Intech Investment Management LLC Has $636,000 Position in Valmont Industries, Inc. (NYSE:VMI)

Intech Investment Management LLC cut its position in shares of Valmont Industries, Inc. (NYSE:VMI) by 42.0% in the third quarter, Holdings Channel reports. The institutional investor owned 2,194 shares of the industrial products company’s stock after selling 1,592 shares during the period. Intech Investment Management LLC’s holdings in Valmont Industries were worth $636,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of VMI. Mather Group LLC. boosted its holdings in Valmont Industries by 2,060.0% during the second quarter. Mather Group LLC. now owns 108 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 103 shares during the last quarter. Harbor Capital Advisors Inc. boosted its stake in shares of Valmont Industries by 292.4% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 3,386 shares of the industrial products company’s stock worth $929,000 after buying an additional 2,523 shares during the last quarter. Vaughan Nelson Investment Management L.P. boosted its stake in shares of Valmont Industries by 14.4% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 184,880 shares of the industrial products company’s stock worth $50,740,000 after buying an additional 23,275 shares during the last quarter. Ecofi Investissements SA bought a new position in shares of Valmont Industries in the 2nd quarter valued at about $3,238,000. Finally, Global Alpha Capital Management Ltd. increased its position in shares of Valmont Industries by 69.9% in the third quarter. Global Alpha Capital Management Ltd. now owns 7,287 shares of the industrial products company’s stock valued at $2,113,000 after acquiring an additional 2,997 shares during the last quarter. Institutional investors and hedge funds own 87.84% of the company’s stock.

Insider Transactions at Valmont Industries

In related news, Director Daas Kaj Den sold 1,000 shares of Valmont Industries stock in a transaction that occurred 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 sale, the director now directly owns 8,644 shares of the company’s stock, valued at approximately $2,928,414.32. This trade represents a 10.37 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP R Andrew Massey sold 3,977 shares of the business’s stock in a transaction on 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 owns 9,408 shares of the company’s stock, valued at $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 90 days, insiders sold 21,977 shares of company stock worth $6,971,695. 2.00% of the stock is owned by insiders.

Analysts Set New Price Targets

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

Shares of NYSE VMI opened at $347.86 on Friday. The company has a quick ratio of 1.55, a current ratio of 2.35 and a debt-to-equity ratio of 0.58. The business’s 50 day moving average price is $317.56 and its two-hundred day moving average price is $288.49. The company has a market cap of $6.97 billion, a PE ratio of 23.63 and a beta of 1.02. Valmont Industries, Inc. has a twelve month low of $202.01 and a twelve month high of $354.13.

Valmont Industries (NYSE:VMI) last issued 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. 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 period in the previous year, the company posted $4.12 EPS. The firm’s revenue for the quarter was down 2.9% compared to the same quarter last year. On average, analysts predict that Valmont Industries, Inc. will post 16.86 EPS for the current year.

Valmont Industries Announces Dividend

The business also recently disclosed 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. This represents a $2.40 annualized dividend and a dividend yield of 0.69%. The ex-dividend date of this dividend is Friday, December 27th. Valmont Industries’s payout ratio is presently 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.