Hsbc Holdings PLC Has $1.43 Million Stock Position in Valmont Industries, Inc. (NYSE:VMI)

Hsbc Holdings PLC decreased its stake in shares of Valmont Industries, Inc. (NYSE:VMI) by 36.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,240 shares of the industrial products company’s stock after selling 2,952 shares during the period. Hsbc Holdings PLC’s holdings in Valmont Industries were worth $1,434,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in VMI. Vanguard Group Inc. lifted its position in Valmont Industries by 2.6% during the 4th quarter. Vanguard Group Inc. now owns 2,100,156 shares of the industrial products company’s stock valued at $490,407,000 after purchasing an additional 54,189 shares during the period. Dimensional Fund Advisors LP lifted its position in Valmont Industries by 3.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 418,722 shares of the industrial products company’s stock valued at $114,919,000 after purchasing an additional 14,168 shares during the period. Bank of New York Mellon Corp lifted its position in Valmont Industries by 39.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 258,845 shares of the industrial products company’s stock valued at $71,040,000 after purchasing an additional 73,084 shares during the period. First Trust Advisors LP lifted its position in Valmont Industries by 15.8% during the 4th quarter. First Trust Advisors LP now owns 227,578 shares of the industrial products company’s stock valued at $53,142,000 after purchasing an additional 31,017 shares during the period. Finally, Vaughan Nelson Investment Management L.P. lifted its position in 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 valued at $50,740,000 after purchasing an additional 23,275 shares during the period. Institutional investors and hedge funds own 87.84% of the company’s stock.

Insider Buying and Selling

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

Valmont Industries Stock Performance

Shares of VMI stock opened at $288.99 on Friday. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.53 and a quick ratio of 1.63. The stock has a market cap of $5.84 billion, a PE ratio of 38.08 and a beta of 1.03. The stock has a 50-day moving average of $282.17 and a 200-day moving average of $257.93. Valmont Industries, Inc. has a one year low of $188.63 and a one year high of $307.67.

Valmont Industries (NYSE:VMI) last announced its quarterly earnings results on Wednesday, July 24th. The industrial products company reported $4.76 EPS for the quarter, beating analysts’ consensus estimates of $4.04 by $0.72. The company had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.06 billion. Valmont Industries had a return on equity of 23.30% and a net margin of 4.09%. As a group, sell-side analysts expect that Valmont Industries, Inc. will post 16.76 earnings per share for the current year.

Valmont Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Friday, September 27th will be paid 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 yield of 0.83%. Valmont Industries’s payout ratio is 31.62%.

Analysts Set New Price Targets

A number of research analysts have issued reports on VMI shares. StockNews.com upgraded shares of Valmont Industries from a “buy” rating to a “strong-buy” rating in a research report on Monday, August 12th. DA Davidson upped their target price on shares of Valmont Industries from $300.00 to $340.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Finally, Stifel Nicolaus upped their target price on shares of Valmont Industries from $285.00 to $325.00 and gave the company a “buy” rating in a research report on Thursday, July 18th. One 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. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $332.50.

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.