Valmont Industries, Inc. (NYSE:VMI) Shares Sold by Inspire Investing LLC

Inspire Investing LLC lowered its position in shares of Valmont Industries, Inc. (NYSE:VMI) by 17.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,322 shares of the industrial products company’s stock after selling 286 shares during the period. Inspire Investing LLC’s holdings in Valmont Industries were worth $363,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Mather Group LLC. grew its stake in Valmont Industries by 2,060.0% during 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 last quarter. Versant Capital Management Inc purchased a new position in shares of Valmont Industries during the second quarter worth approximately $52,000. Principal Securities Inc. acquired a new position in shares of Valmont Industries in the 4th quarter valued at $57,000. Meeder Asset Management Inc. purchased a new stake in Valmont Industries in the 1st quarter valued at $66,000. Finally, First Horizon Advisors Inc. boosted its stake in Valmont Industries by 58.0% during the 2nd quarter. First Horizon Advisors Inc. now owns 248 shares of the industrial products company’s stock worth $68,000 after purchasing an additional 91 shares during the period. 87.84% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Valmont Industries

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

Analyst Upgrades and Downgrades

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

Valmont Industries Stock Down 0.8 %

Shares of NYSE:VMI opened at $282.08 on Friday. Valmont Industries, Inc. has a fifty-two week low of $188.63 and a fifty-two week high of $307.67. 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 firm’s 50-day simple moving average is $281.62 and its 200-day simple moving average is $255.64. The company has a market cap of $5.70 billion, a price-to-earnings ratio of 37.16 and a beta of 1.03.

Valmont Industries (NYSE:VMI) last announced its quarterly earnings data 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 analyst estimates of $1.06 billion. Valmont Industries had a return on equity of 23.30% and a net margin of 4.09%. As a group, equities research analysts predict that Valmont Industries, Inc. will post 16.76 earnings per share for the current year.

Valmont Industries Dividend Announcement

The firm also recently disclosed 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. This represents a $2.40 annualized dividend and a yield of 0.85%. The ex-dividend date is Friday, September 27th. Valmont Industries’s payout ratio is 31.62%.

About Valmont Industries

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.