Blair William & Co. IL Sells 12,849 Shares of Valmont Industries, Inc. (NYSE:VMI)

Blair William & Co. IL cut its holdings in Valmont Industries, Inc. (NYSE:VMI) by 24.5% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 39,682 shares of the industrial products company’s stock after selling 12,849 shares during the quarter. Blair William & Co. IL owned about 0.20% of Valmont Industries worth $10,891,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of VMI. Mather Group LLC. boosted its holdings in shares of Valmont Industries by 2,060.0% in the second 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 position in Valmont Industries during the 2nd quarter worth about $52,000. Principal Securities Inc. bought a new position in Valmont Industries during the 4th quarter worth about $57,000. First Horizon Advisors Inc. raised its stake in shares of Valmont Industries by 58.0% in the 2nd 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. Finally, Meeder Asset Management Inc. bought a new stake in shares of Valmont Industries in the first quarter valued at about $66,000. 87.84% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Valmont Industries 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 sale, the director now owns 3,685 shares in the company, valued at $1,105,942.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, CFO Timothy P. Francis sold 2,300 shares of Valmont Industries stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $298.49, for a total transaction of $686,527.00. Following the completion of the sale, the chief financial officer now owns 9,471 shares of the company’s stock, valued at approximately $2,826,998.79. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through 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 transaction of $480,192.00. Following the completion of the transaction, the director now directly owns 3,685 shares in the company, valued at $1,105,942.20. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by corporate insiders.

Valmont Industries Stock Up 1.7 %

NYSE:VMI opened at $284.34 on Friday. Valmont Industries, Inc. has a twelve month low of $188.63 and a twelve month high of $307.67. The firm has a market capitalization of $5.74 billion, a price-to-earnings ratio of 37.46 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. The stock’s 50 day moving average price is $281.23 and its two-hundred day moving average price is $254.59.

Valmont Industries (NYSE:VMI) last issued its earnings results on Wednesday, July 24th. The industrial products company reported $4.76 earnings per share for the quarter, topping analysts’ consensus estimates of $4.04 by $0.72. The business 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%. Equities research analysts expect that Valmont Industries, Inc. will post 16.76 earnings per share for the current fiscal year.

Valmont Industries Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Friday, September 27th will be paid 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 (DPR) is currently 31.62%.

Analysts Set New Price Targets

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