Nabity Jensen Investment Management Inc Sells 311 Shares of Valmont Industries, Inc. (NYSE:VMI)

Nabity Jensen Investment Management Inc cut its stake in shares of Valmont Industries, Inc. (NYSE:VMI) by 5.6% in the fourth quarter, HoldingsChannel reports. The fund owned 5,251 shares of the industrial products company’s stock after selling 311 shares during the period. Valmont Industries makes up approximately 1.2% of Nabity Jensen Investment Management Inc’s holdings, making the stock its 19th largest holding. Nabity Jensen Investment Management Inc’s holdings in Valmont Industries were worth $1,610,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its holdings in Valmont Industries by 117.4% in the 3rd 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. Sunbelt Securities Inc. purchased a new position in shares of Valmont Industries during the third quarter valued at about $35,000. Exchange Traded Concepts LLC bought a new stake in shares of Valmont Industries in the third quarter worth about $39,000. Quarry LP raised its holdings in Valmont Industries by 268.0% during the 2nd quarter. Quarry LP now owns 184 shares of the industrial products company’s stock valued at $50,000 after buying an additional 134 shares during the period. Finally, Point72 Asset Management L.P. bought a new stake in Valmont Industries in the third quarter worth $58,000. 87.84% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Valmont Industries

In related news, VP R Andrew Massey sold 3,977 shares of the stock in a transaction that occurred on 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 transaction, the vice president now owns 9,408 shares of the company’s stock, valued at $2,963,520. This represents a 29.71 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Daas Kaj Den sold 1,000 shares of Valmont Industries stock in a transaction on Monday, November 18th. The shares were sold at an average price of $338.78, for a total value of $338,780.00. Following the sale, the director now directly owns 8,644 shares of the company’s stock, valued at approximately $2,928,414.32. This trade represents a 10.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 41,977 shares of company stock worth $13,950,095 in the last 90 days. 2.00% of the stock is owned by corporate insiders.

Valmont Industries Trading Up 2.0 %

Shares of NYSE VMI opened at $313.22 on Wednesday. Valmont Industries, Inc. has a fifty-two week low of $202.01 and a fifty-two week high of $354.13. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.55 and a current ratio of 2.35. The company has a market cap of $6.28 billion, a price-to-earnings ratio of 21.28 and a beta of 1.05. The business’s 50 day moving average price is $328.30 and its 200-day moving average price is $301.37.

Valmont Industries (NYSE:VMI) last released its 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 return on equity of 23.10% and a net margin of 7.38%. The business had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same quarter last year, the firm posted $4.12 earnings per share. The business’s revenue was down 2.9% compared to the same quarter last year. On average, sell-side analysts expect that Valmont Industries, Inc. will post 16.85 earnings per share for the current year.

Valmont Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Friday, December 27th will be issued a dividend of $0.60 per share. The ex-dividend date is Friday, December 27th. This represents a $2.40 dividend on an annualized basis and a yield of 0.77%. Valmont Industries’s payout ratio is 16.30%.

Wall Street Analysts Forecast Growth

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

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.