Hamel Associates Inc. Sells 919 Shares of Valmont Industries, Inc. (NYSE:VMI)

Hamel Associates Inc. decreased its holdings in shares of Valmont Industries, Inc. (NYSE:VMI) by 22.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,090 shares of the industrial products company’s stock after selling 919 shares during the period. Hamel Associates Inc.’s holdings in Valmont Industries were worth $948,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Foundry Partners LLC bought a new stake in shares of Valmont Industries during the 3rd quarter valued at about $4,158,000. Covea Finance boosted its position in shares of Valmont Industries by 29.9% during the 4th quarter. Covea Finance now owns 15,200 shares of the industrial products company’s stock valued at $4,661,000 after purchasing an additional 3,500 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Valmont Industries during the 3rd quarter valued at about $466,000. De Lisle Partners LLP boosted its position in shares of Valmont Industries by 44.6% during the 3rd quarter. De Lisle Partners LLP now owns 18,800 shares of the industrial products company’s stock valued at $5,454,000 after purchasing an additional 5,800 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. boosted its position in shares of Valmont Industries by 12.9% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 208,645 shares of the industrial products company’s stock valued at $60,497,000 after purchasing an additional 23,765 shares in the last quarter. Institutional investors own 87.84% of the company’s stock.

Valmont Industries Stock Up 1.4 %

VMI stock opened at $347.48 on Friday. The stock’s 50 day simple moving average is $327.03 and its 200 day simple moving average is $314.52. Valmont Industries, Inc. has a fifty-two week low of $202.01 and a fifty-two week high of $379.22. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.55 and a current ratio of 2.07. The company has a market cap of $6.97 billion, a P/E ratio of 20.23 and a beta of 1.05.

Valmont Industries (NYSE:VMI) last issued its quarterly earnings data on Tuesday, February 18th. The industrial products company reported $3.84 EPS for the quarter, topping the consensus estimate of $3.63 by $0.21. The firm had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.01 billion. Valmont Industries had a return on equity of 23.15% and a net margin of 8.55%. During the same period in the prior year, the business posted $3.18 earnings per share. On average, research analysts expect that Valmont Industries, Inc. will post 18.07 earnings per share for the current fiscal year.

Valmont Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Friday, March 28th will be paid a $0.68 dividend. The ex-dividend date of this dividend is Friday, March 28th. This is an increase from Valmont Industries’s previous quarterly dividend of $0.60. This represents a $2.72 annualized dividend and a dividend yield of 0.78%. Valmont Industries’s dividend payout ratio is 15.83%.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Stifel Nicolaus upped their price target on Valmont Industries from $387.00 to $425.00 and gave the stock a “buy” rating in a research note on Wednesday, February 19th. DA Davidson downgraded Valmont Industries from a “buy” rating to a “neutral” rating and set a $380.00 price target on the stock. in a research note on Wednesday, February 19th. Finally, StockNews.com downgraded Valmont Industries from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, February 19th.

Insider Transactions at Valmont Industries

In other news, Director Mogens C. Bay sold 20,000 shares of the stock in a transaction that occurred on 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 completion of the sale, the director now directly owns 131,730 shares of the company’s stock, valued at $45,963,231.60. This represents a 13.18 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 2.00% of the company’s stock.

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.