Vontobel Holding Ltd. Cuts Stock Position in Valmont Industries, Inc. (NYSE:VMI)

Vontobel Holding Ltd. decreased its position in Valmont Industries, Inc. (NYSE:VMI) by 15.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,842 shares of the industrial products company’s stock after selling 1,235 shares during the quarter. Vontobel Holding Ltd.’s holdings in Valmont Industries were worth $1,984,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of the company. GAMMA Investing LLC lifted its holdings in shares of Valmont Industries by 117.4% in the 3rd quarter. GAMMA Investing LLC now owns 100 shares of the industrial products company’s stock worth $29,000 after acquiring an additional 54 shares during the last quarter. Mather Group LLC. lifted its stake in Valmont Industries by 2,060.0% in the second quarter. Mather Group LLC. now owns 108 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 103 shares during the last quarter. Exchange Traded Concepts LLC purchased a new stake in Valmont Industries during the third quarter valued at about $39,000. Quarry LP grew its stake in shares of Valmont Industries by 268.0% during the second quarter. Quarry LP now owns 184 shares of the industrial products company’s stock valued at $50,000 after buying an additional 134 shares during the last quarter. Finally, Versant Capital Management Inc purchased a new position in shares of Valmont Industries in the second quarter worth about $52,000. Hedge funds and other institutional investors own 87.84% of the company’s stock.

Insider Transactions at Valmont Industries

In related news, CFO Timothy P. Francis sold 2,300 shares of Valmont Industries stock in a transaction that occurred on Tuesday, July 30th. The stock was sold at an average price of $298.49, for a total transaction of $686,527.00. Following the sale, the chief financial officer now directly owns 9,471 shares in the company, valued at $2,826,998.79. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, CFO Timothy P. Francis sold 2,300 shares of the business’s stock in a transaction 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 in the company, valued at approximately $2,826,998.79. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Theodor Werner Freye sold 1,600 shares of the 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 completion of the transaction, the director now owns 3,685 shares of the company’s stock, valued at approximately $1,105,942.20. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 2.00% of the company’s stock.

Valmont Industries Price Performance

Shares of VMI stock opened at $305.22 on Friday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.63 and a current ratio of 2.53. The firm has a market cap of $6.16 billion, a P/E ratio of 40.21 and a beta of 1.02. The business’s 50 day moving average price is $285.09 and its 200-day moving average price is $266.32. Valmont Industries, Inc. has a fifty-two week low of $188.63 and a fifty-two week high of $312.61.

Valmont Industries (NYSE:VMI) last issued its quarterly earnings data on Wednesday, July 24th. The industrial products company reported $4.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $1.06 billion. On average, equities research analysts anticipate that Valmont Industries, Inc. will post 16.76 earnings per share for the current year.

Valmont Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Friday, September 27th were issued a dividend of $0.60 per share. The ex-dividend date of this dividend was Friday, September 27th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.79%. Valmont Industries’s dividend payout ratio (DPR) is 31.62%.

Analyst Upgrades and Downgrades

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

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.