MML Investors Services LLC Reduces Stock Position in Valmont Industries, Inc. (NYSE:VMI)

MML Investors Services LLC trimmed its position in Valmont Industries, Inc. (NYSE:VMI) by 42.8% in the 3rd quarter, HoldingsChannel reports. The firm owned 931 shares of the industrial products company’s stock after selling 698 shares during the quarter. MML Investors Services LLC’s holdings in Valmont Industries were worth $270,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. GAMMA Investing LLC raised its position in Valmont Industries by 117.4% during the 3rd quarter. GAMMA Investing LLC now owns 100 shares of the industrial products company’s stock worth $29,000 after buying an additional 54 shares during the last quarter. Exchange Traded Concepts LLC acquired a new stake in shares of Valmont Industries in the third quarter worth $39,000. Quarry LP raised its holdings in shares of Valmont Industries by 268.0% during the second quarter. Quarry LP now owns 184 shares of the industrial products company’s stock worth $50,000 after purchasing an additional 134 shares during the last quarter. Point72 Asset Management L.P. acquired a new position in Valmont Industries during the third quarter valued at $58,000. Finally, Signaturefd LLC boosted 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 purchasing an additional 56 shares during the last quarter. Institutional investors and hedge funds own 87.84% of the company’s stock.

Insiders Place Their Bets

In related news, Director Daas Kaj Den sold 1,000 shares of Valmont Industries 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 sale, the director now directly owns 8,644 shares in the company, valued at approximately $2,928,414.32. The trade was a 10.37 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP R Andrew Massey sold 3,977 shares of the stock in a transaction that occurred 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 transaction, the vice president now directly owns 9,408 shares of the company’s stock, valued at $2,963,520. The trade was a 29.71 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 41,977 shares of company stock worth $13,950,095. Company insiders own 1.90% of the company’s stock.

Valmont Industries Trading Up 0.9 %

Shares of Valmont Industries stock opened at $311.39 on Thursday. The firm has a 50-day simple moving average of $330.21 and a two-hundred day simple moving average of $297.97. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.55 and a current ratio of 2.35. 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 market cap of $6.24 billion, a P/E ratio of 21.15 and a beta of 1.03.

Valmont Industries (NYSE:VMI) last released 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. 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 analysts’ expectations of $1.02 billion. During the same quarter in the prior year, the firm posted $4.12 EPS. Valmont Industries’s quarterly revenue was down 2.9% compared to the same quarter last year. As a group, equities analysts predict that Valmont Industries, Inc. will post 16.85 earnings per share for the current fiscal year.

Valmont Industries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Friday, December 27th will be issued a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 0.77%. The ex-dividend date of this dividend is Friday, December 27th. Valmont Industries’s payout ratio is presently 16.30%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on VMI shares. Stifel Nicolaus boosted their price objective on Valmont Industries from $360.00 to $382.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. DA Davidson boosted their price target on Valmont Industries from $340.00 to $380.00 and gave the company a “buy” rating in a report on Thursday, October 24th.

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.