River Road Asset Management LLC Sells 12,689 Shares of Valmont Industries, Inc. (NYSE:VMI)

River Road Asset Management LLC decreased its holdings in shares of Valmont Industries, Inc. (NYSE:VMI) by 53.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,087 shares of the industrial products company’s stock after selling 12,689 shares during the period. River Road Asset Management LLC owned about 0.05% of Valmont Industries worth $3,215,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. GAMMA Investing LLC raised its stake in shares of Valmont Industries by 117.4% in the third quarter. GAMMA Investing LLC now owns 100 shares of the industrial products company’s stock valued at $29,000 after acquiring an additional 54 shares during the last quarter. Mather Group LLC. raised its stake 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 acquiring an additional 103 shares during the last quarter. Exchange Traded Concepts LLC bought a new position in shares of Valmont Industries in the third quarter valued at approximately $39,000. Quarry LP raised its stake in shares of Valmont Industries by 268.0% in the second quarter. Quarry LP now owns 184 shares of the industrial products company’s stock valued at $50,000 after acquiring an additional 134 shares during the last quarter. Finally, Versant Capital Management Inc bought a new position in shares of Valmont Industries in the second quarter valued at approximately $52,000. Institutional investors own 87.84% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on VMI shares. DA Davidson lifted their target price on shares of Valmont Industries from $340.00 to $380.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Stifel Nicolaus boosted 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 research report on Monday, August 12th.

Valmont Industries Stock Performance

VMI stock opened at $326.38 on Wednesday. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.35 and a quick ratio of 1.55. The company has a 50 day moving average price of $292.15 and a 200 day moving average price of $274.11. Valmont Industries, Inc. has a fifty-two week low of $192.94 and a fifty-two week high of $330.97. The stock has a market capitalization of $6.54 billion, a PE ratio of 22.17 and a beta of 1.02.

Valmont Industries (NYSE:VMI) last posted its quarterly earnings data on Tuesday, October 22nd. The industrial products company reported $4.11 earnings per share for the quarter, topping the consensus estimate of $4.00 by $0.11. Valmont Industries had a net margin of 7.38% and a return on equity of 23.10%. The firm had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $1.02 billion. During the same quarter in the previous year, the company posted $4.12 EPS. Valmont Industries’s revenue was down 2.9% on a year-over-year basis. Analysts forecast that Valmont Industries, Inc. will post 16.84 EPS for the current year.

Valmont Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Friday, December 27th will be issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date is Friday, December 27th. Valmont Industries’s dividend payout ratio is presently 16.30%.

Insiders Place Their Bets

In other Valmont Industries news, Director Mogens C. Bay sold 17,000 shares of Valmont Industries 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 sale, the director now owns 154,730 shares of the company’s stock, valued at approximately $48,968,950.40. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Mogens C. Bay sold 17,000 shares of the business’s stock in a transaction on Friday, October 25th. The shares were sold at an average price of $316.48, for a total value of $5,380,160.00. Following the completion of the transaction, the director now owns 154,730 shares of the company’s stock, valued at $48,968,950.40. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP R Andrew Massey sold 3,977 shares of the business’s stock in a transaction on Friday, October 25th. The shares were sold at an average price of $315.00, for a total transaction of $1,252,755.00. Following the completion of the transaction, the vice president now directly owns 9,408 shares of the company’s stock, valued at $2,963,520. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.90% of the company’s stock.

Valmont Industries Company 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.