Jane Street Group LLC Has $2.45 Million Stock Position in Valmont Industries, Inc. (NYSE:VMI)

Jane Street Group LLC lessened its holdings in Valmont Industries, Inc. (NYSE:VMI) by 81.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,460 shares of the industrial products company’s stock after selling 37,898 shares during the period. Jane Street Group LLC’s holdings in Valmont Industries were worth $2,453,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in VMI. GAMMA Investing LLC increased its holdings in Valmont Industries by 117.4% during the 3rd quarter. GAMMA Investing LLC now owns 100 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 54 shares in the last quarter. Exchange Traded Concepts LLC bought a new stake in Valmont Industries during the third quarter worth $39,000. Quarry LP grew its holdings in Valmont Industries by 268.0% during the second quarter. Quarry LP now owns 184 shares of the industrial products company’s stock worth $50,000 after buying an additional 134 shares in the last quarter. Point72 Asset Management L.P. purchased a new stake in Valmont Industries in the 3rd quarter valued at $58,000. Finally, Signaturefd LLC lifted its stake in Valmont Industries by 35.4% during the 3rd quarter. Signaturefd LLC now owns 214 shares of the industrial products company’s stock valued at $62,000 after acquiring an additional 56 shares in the last quarter. Institutional investors own 87.84% of the company’s stock.

Insider Buying and Selling

In related news, VP R Andrew Massey sold 3,977 shares of Valmont Industries stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $315.00, for a total value of $1,252,755.00. Following the completion of the sale, the vice president now owns 9,408 shares of the company’s stock, valued at approximately $2,963,520. This trade represents a 29.71 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Mogens C. Bay sold 20,000 shares of the company’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $348.92, for a total transaction of $6,978,400.00. Following the sale, the director now directly owns 131,730 shares in the company, valued at approximately $45,963,231.60. This trade represents a 13.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 41,977 shares of company stock valued at $13,950,095. 2.00% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

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

Valmont Industries Stock Up 0.7 %

VMI stock opened at $308.21 on Monday. The stock has a market cap of $6.17 billion, a P/E ratio of 20.94 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. The stock’s fifty day simple moving average is $329.95 and its two-hundred day simple moving average is $296.78. Valmont Industries, Inc. has a 1-year low of $202.01 and a 1-year high of $354.13.

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

Valmont Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Friday, December 27th will be paid 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 0.78%. Valmont Industries’s payout ratio is currently 16.30%.

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.