Valmont Industries, Inc. (NYSE:VMI) Shares Sold by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky decreased its position in shares of Valmont Industries, Inc. (NYSE:VMI) by 2.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,064 shares of the industrial products company’s stock after selling 180 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Valmont Industries were worth $2,049,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. purchased a new position in Valmont Industries during the third quarter worth about $466,000. Foundry Partners LLC purchased a new stake in shares of Valmont Industries during the 3rd quarter valued at approximately $4,158,000. De Lisle Partners LLP lifted its holdings in Valmont Industries by 44.6% in the third quarter. De Lisle Partners LLP now owns 18,800 shares of the industrial products company’s stock valued at $5,454,000 after acquiring an additional 5,800 shares during the last quarter. Vaughan Nelson Investment Management L.P. grew its position in Valmont Industries by 12.9% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 208,645 shares of the industrial products company’s stock worth $60,497,000 after acquiring an additional 23,765 shares during the period. Finally, Global Alpha Capital Management Ltd. increased its stake in Valmont Industries by 69.9% during the third quarter. Global Alpha Capital Management Ltd. now owns 7,287 shares of the industrial products company’s stock worth $2,113,000 after acquiring an additional 2,997 shares during the last quarter. Hedge funds and other institutional investors own 87.84% of the company’s stock.

Insider Activity at Valmont Industries

In related news, Director Mogens C. Bay sold 17,000 shares of Valmont Industries 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 completion of the transaction, the director now directly owns 154,730 shares in the company, valued at approximately $48,968,950.40. This trade represents a 9.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP R Andrew Massey sold 3,977 shares of the company’s stock in a transaction dated Friday, October 25th. The stock was 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 in the company, valued at approximately $2,963,520. This trade represents a 29.71 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 41,977 shares of company stock worth $13,950,095. Corporate insiders own 2.00% of the company’s stock.

Valmont Industries Stock Up 1.1 %

Shares of NYSE VMI opened at $331.47 on Tuesday. The company has a quick ratio of 1.55, a current ratio of 2.35 and a debt-to-equity ratio of 0.58. The business’s 50 day moving average is $328.46 and its two-hundred day moving average is $295.31. Valmont Industries, Inc. has a 52-week low of $202.01 and a 52-week high of $354.13. The firm has a market cap of $6.64 billion, a price-to-earnings ratio of 22.52 and a beta of 1.03.

Valmont Industries (NYSE:VMI) last posted its quarterly earnings data on Tuesday, October 22nd. The industrial products company reported $4.11 earnings per share (EPS) for the quarter, beating 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 firm 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 EPS. The company’s quarterly revenue was down 2.9% compared to the same quarter last year. Research analysts predict that Valmont Industries, Inc. will post 16.85 EPS for the current year.

Valmont Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Friday, December 27th will be paid a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 0.72%. The ex-dividend date of this dividend is Friday, December 27th. Valmont Industries’s payout ratio is 16.30%.

Wall Street Analyst Weigh In

VMI has been the topic of several recent analyst reports. DA Davidson upped their price target on Valmont Industries from $340.00 to $380.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Stifel Nicolaus upped their target price on shares of Valmont Industries from $360.00 to $382.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th.

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.