IQ EQ FUND MANAGEMENT IRELAND Ltd Sells 3,416 Shares of Valmont Industries, Inc. (NYSE:VMI)

IQ EQ FUND MANAGEMENT IRELAND Ltd decreased its position in shares of Valmont Industries, Inc. (NYSE:VMI - Free Report) by 33.4% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 6,815 shares of the industrial products company's stock after selling 3,416 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd's holdings in Valmont Industries were worth $1,976,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. UMB Bank n.a. boosted its position in shares of Valmont Industries by 3.1% in the third quarter. UMB Bank n.a. now owns 1,303 shares of the industrial products company's stock worth $378,000 after acquiring an additional 39 shares during the last quarter. Vanguard Personalized Indexing Management LLC grew its stake in shares of Valmont Industries by 2.5% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 1,717 shares of the industrial products company's stock valued at $470,000 after buying an additional 42 shares during the period. Creative Planning increased its holdings in shares of Valmont Industries by 0.5% during the 2nd quarter. Creative Planning now owns 8,922 shares of the industrial products company's stock worth $2,449,000 after buying an additional 45 shares during the last quarter. GAMMA Investing LLC raised its position 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 buying an additional 54 shares during the period. Finally, WealthPlan Investment Management LLC boosted its holdings in Valmont Industries by 0.3% in the first quarter. WealthPlan Investment Management LLC now owns 24,091 shares of the industrial products company's stock valued at $5,500,000 after acquiring an additional 63 shares during the last quarter. Institutional investors and hedge funds own 87.84% of the company's stock.

Insider Transactions at Valmont Industries

In other Valmont Industries news, Director Theodor Werner Freye sold 1,600 shares of the firm's stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $300.12, for a total transaction of $480,192.00. Following the completion of the transaction, the director now 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CFO Timothy P. Francis sold 2,300 shares of the business's stock in a transaction on 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 of the company's stock, valued at approximately $2,826,998.79. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Theodor Werner Freye sold 1,600 shares of the business's stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $300.12, for a total value of $480,192.00. Following the completion of the sale, the director now owns 3,685 shares in the company, valued at approximately $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. 2.00% of the stock is currently owned by corporate insiders.

Valmont Industries Stock Performance

VMI stock traded down $5.10 during trading on Friday, reaching $305.28. 154,927 shares of the company's stock were exchanged, compared to its average volume of 156,176. The firm has a market cap of $6.16 billion, a PE ratio of 40.22 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. The company's fifty day moving average price is $285.09 and its 200-day moving average price is $265.99. Valmont Industries, Inc. has a 1-year low of $188.63 and a 1-year high of $312.61.

Valmont Industries (NYSE:VMI - Get Free Report) last announced its quarterly earnings data on Wednesday, July 24th. The industrial products company reported $4.76 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 the consensus estimate of $1.06 billion. Valmont Industries had a return on equity of 23.30% and a net margin of 4.09%. On average, research analysts expect that Valmont Industries, Inc. will post 16.76 EPS for the current fiscal year.

Valmont Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Friday, September 27th were given a dividend of $0.60 per share. The ex-dividend date was Friday, September 27th. This represents a $2.40 annualized dividend and a dividend yield of 0.79%. Valmont Industries's dividend payout ratio is presently 31.62%.

Analyst Upgrades and Downgrades

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

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.