Valmont Industries, Inc. (NYSE:VMI) EVP Aaron M. Schapper Sells 1,951 Shares

Valmont Industries, Inc. (NYSE:VMIGet Rating) EVP Aaron M. Schapper sold 1,951 shares of the firm’s stock in a transaction dated Friday, November 18th. The stock was sold at an average price of $325.90, for a total value of $635,830.90. Following the completion of the transaction, the executive vice president now directly owns 9,683 shares in the company, valued at approximately $3,155,689.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Valmont Industries Stock Up 0.2 %

Shares of VMI opened at $328.92 on Tuesday. The business’s 50 day moving average is $295.17 and its 200 day moving average is $268.42. The company has a market capitalization of $7.02 billion, a PE ratio of 29.85, a price-to-earnings-growth ratio of 1.98 and a beta of 1.11. Valmont Industries, Inc. has a 12-month low of $203.30 and a 12-month high of $331.14. The company has a current ratio of 2.13, a quick ratio of 1.27 and a debt-to-equity ratio of 0.59.

Valmont Industries Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 17th. Shareholders of record on Friday, December 30th will be issued a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 0.67%. The ex-dividend date of this dividend is Thursday, December 29th. Valmont Industries’s dividend payout ratio is presently 19.96%.

Analyst Ratings Changes

Several research firms have recently commented on VMI. TheStreet raised Valmont Industries from a “c+” rating to a “b+” rating in a research note on Thursday, August 25th. Stifel Nicolaus raised their price objective on Valmont Industries from $277.00 to $315.00 and gave the stock a “buy” rating in a research note on Tuesday, October 11th. StockNews.com started coverage on Valmont Industries in a research note on Wednesday, October 12th. They set a “hold” rating on the stock. Finally, DA Davidson lifted their target price on Valmont Industries to $310.00 in a research note on Tuesday, November 1st. One analyst has rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Valmont Industries has an average rating of “Moderate Buy” and a consensus price target of $305.50.

Hedge Funds Weigh In On Valmont Industries

Institutional investors have recently added to or reduced their stakes in the company. Pinebridge Investments L.P. purchased a new position in Valmont Industries during the 2nd quarter valued at approximately $26,000. Ellevest Inc. grew its holdings in Valmont Industries by 1,500.0% during the 3rd quarter. Ellevest Inc. now owns 96 shares of the industrial products company’s stock valued at $26,000 after buying an additional 90 shares in the last quarter. Quadrant Capital Group LLC grew its holdings in Valmont Industries by 69.6% during the 1st quarter. Quadrant Capital Group LLC now owns 117 shares of the industrial products company’s stock valued at $28,000 after buying an additional 48 shares in the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC purchased a new position in Valmont Industries during the 3rd quarter valued at approximately $28,000. Finally, TCI Wealth Advisors Inc. grew its holdings in Valmont Industries by 1,628.6% during the 3rd quarter. TCI Wealth Advisors Inc. now owns 121 shares of the industrial products company’s stock valued at $33,000 after buying an additional 114 shares in the last quarter. Hedge funds and other institutional investors own 88.60% of the company’s stock.

Valmont Industries Company Profile

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Valmont Industries, Inc produces and sells fabricated metal products in the United States, Australia, Brazil, Denmark, and internationally. It operates through two segments: Infrastructure and Agriculture. The company manufactures and distributes engineered metal, steel, wood, aluminum, and composite poles, towers, and components for lighting, traffic, and wireless communication markets; engineered access systems; integrated structure solutions for smart cities; and highway safety products.

Further Reading

Insider Buying and Selling by Quarter for Valmont Industries (NYSE:VMI)

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