MML Investors Services LLC Reduces Position in Valmont Industries, Inc. (NYSE:VMI)

MML Investors Services LLC reduced its position in Valmont Industries, Inc. (NYSE:VMI) by 42.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 931 shares of the industrial products company’s stock after selling 698 shares during the quarter. MML Investors Services LLC’s holdings in Valmont Industries were worth $270,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Orion Portfolio Solutions LLC boosted its position in Valmont Industries by 0.4% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 47,473 shares of the industrial products company’s stock valued at $13,765,000 after buying an additional 190 shares during the period. XTX Topco Ltd purchased a new stake in shares of Valmont Industries in the third quarter valued at approximately $853,000. National Bank of Canada FI grew its stake in Valmont Industries by 52,400.0% in the third quarter. National Bank of Canada FI now owns 4,200 shares of the industrial products company’s stock worth $1,218,000 after purchasing an additional 4,192 shares in the last quarter. Castleark Management LLC increased its holdings in Valmont Industries by 51.3% during the 3rd quarter. Castleark Management LLC now owns 20,890 shares of the industrial products company’s stock worth $6,057,000 after purchasing an additional 7,080 shares during the period. Finally, Wellington Management Group LLP raised its position in Valmont Industries by 16.3% during the 3rd quarter. Wellington Management Group LLP now owns 247,714 shares of the industrial products company’s stock valued at $71,825,000 after purchasing an additional 34,772 shares in the last quarter. Hedge funds and other institutional investors own 87.84% of the company’s stock.

Insider Buying and Selling at Valmont Industries

In related news, Director Daas Kaj Den sold 1,000 shares of Valmont Industries stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $338.78, for a total value of $338,780.00. Following the completion of the sale, the director now directly owns 8,644 shares in the company, valued at $2,928,414.32. This trade represents a 10.37 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP R Andrew Massey sold 3,977 shares of the business’s stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $315.00, for a total transaction of $1,252,755.00. Following the sale, the vice president now directly owns 9,408 shares in the company, valued at approximately $2,963,520. This represents a 29.71 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 41,977 shares of company stock worth $13,950,095 over the last three months. Corporate insiders own 1.90% of the company’s stock.

Valmont Industries Stock Up 0.9 %

Shares of NYSE VMI opened at $311.39 on Thursday. Valmont Industries, Inc. has a 12-month low of $202.01 and a 12-month high of $354.13. The stock’s fifty day simple moving average is $330.21 and its two-hundred day simple moving average is $297.97. The stock has a market capitalization of $6.24 billion, a PE ratio of 21.15 and a beta of 1.03. The company has a current ratio of 2.35, a quick ratio of 1.55 and a debt-to-equity ratio of 0.58.

Valmont Industries (NYSE:VMI) last issued its quarterly earnings data on Tuesday, October 22nd. The industrial products company reported $4.11 earnings per share for the quarter, beating analysts’ consensus estimates of $4.00 by $0.11. The company had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.02 billion. Valmont Industries had a return on equity of 23.10% and a net margin of 7.38%. The firm’s revenue for the quarter was down 2.9% compared to the same quarter last year. During the same quarter last year, the company earned $4.12 earnings per share. As a group, analysts expect that Valmont Industries, Inc. will post 16.85 EPS for the current fiscal year.

Valmont Industries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Friday, December 27th will be given a dividend of $0.60 per share. The ex-dividend date of this dividend is Friday, December 27th. This represents a $2.40 dividend on an annualized basis and a yield of 0.77%. Valmont Industries’s payout ratio is 16.30%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on VMI shares. DA Davidson increased their price target on Valmont Industries from $340.00 to $380.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Stifel Nicolaus increased their target price on shares of Valmont Industries from $360.00 to $382.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th.

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.