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

Valmont Industries, Inc. (NYSE:VMIGet 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, 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, 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.

Further Reading

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

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