Cwm LLC lowered its holdings in Valmont Industries, Inc. (NYSE:VMI – Free Report) by 0.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 47,226 shares of the industrial products company’s stock after selling 46 shares during the quarter. Cwm LLC’s holdings in Valmont Industries were worth $13,693,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in Valmont Industries by 2.6% during the fourth quarter. Vanguard Group Inc. now owns 2,100,156 shares of the industrial products company’s stock worth $490,407,000 after acquiring an additional 54,189 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Valmont Industries by 3.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 418,722 shares of the industrial products company’s stock valued at $114,919,000 after purchasing an additional 14,168 shares during the last quarter. Earnest Partners LLC acquired a new position in Valmont Industries in the second quarter valued at about $91,878,000. Bank of New York Mellon Corp boosted its position in Valmont Industries by 39.3% in the second quarter. Bank of New York Mellon Corp now owns 258,845 shares of the industrial products company’s stock valued at $71,040,000 after buying an additional 73,084 shares in the last quarter. Finally, Sei Investments Co. increased its holdings 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 in the last quarter. Institutional investors and hedge funds own 87.84% of the company’s stock.
Insider Buying and Selling
In other Valmont Industries news, CFO Timothy P. Francis sold 2,300 shares of the firm’s stock in a transaction that occurred on Tuesday, July 30th. The shares were sold at an average price of $298.49, for a total value of $686,527.00. Following the transaction, the chief financial officer now directly owns 9,471 shares of the company’s stock, valued at approximately $2,826,998.79. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CFO Timothy P. Francis sold 2,300 shares of the stock in a transaction on Tuesday, July 30th. The stock was sold at an average price of $298.49, for a total value of $686,527.00. Following the transaction, the chief financial officer now owns 9,471 shares of the company’s stock, valued at $2,826,998.79. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Theodor Werner Freye sold 1,600 shares of the firm’s stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $300.12, for a total value of $480,192.00. Following the completion of the transaction, the director now owns 3,685 shares in the company, valued at $1,105,942.20. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by insiders.
Wall Street Analyst Weigh In
Get Our Latest Analysis on Valmont Industries
Valmont Industries Stock Up 2.7 %
NYSE:VMI opened at $301.24 on Friday. The company has a market cap of $6.08 billion, a price-to-earnings ratio of 36.34 and a beta of 1.02. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.63 and a current ratio of 2.53. The stock’s fifty day moving average price is $282.36 and its two-hundred day moving average price is $263.17. Valmont Industries, Inc. has a 52-week low of $188.63 and a 52-week high of $307.67.
Valmont Industries (NYSE:VMI – Get Free Report) last released its earnings results on Wednesday, July 24th. The industrial products company reported $4.76 earnings per share for the quarter, topping analysts’ consensus estimates of $4.04 by $0.72. Valmont Industries had a return on equity of 23.30% and a net margin of 4.09%. The company had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.06 billion. On average, analysts anticipate that Valmont Industries, Inc. will post 16.76 EPS for the current year.
Valmont Industries Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Friday, September 27th will be given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 0.80%. The ex-dividend date is Friday, September 27th. Valmont Industries’s dividend payout ratio is 28.95%.
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.
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