Insider Selling: Valmont Industries, Inc. (NYSE:VMI) Insider Sells 4,033 Shares of Stock

Valmont Industries, Inc. (NYSE:VMI – Get Rating) insider Aaron M. Schapper sold 4,033 shares of Valmont Industries stock in a transaction on Tuesday, March 14th. The shares were sold at an average price of $309.24, for a total value of $1,247,164.92. Following the completion of the transaction, the insider now owns 13,629 shares in the company, valued at approximately $4,214,631.96. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Valmont Industries Stock Performance

NYSE:VMI opened at $297.26 on Friday. The stock has a market cap of $6.35 billion, a P/E ratio of 25.56, a price-to-earnings-growth ratio of 1.66 and a beta of 1.07. The company has a current ratio of 2.21, a quick ratio of 1.31 and a debt-to-equity ratio of 0.53. The stock’s 50-day moving average is $321.40 and its 200-day moving average is $311.43. Valmont Industries, Inc. has a 1-year low of $213.27 and a 1-year high of $353.36.

Valmont Industries Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 14th. Stockholders of record on Friday, March 31st will be issued a dividend of $0.60 per share. This is a boost from Valmont Industries’s previous quarterly dividend of $0.55. This represents a $2.40 annualized dividend and a dividend yield of 0.81%. The ex-dividend date of this dividend is Thursday, March 30th. Valmont Industries’s payout ratio is 18.92%.

Institutional Trading of Valmont Industries

Hedge funds and other institutional investors have recently made changes to their positions in the company. Exchange Traded Concepts LLC bought a new stake in shares of Valmont Industries during the fourth quarter worth about $25,000. Ellevest Inc. boosted its holdings in Valmont Industries by 1,500.0% in the third quarter. Ellevest Inc. now owns 96 shares of the industrial products company’s stock valued at $26,000 after acquiring an additional 90 shares during the last quarter. Koshinski Asset Management Inc. bought a new stake in Valmont Industries in the third quarter valued at approximately $1,066,000. Nelson Van Denburg & Campbell Wealth Management Group LLC bought a new stake in Valmont Industries in the third quarter valued at approximately $28,000. Finally, Allspring Global Investments Holdings LLC bought a new stake in Valmont Industries in the fourth quarter valued at approximately $36,000. 87.84% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on VMI shares. DA Davidson reiterated a “neutral” rating on shares of Valmont Industries in a research note on Friday, February 24th. Stifel Nicolaus lifted their price target on Valmont Industries from $385.00 to $389.00 and gave the company a “buy” rating in a research note on Friday, January 20th. Finally, StockNews.com assumed coverage on Valmont Industries in a research note on Thursday. They issued a “buy” rating on the stock. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $324.00.

Valmont Industries Company Profile

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Valmont Industries, Inc engages in the designing and manufacturing of engineered fabricated metal products and service. It operates through the following four segments: Engineered Support Structures, Utility Support Structures, Irrigation, and Coatings. The Engineered Support Structures segment produces engineered access systems, highway safety products, and integrated structure solutions for smart cities.