BNP Paribas Financial Markets Sells 2,296 Shares of Valmont Industries, Inc. (NYSE:VMI)

BNP Paribas Financial Markets lowered its position in shares of Valmont Industries, Inc. (NYSE:VMI) by 25.7% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,624 shares of the industrial products company’s stock after selling 2,296 shares during the period. BNP Paribas Financial Markets’ holdings in Valmont Industries were worth $1,921,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in VMI. GAMMA Investing LLC boosted its holdings in shares of Valmont Industries by 117.4% during the third quarter. GAMMA Investing LLC now owns 100 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 54 shares during the period. Mather Group LLC. lifted its holdings 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 worth $30,000 after buying an additional 103 shares during the period. Exchange Traded Concepts LLC purchased a new stake in Valmont Industries in the 3rd quarter worth approximately $39,000. Quarry LP grew its position in shares of Valmont Industries by 268.0% in the 2nd quarter. Quarry LP now owns 184 shares of the industrial products company’s stock worth $50,000 after buying an additional 134 shares during the last quarter. Finally, Signaturefd LLC increased its stake in shares of Valmont Industries by 35.4% during the third quarter. Signaturefd LLC now owns 214 shares of the industrial products company’s stock valued at $62,000 after buying an additional 56 shares during the period. Institutional investors own 87.84% of the company’s stock.

Valmont Industries Trading Down 2.0 %

NYSE VMI opened at $338.45 on Friday. The firm has a market capitalization of $6.78 billion, a PE ratio of 22.99 and a beta of 1.03. The stock’s 50 day moving average is $323.45 and its 200 day moving average is $291.73. Valmont Industries, Inc. has a twelve month low of $202.01 and a twelve month high of $354.13. The company has a quick ratio of 1.55, a current ratio of 2.35 and a debt-to-equity ratio of 0.58.

Valmont Industries (NYSE:VMI) last announced its earnings results on Tuesday, October 22nd. The industrial products company reported $4.11 EPS for the quarter, beating analysts’ consensus estimates of $4.00 by $0.11. The firm had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $1.02 billion. Valmont Industries had a net margin of 7.38% and a return on equity of 23.10%. The company’s quarterly revenue was down 2.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $4.12 EPS. Research analysts forecast that Valmont Industries, Inc. will post 16.86 earnings per share for the current fiscal year.

Valmont Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Friday, December 27th will be issued a dividend of $0.60 per share. The ex-dividend date is Friday, December 27th. This represents a $2.40 annualized dividend and a dividend yield of 0.71%. Valmont Industries’s payout ratio is 16.30%.

Insider Transactions at Valmont Industries

In other news, Director Mogens C. Bay sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $348.92, for a total value of $6,978,400.00. Following the transaction, the director now owns 131,730 shares in the company, valued at approximately $45,963,231.60. This represents a 13.18 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Daas Kaj Den sold 1,000 shares of the stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $338.78, for a total transaction of $338,780.00. Following the sale, the director now owns 8,644 shares in the company, valued at approximately $2,928,414.32. The trade was a 10.37 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 41,977 shares of company stock valued at $13,950,095 in the last ninety days. 2.00% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages recently commented on VMI. Stifel Nicolaus raised their price target on Valmont Industries from $350.00 to $360.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. DA Davidson lifted their target price on shares of Valmont Industries from $340.00 to $380.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. 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.

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.