Valmont Industries, Inc. (NYSE:VMI) Shares Sold by Zacks Investment Management

Zacks Investment Management reduced its stake in shares of Valmont Industries, Inc. (NYSE:VMI - Free Report) by 62.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,959 shares of the industrial products company's stock after selling 28,419 shares during the quarter. Zacks Investment Management owned approximately 0.08% of Valmont Industries worth $4,917,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. State Street Corp lifted its holdings in shares of Valmont Industries by 1.1% in the 3rd quarter. State Street Corp now owns 640,876 shares of the industrial products company's stock worth $186,204,000 after buying an additional 6,913 shares during the period. Dimensional Fund Advisors LP lifted its stake in Valmont Industries by 3.5% in the second quarter. Dimensional Fund Advisors LP now owns 418,722 shares of the industrial products company's stock worth $114,919,000 after acquiring an additional 14,168 shares during the period. FMR LLC raised its holdings in shares of Valmont Industries by 4.0% in the 3rd quarter. FMR LLC now owns 349,426 shares of the industrial products company's stock valued at $101,316,000 after purchasing an additional 13,509 shares in the last quarter. Earnest Partners LLC purchased a new stake in shares of Valmont Industries in the 2nd quarter worth approximately $91,878,000. Finally, Copeland Capital Management LLC lifted its position in shares of Valmont Industries by 0.9% in the 3rd quarter. Copeland Capital Management LLC now owns 307,338 shares of the industrial products company's stock worth $89,113,000 after purchasing an additional 2,869 shares during the period. 87.84% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

In other news, Director Mogens C. Bay sold 20,000 shares of Valmont Industries stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $348.92, for a total transaction of $6,978,400.00. Following the completion of the sale, the director now directly owns 131,730 shares of the company's stock, valued at approximately $45,963,231.60. The trade was a 13.18 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Daas Kaj Den sold 1,000 shares of the business's stock in a transaction that occurred 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 sale, the director now owns 8,644 shares of the company's stock, valued at approximately $2,928,414.32. The trade was a 10.37 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 41,977 shares of company stock worth $13,950,095 over the last ninety days. Corporate insiders own 2.00% of the company's stock.

Valmont Industries Price Performance

VMI traded down $1.15 during trading on Monday, hitting $337.30. The company's stock had a trading volume of 125,985 shares, compared to its average volume of 152,340. 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 business's fifty day simple moving average is $323.45 and its 200 day simple moving average is $291.96. The firm has a market capitalization of $6.76 billion, a price-to-earnings ratio of 22.91 and a beta of 1.03. Valmont Industries, Inc. has a twelve month low of $202.01 and a twelve month high of $354.13.

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

Valmont Industries Dividend Announcement

The firm 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 dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date of this dividend is Friday, December 27th. Valmont Industries's dividend payout ratio 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.