Valmont Industries, Inc. (NYSE:VMI) Shares Sold by Inspire Investing LLC

Inspire Investing LLC cut its holdings in shares of Valmont Industries, Inc. (NYSE:VMI) by 8.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,334 shares of the industrial products company’s stock after selling 116 shares during the period. Inspire Investing LLC’s holdings in Valmont Industries were worth $409,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in VMI. Franklin Resources Inc. boosted its position in shares of Valmont Industries by 57.6% in the 3rd quarter. Franklin Resources Inc. now owns 407,308 shares of the industrial products company’s stock valued at $123,512,000 after purchasing an additional 148,811 shares during the period. Wellington Management Group LLP lifted its stake in Valmont Industries by 16.3% during the third quarter. Wellington Management Group LLP now owns 247,714 shares of the industrial products company’s stock valued at $71,825,000 after buying an additional 34,772 shares in the last quarter. Segall Bryant & Hamill LLC boosted its holdings in shares of Valmont Industries by 9.6% in the third quarter. Segall Bryant & Hamill LLC now owns 288,633 shares of the industrial products company’s stock worth $83,689,000 after buying an additional 25,237 shares during the period. JPMorgan Chase & Co. increased its position in shares of Valmont Industries by 9.0% in the third quarter. JPMorgan Chase & Co. now owns 292,901 shares of the industrial products company’s stock worth $84,927,000 after acquiring an additional 24,224 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. raised its holdings in shares of Valmont Industries by 12.9% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 208,645 shares of the industrial products company’s stock valued at $60,497,000 after acquiring an additional 23,765 shares during the period. 87.84% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have weighed in on VMI shares. DA Davidson lifted their price objective on shares of Valmont Industries from $340.00 to $380.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Stifel Nicolaus lifted their price target on Valmont Industries from $382.00 to $387.00 and gave the company a “buy” rating in a report on Friday.

Valmont Industries Stock Performance

Shares of VMI opened at $342.33 on Friday. The company has a market capitalization of $6.86 billion, a PE ratio of 23.26 and a beta of 1.05. 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’s 50 day moving average price is $327.21 and its 200 day moving average price is $305.42. Valmont Industries, Inc. has a 52 week low of $202.01 and a 52 week high of $354.13.

Valmont Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Friday, December 27th were paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.70%. The ex-dividend date was Friday, December 27th. Valmont Industries’s dividend payout ratio (DPR) is presently 16.30%.

Insider Buying and Selling

In other news, Director Daas Kaj Den sold 1,000 shares of the firm’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $338.78, for a total transaction of $338,780.00. Following the completion of the sale, the director now directly owns 8,644 shares of the company’s stock, valued at $2,928,414.32. This trade represents a 10.37 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Mogens C. Bay sold 20,000 shares of Valmont Industries stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $348.92, for a total value of $6,978,400.00. Following the sale, the director now owns 131,730 shares of the company’s stock, valued at approximately $45,963,231.60. This represents a 13.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.00% of the stock is owned by corporate insiders.

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.