Impax Asset Management Group plc decreased its position in shares of Valmont Industries, Inc. (NYSE:VMI - Free Report) by 6.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 461,713 shares of the industrial products company's stock after selling 31,235 shares during the period. Impax Asset Management Group plc owned about 2.29% of Valmont Industries worth $133,874,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors also recently modified their holdings of the company. 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 worth $30,000 after acquiring an additional 103 shares during the last quarter. Trillium Asset Management LLC lifted its position in shares of Valmont Industries by 5.0% during the first quarter. Trillium Asset Management LLC now owns 57,547 shares of the industrial products company's stock worth $13,137,000 after purchasing an additional 2,723 shares in the last quarter. Harbor Capital Advisors Inc. grew its stake in shares of Valmont Industries by 292.4% during the second quarter. Harbor Capital Advisors Inc. now owns 3,386 shares of the industrial products company's stock valued at $929,000 after purchasing an additional 2,523 shares during the last quarter. Vaughan Nelson Investment Management L.P. increased its holdings in shares of Valmont Industries by 14.4% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 184,880 shares of the industrial products company's stock valued at $50,740,000 after purchasing an additional 23,275 shares in the last quarter. Finally, Seven Eight Capital LP bought a new position in Valmont Industries in the 1st quarter worth approximately $636,000. Institutional investors own 87.84% of the company's stock.
Insider Activity at Valmont Industries
In other Valmont Industries news, Director Mogens C. Bay sold 17,000 shares of Valmont Industries stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $316.48, for a total transaction of $5,380,160.00. Following the transaction, the director now directly owns 154,730 shares in the company, valued at approximately $48,968,950.40. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, Director Mogens C. Bay sold 17,000 shares of the firm's stock in a transaction on Friday, October 25th. The shares were sold at an average price of $316.48, for a total transaction of $5,380,160.00. Following the sale, the director now directly owns 154,730 shares in the company, valued at $48,968,950.40. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 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 transaction, the vice president now directly owns 9,408 shares of the company's stock, valued at approximately $2,963,520. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.90% of the stock is owned by corporate insiders.
Analyst Upgrades and Downgrades
A number of brokerages have commented on VMI. DA Davidson increased their price objective on Valmont Industries from $340.00 to $380.00 and gave the company a "buy" rating in a research report on Thursday, October 24th. StockNews.com upgraded Valmont Industries from a "buy" rating to a "strong-buy" rating in a report on Monday, August 12th. Finally, Stifel Nicolaus boosted their price objective on Valmont Industries from $350.00 to $360.00 and gave the stock a "buy" rating in a report on Thursday, October 24th.
Read Our Latest Stock Report on Valmont Industries
Valmont Industries Trading Up 2.2 %
VMI traded up $6.92 during trading on Tuesday, reaching $326.38. 74,470 shares of the company's stock were exchanged, compared to its average volume of 155,493. The company's fifty day moving average price is $292.15 and its 200-day moving average price is $274.11. The firm has a market capitalization of $6.54 billion, a PE ratio of 22.17 and a beta of 1.02. Valmont Industries, Inc. has a fifty-two week low of $192.94 and a fifty-two week high of $330.97. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.55 and a current ratio of 2.35.
Valmont Industries (NYSE:VMI - Get Free Report) last announced its quarterly earnings data on Tuesday, October 22nd. The industrial products company reported $4.11 EPS for the quarter, topping analysts' consensus estimates 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 return on equity of 23.10% and a net margin of 7.38%. The firm's quarterly revenue was down 2.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $4.12 earnings per share. As a group, equities analysts forecast that Valmont Industries, Inc. will post 16.84 EPS for the current year.
Valmont Industries Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Friday, December 27th will be issued a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 0.74%. The ex-dividend date of this dividend is Friday, December 27th. Valmont Industries's dividend payout ratio (DPR) is 16.30%.
Valmont Industries Profile
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Free Report)
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.
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