Valmont Industries, Inc. (NYSE:VMI) Holdings Decreased by Hamel Associates Inc.

Hamel Associates Inc. reduced its position in Valmont Industries, Inc. (NYSE:VMI - Free Report) by 83.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,009 shares of the industrial products company's stock after selling 20,669 shares during the quarter. Hamel Associates Inc.'s holdings in Valmont Industries were worth $1,162,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in VMI. SG Americas Securities LLC increased its position in shares of Valmont Industries by 466.3% during the 1st quarter. SG Americas Securities LLC now owns 8,358 shares of the industrial products company's stock valued at $1,908,000 after purchasing an additional 6,882 shares during the last quarter. Meeder Asset Management Inc. bought a new position in Valmont Industries in the 1st quarter worth approximately $66,000. US Bancorp DE boosted its stake in Valmont Industries by 38.8% in the 1st quarter. US Bancorp DE now owns 2,631 shares of the industrial products company's stock worth $601,000 after purchasing an additional 736 shares during the period. Entropy Technologies LP bought a new position in Valmont Industries in the 1st quarter worth approximately $327,000. Finally, SageView Advisory Group LLC bought a new position in Valmont Industries in the 1st quarter worth approximately $8,776,000. 87.84% of the stock is owned by hedge funds and other institutional investors.

Valmont Industries Trading Down 1.0 %

NYSE VMI traded down $3.51 on Wednesday, reaching $341.72. 155,842 shares of the company were exchanged, compared to its average volume of 155,337. Valmont Industries, Inc. has a fifty-two week low of $202.01 and a fifty-two week high of $352.57. The company has a current ratio of 2.35, a quick ratio of 1.55 and a debt-to-equity ratio of 0.58. The stock has a market capitalization of $6.84 billion, a P/E ratio of 23.54 and a beta of 1.02. The business's fifty day moving average price is $299.18 and its 200 day moving average price is $279.60.

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

Valmont Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Friday, December 27th will be given a $0.60 dividend. The ex-dividend date is Friday, December 27th. This represents a $2.40 dividend on an annualized basis and a yield of 0.70%. Valmont Industries's dividend payout ratio is currently 16.30%.

Insider Activity at Valmont Industries

In related news, Director Mogens C. Bay sold 17,000 shares of the business's stock in a transaction on Friday, October 25th. The stock was 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 in the company, valued at approximately $48,968,950.40. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Valmont Industries news, VP R Andrew Massey sold 3,977 shares of the firm'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 owns 9,408 shares of the company's stock, valued at approximately $2,963,520. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 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 transaction of $5,380,160.00. Following the completion of the transaction, the director now owns 154,730 shares of the company's stock, valued at $48,968,950.40. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 2.00% of the company's stock.

Wall Street Analyst Weigh In

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

Valmont Industries Company 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.