Bank of Montreal Can Lowers Position in Valmont Industries, Inc. (NYSE:VMI)

Bank of Montreal Can reduced its position in Valmont Industries, Inc. (NYSE:VMI - Free Report) by 92.8% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 4,649 shares of the industrial products company's stock after selling 60,290 shares during the period. Bank of Montreal Can's holdings in Valmont Industries were worth $1,280,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in VMI. Vanguard Group Inc. boosted its holdings in shares of Valmont Industries by 2.6% in the fourth quarter. Vanguard Group Inc. now owns 2,100,156 shares of the industrial products company's stock valued at $490,407,000 after acquiring an additional 54,189 shares during the period. Dimensional Fund Advisors LP raised its position in Valmont Industries by 3.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 418,722 shares of the industrial products company's stock valued at $114,919,000 after purchasing an additional 14,168 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in Valmont Industries by 39.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 258,845 shares of the industrial products company's stock worth $71,040,000 after purchasing an additional 73,084 shares during the period. First Trust Advisors LP grew its position in Valmont Industries by 15.8% during the 4th quarter. First Trust Advisors LP now owns 227,578 shares of the industrial products company's stock worth $53,142,000 after purchasing an additional 31,017 shares during the last quarter. Finally, Sei Investments Co. increased its stake in Valmont Industries by 794.2% in the second quarter. Sei Investments Co. now owns 198,116 shares of the industrial products company's stock valued at $54,373,000 after purchasing an additional 175,961 shares during the period. 87.84% of the stock is owned by institutional investors and hedge funds.

Valmont Industries Price Performance

VMI stock traded up $3.05 on Friday, reaching $290.54. 85,839 shares of the company's stock were exchanged, compared to its average volume of 158,665. The stock has a fifty day moving average of $282.43 and a 200-day moving average of $260.84. The firm has a market cap of $5.87 billion, a PE ratio of 38.28 and a beta of 1.02. The company has a quick ratio of 1.63, a current ratio of 2.53 and a debt-to-equity ratio of 0.69. Valmont Industries, Inc. has a twelve month low of $188.63 and a twelve month high of $307.67.

Valmont Industries (NYSE:VMI - Get Free Report) last issued its earnings results on Wednesday, July 24th. The industrial products company reported $4.76 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.04 by $0.72. The company had revenue of $1.04 billion during the quarter, compared to analysts' expectations of $1.06 billion. Valmont Industries had a net margin of 4.09% and a return on equity of 23.30%. As a group, equities analysts predict that Valmont Industries, Inc. will post 16.76 EPS for the current fiscal year.

Valmont Industries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Friday, September 27th will be issued a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 0.83%. The ex-dividend date is Friday, September 27th. Valmont Industries's dividend payout ratio (DPR) is 31.62%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. StockNews.com raised Valmont Industries from a "buy" rating to a "strong-buy" rating in a report on Monday, August 12th. Stifel Nicolaus lifted their target price on Valmont Industries from $285.00 to $325.00 and gave the company a "buy" rating in a research note on Thursday, July 18th. Finally, DA Davidson increased their price target on Valmont Industries from $300.00 to $340.00 and gave the stock a "buy" rating in a report on Friday, July 26th. One investment analyst has rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Buy" and an average price target of $332.50.

Insider Activity

In related news, CFO Timothy P. Francis sold 2,300 shares of the business's stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $298.49, for a total value of $686,527.00. Following the sale, the chief financial officer now directly owns 9,471 shares in the company, valued at $2,826,998.79. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Valmont Industries news, Director Theodor Werner Freye sold 1,600 shares of the stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $300.12, for a total transaction of $480,192.00. Following the sale, the director now owns 3,685 shares in the company, valued at approximately $1,105,942.20. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Timothy P. Francis sold 2,300 shares of the firm's stock in a transaction on Tuesday, July 30th. The stock was sold at an average price of $298.49, for a total value of $686,527.00. Following the transaction, the chief financial officer now directly owns 9,471 shares of the company's stock, valued at $2,826,998.79. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.00% of the company's stock.

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.