BNP Paribas Financial Markets Has $1.92 Million Stock Position in Valmont Industries, Inc. (NYSE:VMI)

BNP Paribas Financial Markets lowered its stake in shares of Valmont Industries, Inc. (NYSE:VMI - Free Report) by 25.7% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,624 shares of the industrial products company's stock after selling 2,296 shares during the period. BNP Paribas Financial Markets' holdings in Valmont Industries were worth $1,921,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Cetera Investment Advisers bought a new position in Valmont Industries during the first quarter worth about $1,796,000. Mather Group LLC. boosted its stake 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 worth $30,000 after acquiring an additional 103 shares during the period. NorthCrest Asset Manangement LLC acquired a new position in shares of Valmont Industries during the 2nd quarter worth approximately $342,000. ORG Partners LLC bought a new stake in Valmont Industries in the 2nd quarter valued at $1,812,000. Finally, Welch Group LLC acquired a new stake in Valmont Industries during the 2nd quarter valued at $302,000. Institutional investors and hedge funds own 87.84% of the company's stock.

Insider Buying and Selling at Valmont Industries

In related news, Director Mogens C. Bay sold 17,000 shares of Valmont Industries stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $316.48, for a total value of $5,380,160.00. Following the transaction, the director now directly owns 154,730 shares of the company's stock, valued at $48,968,950.40. This trade represents a 9.90 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Daas Kaj Den sold 1,000 shares of the company's stock in a transaction on 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 owns 8,644 shares of the company's stock, valued at $2,928,414.32. The trade was a 10.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 41,977 shares of company stock valued at $13,950,095 in the last three months. Corporate insiders own 2.00% of the company's stock.

Valmont Industries Stock Performance

Shares of VMI traded down $6.97 during midday trading on Friday, reaching $338.45. 81,386 shares of the stock were exchanged, compared to its average volume of 114,835. The company has a quick ratio of 1.55, a current ratio of 2.35 and a debt-to-equity ratio of 0.58. The stock's 50 day simple moving average is $323.45 and its 200 day simple moving average is $291.73. Valmont Industries, Inc. has a twelve month low of $202.01 and a twelve month high of $354.13. The company has a market cap of $6.78 billion, a P/E ratio of 22.99 and a beta of 1.03.

Valmont Industries (NYSE:VMI - Get Free Report) last issued its quarterly earnings data on Tuesday, October 22nd. The industrial products company reported $4.11 earnings per share for the quarter, topping the consensus estimate of $4.00 by $0.11. Valmont Industries had a net margin of 7.38% and a return on equity of 23.10%. The business had revenue of $1.02 billion during the quarter, compared to analysts' expectations of $1.02 billion. During the same quarter in the previous year, the company earned $4.12 EPS. The business's revenue was down 2.9% on a year-over-year basis. On average, sell-side analysts expect that Valmont Industries, Inc. will post 16.86 earnings per share for the current year.

Valmont Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Friday, December 27th will be paid a dividend of $0.60 per share. The ex-dividend date of this dividend is Friday, December 27th. This represents a $2.40 dividend on an annualized basis and a yield of 0.71%. Valmont Industries's dividend payout ratio (DPR) is presently 16.30%.

Wall Street Analysts Forecast Growth

VMI has been the topic of several research analyst reports. Stifel Nicolaus increased their price objective 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 company a "buy" rating in a report on Thursday, October 24th. Finally, StockNews.com upgraded Valmont Industries from a "buy" rating to a "strong-buy" rating in a report on Monday, August 12th.

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.