Jane Street Group LLC Has $2.45 Million Stock Holdings in Valmont Industries, Inc. (NYSE:VMI)

Jane Street Group LLC decreased its holdings in shares of Valmont Industries, Inc. (NYSE:VMI - Free Report) by 81.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,460 shares of the industrial products company's stock after selling 37,898 shares during the quarter. Jane Street Group LLC's holdings in Valmont Industries were worth $2,453,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in VMI. Wellington Management Group LLP lifted its position in Valmont Industries by 16.3% in the third quarter. Wellington Management Group LLP now owns 247,714 shares of the industrial products company's stock worth $71,825,000 after purchasing an additional 34,772 shares during the period. Southernsun Asset Management LLC lifted its holdings in shares of Valmont Industries by 10.3% during the 3rd quarter. Southernsun Asset Management LLC now owns 20,946 shares of the industrial products company's stock worth $6,073,000 after acquiring an additional 1,954 shares during the period. State Street Corp boosted its position in shares of Valmont Industries by 1.1% during the 3rd quarter. State Street Corp now owns 640,876 shares of the industrial products company's stock valued at $186,204,000 after acquiring an additional 6,913 shares in the last quarter. Stifel Financial Corp increased its stake in Valmont Industries by 6.9% in the third quarter. Stifel Financial Corp now owns 12,581 shares of the industrial products company's stock valued at $3,648,000 after acquiring an additional 808 shares during the period. Finally, Quantinno Capital Management LP raised its position in Valmont Industries by 30.3% in the third quarter. Quantinno Capital Management LP now owns 10,773 shares of the industrial products company's stock worth $3,124,000 after purchasing an additional 2,503 shares in the last quarter. Institutional investors and hedge funds own 87.84% of the company's stock.

Insider Activity at Valmont Industries

In related news, VP R Andrew Massey sold 3,977 shares of the firm's stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $315.00, for a total value of $1,252,755.00. Following the transaction, the vice president now owns 9,408 shares in the company, valued at $2,963,520. This trade represents a 29.71 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mogens C. Bay sold 20,000 shares of the business's stock in a transaction dated 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 sale, the director now directly owns 131,730 shares of the company's stock, valued at $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 sold 41,977 shares of company stock valued at $13,950,095 over the last ninety days. 2.00% of the stock is owned by insiders.

Valmont Industries Price Performance

VMI stock traded up $0.33 during trading on Monday, hitting $308.54. 106,086 shares of the stock traded hands, compared to its average volume of 153,220. 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 stock has a market cap of $6.18 billion, a price-to-earnings ratio of 20.96 and a beta of 1.03. Valmont Industries, Inc. has a one year low of $202.01 and a one year high of $354.13. The company has a 50 day simple moving average of $329.95 and a 200 day simple moving average of $297.11.

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. Valmont Industries had a net margin of 7.38% and a return on equity of 23.10%. The company 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 posted $4.12 earnings per share. Valmont Industries's quarterly revenue was down 2.9% compared to the same quarter last year. Equities analysts expect that Valmont Industries, Inc. will post 16.85 EPS for the current fiscal year.

Valmont Industries Announces Dividend

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 of this dividend is Friday, December 27th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.78%. Valmont Industries's dividend payout ratio (DPR) is presently 16.30%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on VMI shares. DA Davidson upped their price objective on Valmont Industries from $340.00 to $380.00 and gave the company a "buy" rating in a research note on Thursday, October 24th. Stifel Nicolaus upped their price target on Valmont Industries from $360.00 to $382.00 and gave the company a "buy" rating in a research report on Wednesday, December 11th.

About Valmont Industries

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.