Amalgamated Bank Cuts Stock Holdings in Valmont Industries, Inc. (NYSE:VMI)

Amalgamated Bank trimmed its position in Valmont Industries, Inc. (NYSE:VMI - Free Report) by 24.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,479 shares of the industrial products company's stock after selling 3,055 shares during the quarter. Amalgamated Bank's holdings in Valmont Industries were worth $2,748,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. GAMMA Investing LLC lifted its position in shares of 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. Mather Group LLC. grew its holdings in shares of Valmont Industries by 2,060.0% during the 2nd quarter. Mather Group LLC. now owns 108 shares of the industrial products company's stock valued at $30,000 after purchasing an additional 103 shares during the last quarter. Exchange Traded Concepts LLC acquired a new position in Valmont Industries during the 3rd quarter worth approximately $39,000. Quarry LP increased its position in Valmont Industries by 268.0% during the 2nd quarter. Quarry LP now owns 184 shares of the industrial products company's stock worth $50,000 after purchasing an additional 134 shares in the last quarter. Finally, Versant Capital Management Inc bought a new position in shares of Valmont Industries in the 2nd quarter valued at $52,000. 87.84% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

VMI has been the topic of a number of research reports. StockNews.com upgraded Valmont Industries from a "buy" rating to a "strong-buy" rating in a research report on Monday, August 12th. Stifel Nicolaus upped their price objective on Valmont Industries from $350.00 to $360.00 and gave the company a "buy" rating in a research note on Thursday, October 24th. Finally, DA Davidson lifted their target price 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.

Insider Activity

In other news, Director Mogens C. Bay sold 17,000 shares of the firm's stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $316.48, for a total transaction of $5,380,160.00. Following the completion of the sale, the director now owns 154,730 shares of the company's stock, valued at $48,968,950.40. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, Director Mogens C. Bay sold 17,000 shares of the company's stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $316.48, for a total transaction of $5,380,160.00. Following the transaction, the director now directly owns 154,730 shares of the company's stock, valued at approximately $48,968,950.40. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP R Andrew Massey sold 3,977 shares of the firm's 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 completion of the sale, the vice president now directly owns 9,408 shares of the company's stock, valued at $2,963,520. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 2.00% of the stock is owned by company insiders.

Valmont Industries Trading Up 2.3 %

Shares of VMI traded up $7.75 during mid-day trading on Monday, reaching $348.17. 118,836 shares of the company were exchanged, compared to its average volume of 155,126. The business has a 50 day simple moving average of $297.81 and a two-hundred day simple moving average of $278.65. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.55 and a current ratio of 2.35. The stock has a market capitalization of $6.98 billion, a PE ratio of 23.65 and a beta of 1.02. Valmont Industries, Inc. has a 52 week low of $199.24 and a 52 week high of $352.57.

Valmont Industries (NYSE:VMI - Get Free Report) last issued its quarterly earnings results on Tuesday, October 22nd. The industrial products company reported $4.11 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.00 by $0.11. Valmont Industries had a net margin of 7.38% and a return on equity of 23.10%. The firm had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter in the previous year, the company earned $4.12 EPS. The company's revenue for the quarter was down 2.9% on a year-over-year basis. On average, analysts predict that Valmont Industries, Inc. will post 16.84 earnings per share for the current fiscal 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. 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 dividend payout ratio (DPR) is presently 16.30%.

Valmont Industries 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.