Intech Investment Management LLC Sells 1,592 Shares of Valmont Industries, Inc. (NYSE:VMI)

Intech Investment Management LLC lowered its position in Valmont Industries, Inc. (NYSE:VMI - Free Report) by 42.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,194 shares of the industrial products company's stock after selling 1,592 shares during the quarter. Intech Investment Management LLC's holdings in Valmont Industries were worth $636,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of VMI. Mather Group LLC. raised its stake 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 purchasing an additional 103 shares in the last quarter. Harbor Capital Advisors Inc. raised its stake in shares of Valmont Industries by 292.4% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 3,386 shares of the industrial products company's stock valued at $929,000 after buying an additional 2,523 shares in the last quarter. Vaughan Nelson Investment Management L.P. lifted its holdings in shares of 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 worth $50,740,000 after acquiring an additional 23,275 shares during the period. Ecofi Investissements SA acquired a new stake in shares of Valmont Industries during the 2nd quarter valued at about $3,238,000. Finally, Global Alpha Capital Management Ltd. increased its stake in Valmont Industries by 69.9% in the third quarter. Global Alpha Capital Management Ltd. now owns 7,287 shares of the industrial products company's stock valued at $2,113,000 after acquiring an additional 2,997 shares during the period. Institutional investors and hedge funds own 87.84% of the company's stock.

Valmont Industries Price Performance

Shares of Valmont Industries stock traded down $4.28 during mid-day trading on Friday, reaching $347.86. 87,061 shares of the stock were exchanged, compared to its average volume of 118,829. The company has a market cap of $6.97 billion, a price-to-earnings ratio of 23.63 and a beta of 1.02. Valmont Industries, Inc. has a fifty-two week low of $202.01 and a fifty-two week high of $354.13. The company has a current ratio of 2.35, a quick ratio of 1.55 and a debt-to-equity ratio of 0.58. The firm has a 50-day simple moving average of $317.56 and a 200 day simple moving average of $288.69.

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

Valmont Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Friday, December 27th will be paid a $0.60 dividend. The ex-dividend date is Friday, December 27th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.69%. Valmont Industries's dividend payout ratio (DPR) is presently 16.30%.

Wall Street Analysts Forecast Growth

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

Insider Activity

In related news, 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 owns 9,408 shares of the company's stock, valued at $2,963,520. This trade represents a 29.71 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Mogens C. Bay sold 17,000 shares of the business'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 completion of the transaction, the director now owns 154,730 shares of the company's stock, valued at $48,968,950.40. This trade represents a 9.90 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 21,977 shares of company stock worth $6,971,695. 2.00% of the stock is owned by corporate 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.