ORG Partners LLC Trims Stock Position in Valmont Industries, Inc. (NYSE:VMI)

ORG Partners LLC decreased its position in shares of Valmont Industries, Inc. (NYSE:VMI) by 1.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 6,198 shares of the industrial products company’s stock after selling 62 shares during the quarter. ORG Partners LLC’s holdings in Valmont Industries were worth $1,901,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Commonwealth Equity Services LLC boosted its stake in Valmont Industries by 1.4% during the 2nd quarter. Commonwealth Equity Services LLC now owns 5,087 shares of the industrial products company’s stock worth $1,396,000 after purchasing an additional 70 shares during the period. Choreo LLC acquired a new stake in shares of Valmont Industries during the second quarter worth about $220,000. Texas Permanent School Fund Corp grew its holdings in shares of Valmont Industries by 6.2% during the second quarter. Texas Permanent School Fund Corp now owns 19,422 shares of the industrial products company’s stock worth $5,330,000 after buying an additional 1,138 shares during the last quarter. American Century Companies Inc. increased its position in Valmont Industries by 16.4% in the 2nd quarter. American Century Companies Inc. now owns 24,067 shares of the industrial products company’s stock valued at $6,605,000 after acquiring an additional 3,397 shares during the period. Finally, Qsemble Capital Management LP purchased a new stake in Valmont Industries during the 2nd quarter valued at approximately $504,000. Institutional investors and hedge funds own 87.84% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on VMI. DA Davidson boosted their target price on Valmont Industries from $340.00 to $380.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Stifel Nicolaus boosted their price objective on shares of Valmont Industries from $360.00 to $382.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th.

Insider Activity

In other Valmont Industries news, VP R Andrew Massey sold 3,977 shares of Valmont Industries stock in a transaction that occurred 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 completion of the sale, the vice president now directly owns 9,408 shares of the company’s stock, valued at approximately $2,963,520. The trade was a 29.71 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Mogens C. Bay sold 17,000 shares of the company’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 9.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 41,977 shares of company stock worth $13,950,095. Company insiders own 2.00% of the company’s stock.

Valmont Industries Stock Performance

Shares of VMI stock traded down $4.39 during trading hours on Friday, reaching $303.12. 10,555 shares of the company’s stock were exchanged, compared to its average volume of 101,750. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.35 and a quick ratio of 1.55. Valmont Industries, Inc. has a 1 year low of $202.01 and a 1 year high of $354.13. The company has a market cap of $6.07 billion, a P/E ratio of 20.59 and a beta of 1.05. The company’s 50 day moving average is $328.83 and its two-hundred day moving average is $300.54.

Valmont Industries (NYSE:VMI) last released its earnings results on Tuesday, October 22nd. The industrial products company reported $4.11 EPS for the quarter, beating analysts’ consensus estimates of $4.00 by $0.11. Valmont Industries had a return on equity of 23.10% and a net margin of 7.38%. The company had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter last year, the company earned $4.12 earnings per share. Valmont Industries’s quarterly revenue was down 2.9% compared to the same quarter last year. Equities research analysts anticipate that Valmont Industries, Inc. will post 16.85 EPS for the current fiscal year.

Valmont Industries Announces Dividend

The business 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 $0.60 dividend. The ex-dividend date is Friday, December 27th. This represents a $2.40 dividend on an annualized basis and a yield of 0.79%. Valmont Industries’s dividend payout ratio (DPR) is presently 16.30%.

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.