Teachers Retirement System of The State of Kentucky Reduces Stock Position in Valmont Industries, Inc. (NYSE:VMI)

Teachers Retirement System of The State of Kentucky trimmed its holdings in shares of Valmont Industries, Inc. (NYSE:VMI) by 2.5% in the third quarter, Holdings Channel reports. The institutional investor owned 7,064 shares of the industrial products company’s stock after selling 180 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Valmont Industries were worth $2,049,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. State Street Corp grew its position in shares of Valmont Industries by 1.1% in the 3rd quarter. State Street Corp now owns 640,876 shares of the industrial products company’s stock valued at $186,204,000 after buying an additional 6,913 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Valmont Industries by 3.5% during the second quarter. Dimensional Fund Advisors LP now owns 418,722 shares of the industrial products company’s stock worth $114,919,000 after purchasing an additional 14,168 shares during the last quarter. FMR LLC increased its position in shares of Valmont Industries by 4.0% during the third quarter. FMR LLC now owns 349,426 shares of the industrial products company’s stock worth $101,316,000 after purchasing an additional 13,509 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Valmont Industries by 1.5% in the 3rd quarter. Geode Capital Management LLC now owns 335,926 shares of the industrial products company’s stock valued at $97,428,000 after purchasing an additional 4,940 shares during the last quarter. Finally, Earnest Partners LLC acquired a new stake in shares of Valmont Industries in the 2nd quarter valued at about $91,878,000. 87.84% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

VMI has been the topic of several research analyst reports. Stifel Nicolaus lifted their price target on Valmont Industries from $360.00 to $382.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. DA Davidson lifted their target price on shares of Valmont Industries from $340.00 to $380.00 and gave the company a “buy” rating in a report on Thursday, October 24th.

Insider Buying and Selling at Valmont Industries

In related news, VP R Andrew Massey sold 3,977 shares of Valmont Industries stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $315.00, for a total value of $1,252,755.00. Following the sale, the vice president now directly owns 9,408 shares in the company, valued at $2,963,520. The trade was a 29.71 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Mogens C. Bay sold 17,000 shares of the company’s stock in a transaction on Friday, October 25th. The stock was sold at an average price of $316.48, for a total value of $5,380,160.00. Following the transaction, the director now directly owns 154,730 shares in the company, valued at $48,968,950.40. This represents a 9.90 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 41,977 shares of company stock valued at $13,950,095. 2.00% of the stock is owned by company insiders.

Valmont Industries Price Performance

Shares of VMI opened at $331.47 on Tuesday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.55 and a current ratio of 2.35. Valmont Industries, Inc. has a fifty-two week low of $202.01 and a fifty-two week high of $354.13. The firm has a 50-day simple moving average of $328.46 and a 200-day simple moving average of $295.31. The company has a market capitalization of $6.64 billion, a price-to-earnings ratio of 22.52 and a beta of 1.03.

Valmont Industries (NYSE:VMI) last posted its quarterly earnings data on Tuesday, October 22nd. The industrial products company reported $4.11 earnings per share for the quarter, topping analysts’ consensus estimates of $4.00 by $0.11. The company had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $1.02 billion. Valmont Industries had a return on equity of 23.10% and a net margin of 7.38%. The firm’s revenue for the quarter was down 2.9% on a year-over-year basis. During the same period last year, the firm earned $4.12 EPS. On average, equities research analysts anticipate that Valmont Industries, Inc. will post 16.85 earnings per share for the current year.

Valmont Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Friday, December 27th will be given a $0.60 dividend. The ex-dividend date is Friday, December 27th. This represents a $2.40 dividend on an annualized basis and a yield of 0.72%. Valmont Industries’s dividend payout ratio (DPR) is 16.30%.

Valmont Industries 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.