Amalgamated Bank Sells 664 Shares of Valmont Industries, Inc. (NYSE:VMI)

Amalgamated Bank reduced its stake in shares of Valmont Industries, Inc. (NYSE:VMI) by 5.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,534 shares of the industrial products company’s stock after selling 664 shares during the quarter. Amalgamated Bank owned approximately 0.06% of Valmont Industries worth $3,440,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Mather Group LLC. boosted its position in Valmont Industries by 2,060.0% in the 2nd quarter. Mather Group LLC. now owns 108 shares of the industrial products company’s stock valued at $30,000 after buying an additional 103 shares during the period. Versant Capital Management Inc bought a new stake in shares of Valmont Industries during the second quarter valued at approximately $52,000. First Horizon Advisors Inc. boosted its holdings in shares of Valmont Industries by 58.0% in the second quarter. First Horizon Advisors Inc. now owns 248 shares of the industrial products company’s stock valued at $68,000 after purchasing an additional 91 shares during the period. Meeder Asset Management Inc. bought a new position in Valmont Industries in the first quarter worth approximately $66,000. Finally, Quest Partners LLC purchased a new position in Valmont Industries during the 4th quarter worth $105,000. 87.84% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. DA Davidson increased their price target on Valmont Industries from $300.00 to $340.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Stifel Nicolaus raised their target price on shares of Valmont Industries from $285.00 to $325.00 and gave the company a “buy” rating in a research report on Thursday, July 18th. Finally, StockNews.com raised shares of Valmont Industries from a “buy” rating to a “strong-buy” rating in a research report on Monday, August 12th. One research analyst has rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $332.50.

Valmont Industries Trading Down 0.8 %

Shares of NYSE VMI opened at $282.08 on Monday. Valmont Industries, Inc. has a 1-year low of $188.63 and a 1-year high of $307.67. The business has a fifty day moving average price of $281.62 and a 200 day moving average price of $255.98. The stock has a market capitalization of $5.70 billion, a P/E ratio of 37.16 and a beta of 1.03. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.53 and a quick ratio of 1.63.

Valmont Industries (NYSE:VMI) last released its quarterly earnings results on Wednesday, July 24th. The industrial products company reported $4.76 EPS for the quarter, beating the consensus estimate of $4.04 by $0.72. Valmont Industries had a net margin of 4.09% and a return on equity of 23.30%. The business had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.06 billion. Equities research analysts expect that Valmont Industries, Inc. will post 16.76 EPS for the current fiscal year.

Valmont Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Friday, September 27th will be given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.85%. The ex-dividend date of this dividend is Friday, September 27th. Valmont Industries’s payout ratio is presently 31.62%.

Insider Activity

In related news, Director Theodor Werner Freye sold 1,600 shares of the company’s stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $300.12, for a total transaction of $480,192.00. Following the transaction, the director now directly owns 3,685 shares of the company’s stock, valued at approximately $1,105,942.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Valmont Industries news, CFO Timothy P. Francis sold 2,300 shares of the business’s stock in a transaction that occurred on Tuesday, July 30th. The shares were sold at an average price of $298.49, for a total transaction of $686,527.00. Following the sale, the chief financial officer now owns 9,471 shares of the company’s stock, valued at approximately $2,826,998.79. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Theodor Werner Freye sold 1,600 shares of the firm’s stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $300.12, for a total transaction of $480,192.00. Following the completion of the transaction, the director now directly owns 3,685 shares of the company’s stock, valued at approximately $1,105,942.20. The disclosure for this sale can be found here. 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.