Quadrature Capital Ltd Sells 8,196 Shares of Valmont Industries, Inc. (NYSE:VMI)

Quadrature Capital Ltd cut its position in Valmont Industries, Inc. (NYSE:VMI - Free Report) by 63.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,684 shares of the industrial products company's stock after selling 8,196 shares during the quarter. Quadrature Capital Ltd's holdings in Valmont Industries were worth $1,358,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in VMI. Quantinno Capital Management LP raised its position in shares of Valmont Industries by 30.3% during the third quarter. Quantinno Capital Management LP now owns 10,773 shares of the industrial products company's stock worth $3,124,000 after acquiring an additional 2,503 shares during the last quarter. Petrus Trust Company LTA acquired a new position in shares of Valmont Industries during the third quarter valued at about $842,000. Point72 DIFC Ltd bought a new position in Valmont Industries in the third quarter worth approximately $787,000. Point72 Asset Management L.P. bought a new position in shares of Valmont Industries in the 3rd quarter worth $58,000. Finally, Paloma Partners Management Co bought a new position in shares of Valmont Industries in the third quarter valued at $313,000. Institutional investors own 87.84% of the company's stock.

Insiders Place Their Bets

In other news, Director Mogens C. Bay sold 20,000 shares of Valmont Industries stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $348.92, for a total value of $6,978,400.00. Following the transaction, the director now owns 131,730 shares in the company, valued at approximately $45,963,231.60. The trade was a 13.18 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP R Andrew Massey sold 3,977 shares of the stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $315.00, for a total value of $1,252,755.00. Following the sale, the vice president now owns 9,408 shares of the company's stock, valued at $2,963,520. This represents a 29.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 41,977 shares of company stock valued at $13,950,095. 2.00% of the stock is currently owned by corporate insiders.

Valmont Industries Price Performance

Shares of Valmont Industries stock traded down $6.97 during trading on Friday, hitting $338.45. The stock had a trading volume of 81,386 shares, compared to its average volume of 115,217. The business's 50-day moving average is $323.45 and its 200 day moving average is $291.49. Valmont Industries, Inc. has a 12 month low of $202.01 and a 12 month high of $354.13. The firm has a market cap of $6.78 billion, a price-to-earnings ratio of 22.99 and a beta of 1.03. The company has a current ratio of 2.35, a quick ratio of 1.55 and a debt-to-equity ratio of 0.58.

Valmont Industries (NYSE:VMI - Get Free Report) last posted its quarterly earnings data on Tuesday, October 22nd. The industrial products company reported $4.11 earnings per share for the quarter, beating the consensus estimate of $4.00 by $0.11. Valmont Industries had a net margin of 7.38% and a return on equity of 23.10%. The firm had revenue of $1.02 billion for the quarter, compared to analysts' expectations of $1.02 billion. During the same quarter last year, the company posted $4.12 EPS. The business's quarterly revenue was down 2.9% on a year-over-year basis. As a group, sell-side analysts anticipate that Valmont Industries, Inc. will post 16.86 earnings per share for the current year.

Valmont Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Friday, December 27th will be given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date of this dividend is Friday, December 27th. Valmont Industries's payout ratio is currently 16.30%.

Analysts Set New Price Targets

VMI has been the topic of several analyst reports. Stifel Nicolaus lifted their target price on Valmont Industries from $350.00 to $360.00 and gave the company a "buy" rating in a research report on Thursday, October 24th. DA Davidson increased their price target on Valmont Industries from $340.00 to $380.00 and gave the stock a "buy" rating in a research note on Thursday, October 24th. Finally, StockNews.com upgraded shares of Valmont Industries from a "buy" rating to a "strong-buy" rating in a research note on Monday, August 12th.

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.