $360.00 and gave the stock a “buy” rating in a report on Thursday, October 24th.

Valmont Industries 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.