Atria Investments Inc Has $542,000 Stock Position in Valmont Industries, Inc. (NYSE:VMI)

Atria Investments Inc reduced its holdings in Valmont Industries, Inc. (NYSE:VMI) by 23.2% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 1,869 shares of the industrial products company’s stock after selling 565 shares during the quarter. Atria Investments Inc’s holdings in Valmont Industries were worth $542,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its position in shares of Valmont Industries by 3.5% during the second quarter. Dimensional Fund Advisors LP now owns 418,722 shares of the industrial products company’s stock worth $114,919,000 after buying an additional 14,168 shares during the period. Earnest Partners LLC acquired a new stake in shares of Valmont Industries during the second quarter worth $91,878,000. Copeland Capital Management LLC increased its position in shares of Valmont Industries by 0.9% during the third quarter. Copeland Capital Management LLC now owns 307,338 shares of the industrial products company’s stock worth $89,113,000 after buying an additional 2,869 shares during the period. Bank of New York Mellon Corp increased its position in shares of Valmont Industries by 39.3% during the second quarter. Bank of New York Mellon Corp now owns 258,845 shares of the industrial products company’s stock worth $71,040,000 after buying an additional 73,084 shares during the period. Finally, Sei Investments Co. increased its position in shares of Valmont Industries by 794.2% during the second quarter. Sei Investments Co. now owns 198,116 shares of the industrial products company’s stock worth $54,373,000 after buying an additional 175,961 shares during the period. 87.84% of the stock is currently owned by institutional investors and hedge funds.

Valmont Industries Trading Down 0.1 %

NYSE:VMI opened at $339.82 on Wednesday. The company has a current ratio of 2.35, a quick ratio of 1.55 and a debt-to-equity ratio of 0.58. The stock has a market capitalization of $6.81 billion, a price-to-earnings ratio of 23.09 and a beta of 1.02. The firm has a fifty day simple moving average of $306.42 and a two-hundred day simple moving average of $283.73. Valmont Industries, Inc. has a 12 month low of $202.01 and a 12 month high of $352.57.

Valmont Industries (NYSE:VMI) last posted its quarterly earnings results on Tuesday, October 22nd. The industrial products company reported $4.11 EPS for the quarter, topping analysts’ consensus estimates of $4.00 by $0.11. The business had revenue of $1.02 billion during 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 business’s quarterly revenue was down 2.9% on a year-over-year basis. During the same period last year, the company posted $4.12 earnings per share. Analysts expect that Valmont Industries, Inc. will post 16.86 EPS for the current fiscal year.

Valmont Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Friday, December 27th will be paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date is Friday, December 27th. Valmont Industries’s dividend payout ratio (DPR) is 16.30%.

Insider Buying and Selling at Valmont Industries

In other Valmont Industries news, VP R Andrew Massey sold 3,977 shares of the firm’s stock in a transaction on Friday, October 25th. The shares were sold at an average price of $315.00, for a total value of $1,252,755.00. Following the transaction, the vice president now directly owns 9,408 shares of the company’s stock, valued at approximately $2,963,520. This trade represents a 29.71 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Mogens C. Bay sold 17,000 shares of the firm’s stock in a transaction on Friday, October 25th. The shares were sold at an average price of $316.48, for a total transaction of $5,380,160.00. Following the completion of the transaction, the director now directly owns 154,730 shares in the company, valued at $48,968,950.40. This trade represents a 9.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.90% of the company’s stock.

Wall Street Analysts Forecast Growth

VMI has been the subject of several recent analyst reports. DA Davidson increased their price objective on shares of 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 price objective on shares of Valmont Industries from $350.00 to $360.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Finally, StockNews.com upgraded shares of Valmont Industries from a “buy” rating to a “strong-buy” rating in a report on Monday, August 12th.

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.