Mutual of America Capital Management LLC Sells 885 Shares of Valmont Industries, Inc. (NYSE:VMI)

Mutual of America Capital Management LLC decreased its position in shares of Valmont Industries, Inc. (NYSE:VMI) by 7.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,562 shares of the industrial products company’s stock after selling 885 shares during the period. Mutual of America Capital Management LLC owned approximately 0.06% of Valmont Industries worth $3,173,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. WealthPlan Investment Management LLC increased its position in Valmont Industries by 0.3% during the first quarter. WealthPlan Investment Management LLC now owns 24,091 shares of the industrial products company’s stock worth $5,500,000 after acquiring an additional 63 shares during the period. CANADA LIFE ASSURANCE Co increased its holdings in shares of Valmont Industries by 0.5% during the first quarter. CANADA LIFE ASSURANCE Co now owns 14,190 shares of the industrial products company’s stock worth $3,240,000 after purchasing an additional 67 shares during the period. Commonwealth Equity Services LLC raised its position in shares of Valmont Industries by 1.4% in the second quarter. Commonwealth Equity Services LLC now owns 5,087 shares of the industrial products company’s stock valued at $1,396,000 after buying an additional 70 shares in the last quarter. Nicollet Investment Management Inc. boosted its stake in shares of Valmont Industries by 1.4% in the first quarter. Nicollet Investment Management Inc. now owns 5,054 shares of the industrial products company’s stock valued at $1,154,000 after buying an additional 71 shares during the period. Finally, Treasurer of the State of North Carolina grew its position in Valmont Industries by 1.0% during the fourth quarter. Treasurer of the State of North Carolina now owns 9,200 shares of the industrial products company’s stock worth $2,148,000 after buying an additional 90 shares in the last quarter. Institutional investors and hedge funds own 87.84% of the company’s stock.

Insider Activity

In other news, Director Theodor Werner Freye sold 1,600 shares of the company’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $300.12, for a total value of $480,192.00. Following the completion of the transaction, the director now owns 3,685 shares of the company’s stock, valued at $1,105,942.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Valmont Industries news, CFO Timothy P. Francis sold 2,300 shares of the company’s stock in a transaction dated Tuesday, July 30th. The stock was sold at an average price of $298.49, for a total value of $686,527.00. Following the sale, the chief financial officer now owns 9,471 shares in the company, valued at approximately $2,826,998.79. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Theodor Werner Freye sold 1,600 shares of the stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $300.12, for a total value of $480,192.00. Following the completion of the sale, 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. Insiders own 2.00% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Valmont Industries Price Performance

Shares of VMI stock opened at $286.27 on Tuesday. The business has a fifty day simple moving average of $281.84 and a 200 day simple moving average of $256.50. The company has a market cap of $5.78 billion, a P/E ratio of 37.72 and a beta of 1.03. The company has a quick ratio of 1.63, a current ratio of 2.53 and a debt-to-equity ratio of 0.69. Valmont Industries, Inc. has a twelve month low of $188.63 and a twelve month high of $307.67.

Valmont Industries (NYSE:VMI) last posted its quarterly earnings results on Wednesday, July 24th. The industrial products company reported $4.76 earnings per share for the quarter, beating analysts’ consensus estimates of $4.04 by $0.72. The company had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.06 billion. Valmont Industries had a net margin of 4.09% and a return on equity of 23.30%. On average, sell-side analysts forecast that Valmont Industries, Inc. will post 16.76 EPS for the current fiscal year.

Valmont Industries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Friday, September 27th will be given a $0.60 dividend. The ex-dividend date of this dividend is Friday, September 27th. This represents a $2.40 annualized dividend and a yield of 0.84%. Valmont Industries’s dividend payout ratio is presently 31.62%.

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.