Public Employees Retirement Association of Colorado Sells 164 Shares of Valmont Industries, Inc. (NYSE:VMI)

Public Employees Retirement Association of Colorado lowered its holdings in shares of Valmont Industries, Inc. (NYSE:VMI) by 6.9% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 2,219 shares of the industrial products company’s stock after selling 164 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Valmont Industries were worth $609,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Mather Group LLC. lifted 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. Versant Capital Management Inc bought a new stake in Valmont Industries in the 2nd quarter valued at $52,000. First Horizon Advisors Inc. lifted its holdings in Valmont Industries by 58.0% during the 2nd quarter. First Horizon Advisors Inc. now owns 248 shares of the industrial products company’s stock valued at $68,000 after purchasing an additional 91 shares during the last quarter. Meeder Asset Management Inc. bought a new position in Valmont Industries during the first quarter worth $66,000. Finally, TFO Wealth Partners LLC increased its holdings in shares of Valmont Industries by 51,000.0% in the fourth quarter. TFO Wealth Partners LLC now owns 511 shares of the industrial products company’s stock valued at $119,000 after purchasing an additional 510 shares during the last quarter. Institutional investors and hedge funds own 87.84% of the company’s stock.

Analyst Ratings Changes

VMI has been the subject of a number of research reports. 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 boosted their price objective on Valmont Industries from $300.00 to $340.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Finally, Stifel Nicolaus increased their target price on Valmont Industries from $285.00 to $325.00 and gave the stock a “buy” rating in a research note on Thursday, July 18th. One equities research analyst has rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $332.50.

Insider Transactions at Valmont Industries

In related news, Director Theodor Werner Freye sold 1,600 shares of the business’s stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $300.12, for a total value of $480,192.00. Following the completion of the transaction, the director now owns 3,685 shares of the company’s stock, valued at $1,105,942.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, CFO Timothy P. Francis sold 2,300 shares of the stock in a transaction that occurred on Tuesday, July 30th. The shares were sold at an average price of $298.49, for a total transaction of $686,527.00. Following the sale, the chief financial officer now owns 9,471 shares in the company, valued at approximately $2,826,998.79. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Theodor Werner Freye sold 1,600 shares of the business’s stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $300.12, for a total transaction of $480,192.00. Following the transaction, the director now owns 3,685 shares of the company’s stock, valued at $1,105,942.20. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by insiders.

Valmont Industries Price Performance

Shares of Valmont Industries stock opened at $288.87 on Friday. The company has a quick ratio of 1.63, a current ratio of 2.53 and a debt-to-equity ratio of 0.69. The stock has a market capitalization of $5.83 billion, a price-to-earnings ratio of 38.06 and a beta of 1.03. Valmont Industries, Inc. has a twelve month low of $188.63 and a twelve month high of $307.67. The company has a 50-day simple moving average of $281.97 and a two-hundred day simple moving average of $257.42.

Valmont Industries (NYSE:VMI) last announced its earnings results on Wednesday, July 24th. The industrial products company reported $4.76 EPS for the quarter, topping the consensus estimate of $4.04 by $0.72. The company had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.06 billion. Valmont Industries had a net margin of 4.09% and a return on equity of 23.30%. Analysts forecast that Valmont Industries, Inc. will post 16.76 EPS for the current year.

Valmont Industries Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Friday, September 27th will be given a dividend of $0.60 per share. The ex-dividend date of this dividend is Friday, September 27th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.83%. Valmont Industries’s payout ratio is 31.62%.

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.