Valmont Industries, Inc. (NYSE:VMI) Shares Sold by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC lowered its position in Valmont Industries, Inc. (NYSE:VMI - Free Report) by 28.7% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,998 shares of the industrial products company's stock after selling 4,835 shares during the period. Wedge Capital Management L L P NC owned approximately 0.06% of Valmont Industries worth $3,479,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. GAMMA Investing LLC lifted its holdings in shares of Valmont Industries by 117.4% in the third quarter. GAMMA Investing LLC now owns 100 shares of the industrial products company's stock valued at $29,000 after purchasing an additional 54 shares in the last quarter. Mather Group LLC. grew its holdings in Valmont Industries by 2,060.0% during the 2nd quarter. Mather Group LLC. now owns 108 shares of the industrial products company's stock valued at $30,000 after buying an additional 103 shares during the last quarter. Exchange Traded Concepts LLC purchased a new position in Valmont Industries during the third quarter worth $39,000. Quarry LP raised its holdings in shares of Valmont Industries by 268.0% in the second quarter. Quarry LP now owns 184 shares of the industrial products company's stock worth $50,000 after acquiring an additional 134 shares during the last quarter. Finally, Versant Capital Management Inc purchased a new stake in shares of Valmont Industries in the second quarter valued at $52,000. 87.84% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on VMI. DA Davidson boosted their target price on shares of Valmont Industries from $300.00 to $340.00 and gave the company a "buy" rating in a research note on Friday, July 26th. Stifel Nicolaus upped their price objective on shares of Valmont Industries from $285.00 to $325.00 and gave the company a "buy" rating in a research note on Thursday, July 18th. Finally, StockNews.com raised shares of Valmont Industries from a "buy" rating to a "strong-buy" rating in a research note on Monday, August 12th. One investment analyst has rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $332.50.

Insider Buying and Selling

In other Valmont Industries news, Director Theodor Werner Freye sold 1,600 shares of Valmont Industries stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $300.12, for a total transaction of $480,192.00. Following the transaction, the director now directly owns 3,685 shares of the company's stock, valued at $1,105,942.20. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, CFO Timothy P. Francis sold 2,300 shares of the stock in a transaction dated Tuesday, July 30th. The stock was sold at an average price of $298.49, for a total value of $686,527.00. Following the completion of the sale, the chief financial officer now owns 9,471 shares in the company, valued at approximately $2,826,998.79. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Theodor Werner Freye sold 1,600 shares of the business's stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $300.12, for a total value of $480,192.00. Following the transaction, the director now directly owns 3,685 shares in the company, valued at $1,105,942.20. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.90% of the company's stock.

Valmont Industries Trading Up 2.4 %

Shares of VMI traded up $7.15 during mid-day trading on Wednesday, hitting $310.85. The company had a trading volume of 133,767 shares, compared to its average volume of 156,442. The company has a quick ratio of 1.63, a current ratio of 2.53 and a debt-to-equity ratio of 0.69. The stock has a market cap of $6.27 billion, a PE ratio of 37.50 and a beta of 1.02. Valmont Industries, Inc. has a 1-year low of $188.63 and a 1-year high of $312.61. The business's 50-day simple moving average is $284.02 and its 200-day simple moving average is $265.12.

Valmont Industries (NYSE:VMI - Get Free Report) last released its quarterly earnings data on Wednesday, July 24th. The industrial products company reported $4.76 EPS for the quarter, topping analysts' consensus estimates of $4.04 by $0.72. The business had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.06 billion. Valmont Industries had a return on equity of 23.30% and a net margin of 4.09%. Sell-side analysts forecast that Valmont Industries, Inc. will post 16.76 earnings per share for the current year.

Valmont Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Friday, September 27th were issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date of this dividend was Friday, September 27th. Valmont Industries's payout ratio is currently 28.95%.

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.