Ceredex Value Advisors LLC Has $12.94 Million Position in Valmont Industries, Inc. (NYSE:VMI)

Ceredex Value Advisors LLC reduced its position in shares of Valmont Industries, Inc. (NYSE:VMI - Free Report) by 32.6% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 44,550 shares of the industrial products company's stock after selling 21,500 shares during the quarter. Ceredex Value Advisors LLC owned about 0.22% of Valmont Industries worth $12,944,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of VMI. GAMMA Investing LLC raised its holdings 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 purchasing an additional 54 shares in the last quarter. Mather Group LLC. increased its holdings 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 buying an additional 103 shares in the last quarter. Exchange Traded Concepts LLC acquired a new stake in shares of Valmont Industries during the 3rd quarter valued at $39,000. Quarry LP boosted its stake in shares of Valmont Industries by 268.0% during the 2nd quarter. Quarry LP now owns 184 shares of the industrial products company's stock worth $50,000 after acquiring an additional 134 shares in the last quarter. Finally, Versant Capital Management Inc acquired a new position in shares of Valmont Industries in the 2nd quarter worth $52,000. 87.84% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In other Valmont Industries news, VP R Andrew Massey sold 3,977 shares of the company'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 directly owns 9,408 shares of the company's stock, valued at $2,963,520. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, Director Mogens C. Bay sold 17,000 shares of Valmont Industries stock in a transaction on Friday, October 25th. The shares were sold at an average price of $316.48, for a total value of $5,380,160.00. Following the completion of the sale, the director now owns 154,730 shares of the company's stock, valued at approximately $48,968,950.40. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP R Andrew Massey sold 3,977 shares of the company's stock in a transaction on Friday, October 25th. The stock was sold at an average price of $315.00, for a total transaction 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 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 owned by corporate insiders.

Valmont Industries Stock Up 1.4 %

Valmont Industries stock traded up $4.45 during mid-day trading on Friday, hitting $316.13. The company's stock had a trading volume of 91,144 shares, compared to its average volume of 132,640. Valmont Industries, Inc. has a 52-week low of $192.94 and a 52-week high of $330.97. The company has a market cap of $6.33 billion, a PE ratio of 21.48 and a beta of 1.01. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.35 and a quick ratio of 1.55. The firm's 50 day moving average is $291.50 and its 200 day moving average is $272.90.

Valmont Industries (NYSE:VMI - Get Free Report) last posted its quarterly earnings results on Tuesday, October 22nd. The industrial products company reported $4.11 EPS for the quarter, topping the consensus estimate of $4.00 by $0.11. The business 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%. The firm's quarterly revenue was down 2.9% compared to the same quarter last year. During the same period last year, the company posted $4.12 earnings per share. On average, analysts anticipate that Valmont Industries, Inc. will post 16.84 earnings per share for the current year.

Valmont Industries Dividend Announcement

The business also recently declared 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. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date of this dividend is Friday, December 27th. Valmont Industries's dividend payout ratio (DPR) is presently 16.30%.

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.