Inspire Investing LLC Sells 116 Shares of Valmont Industries, Inc. (NYSE:VMI)

Inspire Investing LLC trimmed its stake in Valmont Industries, Inc. (NYSE:VMIFree Report) by 8.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor 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 reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in VMI. Avior Wealth Management LLC grew its holdings in Valmont Industries by 35.9% during the fourth quarter. Avior Wealth Management LLC now owns 212 shares of the industrial products company’s stock valued at $65,000 after purchasing an additional 56 shares during the last quarter. SG Americas Securities LLC grew its stake in Valmont Industries by 4.3% in the 4th quarter. SG Americas Securities LLC now owns 2,718 shares of the industrial products company’s stock valued at $834,000 after buying an additional 112 shares during the last quarter. LaFleur & Godfrey LLC raised its holdings in Valmont Industries by 2.3% in the 4th quarter. LaFleur & Godfrey LLC now owns 13,873 shares of the industrial products company’s stock worth $4,254,000 after acquiring an additional 308 shares during the period. Diversify Wealth Management LLC lifted its position in Valmont Industries by 26.8% during the 4th quarter. Diversify Wealth Management LLC now owns 1,912 shares of the industrial products company’s stock worth $578,000 after acquiring an additional 404 shares during the last quarter. Finally, Covea Finance boosted its holdings in Valmont Industries by 29.9% during the fourth quarter. Covea Finance now owns 15,200 shares of the industrial products company’s stock valued at $4,661,000 after acquiring an additional 3,500 shares during the period. 87.84% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Valmont Industries

In other Valmont Industries news, Director Daas Kaj Den sold 1,000 shares of the business’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $338.78, for a total value of $338,780.00. Following the sale, the director now owns 8,644 shares of the company’s stock, valued at $2,928,414.32. The trade was a 10.37 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Mogens C. Bay sold 20,000 shares of the stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $348.92, for a total transaction of $6,978,400.00. Following the completion of the transaction, 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 position. The disclosure for this sale can be found here. Corporate insiders own 2.00% of the company’s stock.

Analyst Upgrades and Downgrades

VMI has been the topic of a number of recent analyst reports. DA Davidson lifted their price objective on Valmont Industries from $340.00 to $380.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Stifel Nicolaus lifted their price target on Valmont Industries from $382.00 to $387.00 and gave the stock a “buy” rating in a research report on Friday.

Read Our Latest Research Report on Valmont Industries

Valmont Industries Stock Performance

NYSE VMI opened at $342.33 on Friday. The company’s fifty day moving average is $327.21 and its two-hundred day moving average is $305.42. Valmont Industries, Inc. has a 52-week low of $202.01 and a 52-week high of $354.13. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.35 and a quick ratio of 1.55. The firm has a market capitalization of $6.86 billion, a price-to-earnings ratio of 23.26 and a beta of 1.05.

Valmont Industries Announces Dividend

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

Valmont Industries Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Valmont Industries (NYSE:VMI)

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