BNP Paribas Financial Markets Decreases Stock Holdings in Valmont Industries, Inc. (NYSE:VMI)

BNP Paribas Financial Markets lowered its stake in shares of Valmont Industries, Inc. (NYSE:VMI) by 25.7% during the 3rd quarter, Holdings Channel.com reports. The fund owned 6,624 shares of the industrial products company’s stock after selling 2,296 shares during the quarter. BNP Paribas Financial Markets’ holdings in Valmont Industries were worth $1,921,000 as of its most recent filing with the SEC.

A number of other large investors have also recently made changes to their positions in VMI. GAMMA Investing LLC boosted its holdings in Valmont Industries by 117.4% in the third quarter. GAMMA Investing LLC now owns 100 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 54 shares during the last quarter. Mather Group LLC. boosted its stake in shares of Valmont Industries by 2,060.0% in the 2nd quarter. Mather Group LLC. now owns 108 shares of the industrial products company’s stock worth $30,000 after buying an additional 103 shares during the last quarter. Exchange Traded Concepts LLC bought a new stake in shares of Valmont Industries in the third quarter worth $39,000. Quarry LP lifted its holdings in 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 acquiring an additional 134 shares during the period. Finally, Signaturefd LLC lifted its holdings in Valmont Industries by 35.4% in the third quarter. Signaturefd LLC now owns 214 shares of the industrial products company’s stock valued at $62,000 after acquiring an additional 56 shares during the period. 87.84% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on VMI. Stifel Nicolaus upped their price target 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. 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 report on Thursday, October 24th. Finally, StockNews.com raised shares of Valmont Industries from a “buy” rating to a “strong-buy” rating in a research report on Monday, August 12th.

Insider Transactions at Valmont Industries

In other news, Director Mogens C. Bay sold 20,000 shares of Valmont Industries stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $348.92, for a total value of $6,978,400.00. Following the sale, the director now directly owns 131,730 shares of the company’s stock, valued at approximately $45,963,231.60. The trade was a 13.18 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP R Andrew Massey sold 3,977 shares of the business’s stock in a transaction dated Friday, October 25th. The stock was 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 in the company, valued at $2,963,520. This represents a 29.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 41,977 shares of company stock valued at $13,950,095 over the last 90 days. Company insiders own 2.00% of the company’s stock.

Valmont Industries Trading Down 2.0 %

Shares of NYSE:VMI opened at $338.45 on Friday. Valmont Industries, Inc. has a 12-month low of $202.01 and a 12-month high of $354.13. The company has a market cap of $6.78 billion, a PE ratio of 22.99 and a beta of 1.03. The stock has a 50 day moving average of $323.45 and a 200 day moving average of $291.73. The company has a current ratio of 2.35, a quick ratio of 1.55 and a debt-to-equity ratio of 0.58.

Valmont Industries (NYSE:VMI) last posted its quarterly 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. The business had revenue of $1.02 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the prior year, the business posted $4.12 earnings per share. As a group, equities research analysts expect that Valmont Industries, Inc. will post 16.86 EPS for the current year.

Valmont Industries Announces Dividend

The firm 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. The ex-dividend date is Friday, December 27th. This represents a $2.40 annualized dividend and a dividend yield of 0.71%. Valmont Industries’s payout ratio is 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.