Atria Investments Inc Sells 565 Shares of Valmont Industries, Inc. (NYSE:VMI)

Atria Investments Inc reduced its position in shares of Valmont Industries, Inc. (NYSE:VMI) by 23.2% during the third quarter, Holdings Channel reports. The firm owned 1,869 shares of the industrial products company’s stock after selling 565 shares during the period. Atria Investments Inc’s holdings in Valmont Industries were worth $542,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in VMI. GAMMA Investing LLC lifted its position in shares of Valmont Industries by 117.4% during the third quarter. GAMMA Investing LLC now owns 100 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 54 shares in the last quarter. Mather Group LLC. raised its position in Valmont Industries by 2,060.0% in the second quarter. Mather Group LLC. now owns 108 shares of the industrial products company’s stock worth $30,000 after acquiring an additional 103 shares during the period. Exchange Traded Concepts LLC bought a new stake in Valmont Industries in the third quarter worth about $39,000. Quarry LP raised its position in Valmont Industries by 268.0% in the second quarter. Quarry LP now owns 184 shares of the industrial products company’s stock worth $50,000 after acquiring an additional 134 shares during the period. Finally, Versant Capital Management Inc bought a new stake in Valmont Industries in the second quarter worth about $52,000. 87.84% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

VMI has been the topic of several research reports. StockNews.com raised shares of Valmont Industries from a “buy” rating to a “strong-buy” rating in a research report on Monday, August 12th. 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. Finally, Stifel Nicolaus lifted their price objective on shares of Valmont Industries from $350.00 to $360.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th.

Insider Transactions at Valmont Industries

In related news, Director Mogens C. Bay sold 17,000 shares of the business’s stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $316.48, for a total transaction of $5,380,160.00. Following the completion of the transaction, the director now owns 154,730 shares of the company’s stock, valued at approximately $48,968,950.40. The trade was a 9.90 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP R Andrew Massey sold 3,977 shares of the business’s stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $315.00, for a total transaction of $1,252,755.00. Following the transaction, the vice president now directly owns 9,408 shares of the company’s stock, valued at approximately $2,963,520. This represents a 29.71 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.90% of the company’s stock.

Valmont Industries Price Performance

VMI opened at $339.82 on Wednesday. The company has a market capitalization of $6.81 billion, a price-to-earnings ratio of 23.09 and a beta of 1.02. The company has a quick ratio of 1.55, a current ratio of 2.35 and a debt-to-equity ratio of 0.58. The firm has a 50-day moving average price of $306.42 and a 200-day moving average price of $283.73. Valmont Industries, Inc. has a twelve month low of $202.01 and a twelve month high of $352.57.

Valmont Industries (NYSE:VMI) last posted its earnings results on Tuesday, October 22nd. The industrial products company reported $4.11 earnings per share for the quarter, topping the consensus estimate of $4.00 by $0.11. The firm had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.02 billion. Valmont Industries had a net margin of 7.38% and a return on equity of 23.10%. The company’s revenue was down 2.9% on a year-over-year basis. During the same quarter last year, the company earned $4.12 earnings per share. Equities analysts expect that Valmont Industries, Inc. will post 16.86 EPS for the current year.

Valmont Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Friday, December 27th will be paid a $0.60 dividend. The ex-dividend date of this dividend is Friday, December 27th. This represents a $2.40 annualized dividend and a dividend yield of 0.71%. Valmont Industries’s payout ratio is 16.30%.

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.