Duff & Phelps Investment Management Co. Cuts Holdings in Valmont Industries, Inc. (NYSE:VMI)

Duff & Phelps Investment Management Co. trimmed its stake in shares of Valmont Industries, Inc. (NYSE:VMI - Free Report) by 24.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 25,069 shares of the industrial products company's stock after selling 8,297 shares during the quarter. Duff & Phelps Investment Management Co. owned about 0.13% of Valmont Industries worth $7,269,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. GAMMA Investing LLC grew its holdings in shares of Valmont Industries by 117.4% in the 3rd quarter. GAMMA Investing LLC now owns 100 shares of the industrial products company's stock worth $29,000 after acquiring an additional 54 shares during the period. Mather Group LLC. raised its position in 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 purchasing an additional 103 shares during the period. Exchange Traded Concepts LLC purchased a new stake in Valmont Industries during the 3rd quarter worth $39,000. Quarry LP grew its position 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 buying an additional 134 shares in the last quarter. Finally, Point72 Asset Management L.P. bought a new position in Valmont Industries during the third quarter worth $58,000. 87.84% of the stock is currently owned by hedge funds and other institutional investors.

Valmont Industries Stock Down 0.3 %

Shares of VMI traded down $1.15 during trading hours on Monday, reaching $337.30. The stock had a trading volume of 125,985 shares, compared to its average volume of 152,340. Valmont Industries, Inc. has a 12 month low of $202.01 and a 12 month high of $354.13. The company has a market capitalization of $6.76 billion, a price-to-earnings ratio of 22.91 and a beta of 1.03. The firm has a 50-day simple moving average of $323.45 and a 200 day simple moving average of $291.96. The company has a current ratio of 2.35, a quick ratio of 1.55 and a debt-to-equity ratio of 0.58.

Valmont Industries (NYSE:VMI - Get Free Report) last issued its quarterly earnings data on Tuesday, October 22nd. The industrial products company reported $4.11 EPS 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 analyst estimates of $1.02 billion. During the same period in the prior year, the business earned $4.12 EPS. The company's revenue for the quarter was down 2.9% on a year-over-year basis. Equities research analysts predict that Valmont Industries, Inc. will post 16.86 earnings per share for the current fiscal year.

Valmont Industries Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Friday, December 27th will be given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 0.71%. The ex-dividend date of this dividend is Friday, December 27th. Valmont Industries's dividend payout ratio is currently 16.30%.

Analysts Set New Price Targets

A number of research firms have commented on VMI. StockNews.com raised shares of Valmont Industries from a "buy" rating to a "strong-buy" rating in a research note on Monday, August 12th. DA Davidson lifted their price target on shares of Valmont Industries from $340.00 to $380.00 and gave the stock a "buy" rating in a research note on Thursday, October 24th. Finally, Stifel Nicolaus raised their price target on Valmont Industries from $350.00 to $360.00 and gave the company a "buy" rating in a report on Thursday, October 24th.

Insider Buying and Selling

In other Valmont Industries news, VP R Andrew Massey sold 3,977 shares of the business's stock in a transaction on Friday, October 25th. The stock was sold at an average price of $315.00, for a total transaction of $1,252,755.00. Following the transaction, the vice president now owns 9,408 shares of the company's stock, valued at approximately $2,963,520. The trade was a 29.71 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Mogens C. Bay sold 20,000 shares of the stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $348.92, for a total value of $6,978,400.00. Following the transaction, the director now owns 131,730 shares of the company's stock, valued at approximately $45,963,231.60. This represents a 13.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 41,977 shares of company stock valued at $13,950,095 in the last ninety days. 2.00% of the stock is owned by company insiders.

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.