UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 5,373 Shares of Valmont Industries, Inc. (NYSE:VMI)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its holdings in shares of Valmont Industries, Inc. (NYSE:VMI - Free Report) by 8.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 60,356 shares of the industrial products company's stock after selling 5,373 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.30% of Valmont Industries worth $17,500,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of VMI. Cetera Investment Advisers bought a new position in shares of Valmont Industries in the first quarter valued at $1,796,000. Mather Group LLC. increased its stake in shares of 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 purchasing an additional 103 shares during the last quarter. NorthCrest Asset Manangement LLC bought a new stake in shares of Valmont Industries in the 2nd quarter valued at about $342,000. ORG Partners LLC acquired a new stake in Valmont Industries in the 2nd quarter valued at about $1,812,000. Finally, Welch Group LLC acquired a new stake in Valmont Industries in the 2nd quarter valued at about $302,000. 87.84% of the stock is currently owned by institutional investors and hedge funds.

Valmont Industries Stock Performance

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

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

Valmont Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors 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 is Friday, December 27th. Valmont Industries's dividend payout ratio is 16.30%.

Insiders Place Their Bets

In other Valmont Industries news, Director Daas Kaj Den sold 1,000 shares of Valmont Industries stock in a transaction on Monday, November 18th. The stock was sold at an average price of $338.78, for a total value of $338,780.00. Following the completion of the transaction, the director now directly owns 8,644 shares of the company's stock, valued at $2,928,414.32. The trade was a 10.37 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mogens C. Bay sold 17,000 shares of the company's 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 sale, the director now owns 154,730 shares of the company's stock, valued at approximately $48,968,950.40. The trade was a 9.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 41,977 shares of company stock worth $13,950,095 in the last quarter. 2.00% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

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

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.