L. Roy Papp & Associates LLP Cuts Stake in Valmont Industries, Inc. (NYSE:VMI)

L. Roy Papp & Associates LLP reduced its stake in shares of Valmont Industries, Inc. (NYSE:VMI) by 12.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,825 shares of the industrial products company’s stock after selling 1,922 shares during the quarter. L. Roy Papp & Associates LLP owned about 0.07% of Valmont Industries worth $3,794,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in VMI. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of Valmont Industries by 2.7% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,796 shares of the industrial products company’s stock worth $405,000 after acquiring an additional 48 shares during the last quarter. FCA Corp TX increased its stake in Valmont Industries by 0.4% in the 4th quarter. FCA Corp TX now owns 15,133 shares of the industrial products company’s stock worth $3,534,000 after buying an additional 53 shares during the period. Signaturefd LLC increased its stake in Valmont Industries by 37.3% in the 4th quarter. Signaturefd LLC now owns 206 shares of the industrial products company’s stock worth $48,000 after buying an additional 56 shares during the period. Private Advisor Group LLC increased its stake in Valmont Industries by 3.0% in the 4th quarter. Private Advisor Group LLC now owns 2,042 shares of the industrial products company’s stock worth $477,000 after buying an additional 60 shares during the period. Finally, WealthPlan Investment Management LLC increased its stake in Valmont Industries by 0.3% in the 1st quarter. WealthPlan Investment Management LLC now owns 24,091 shares of the industrial products company’s stock worth $5,500,000 after buying an additional 63 shares during the period. 87.84% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

VMI has been the topic of several recent analyst reports. DA Davidson raised their price target on shares of Valmont Industries from $300.00 to $340.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. StockNews.com raised shares of Valmont Industries from a “buy” rating to a “strong-buy” rating in a research note on Monday, August 12th. Finally, Stifel Nicolaus raised their price target on shares of Valmont Industries from $285.00 to $325.00 and gave the stock a “buy” rating in a research note on Thursday, July 18th. One equities research analyst has rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Valmont Industries has a consensus rating of “Buy” and an average target price of $332.50.

Valmont Industries Stock Up 2.0 %

NYSE VMI traded up $5.54 during trading on Friday, reaching $288.93. 54,208 shares of the company’s stock traded hands, compared to its average volume of 170,001. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.53 and a quick ratio of 1.63. The firm has a market cap of $5.83 billion, a price-to-earnings ratio of 38.00 and a beta of 1.03. The company’s 50 day simple moving average is $278.61 and its two-hundred day simple moving average is $247.55. Valmont Industries, Inc. has a 12-month low of $188.63 and a 12-month high of $307.67.

Valmont Industries (NYSE:VMI) last posted its earnings results on Wednesday, July 24th. The industrial products company reported $4.76 EPS for the quarter, beating analysts’ consensus estimates of $4.04 by $0.72. The business had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.06 billion. Valmont Industries had a net margin of 4.09% and a return on equity of 23.30%. As a group, sell-side analysts forecast that Valmont Industries, Inc. will post 16.76 EPS for the current fiscal year.

Valmont Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Friday, September 27th will be given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.83%. The ex-dividend date is Friday, September 27th. Valmont Industries’s payout ratio is currently 31.62%.

Insider Transactions at Valmont Industries

In other news, CFO Timothy P. Francis sold 2,300 shares of Valmont Industries stock in a transaction that occurred on Tuesday, July 30th. The shares were sold at an average price of $298.49, for a total value of $686,527.00. Following the transaction, the chief financial officer now owns 9,471 shares of the company’s stock, valued at approximately $2,826,998.79. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, CFO Timothy P. Francis sold 2,300 shares of Valmont Industries stock in a transaction that occurred on Tuesday, July 30th. The shares were sold at an average price of $298.49, for a total value of $686,527.00. Following the completion of the sale, the chief financial officer now directly owns 9,471 shares in the company, valued at approximately $2,826,998.79. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Theodor Werner Freye sold 1,600 shares of Valmont Industries stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $300.12, for a total transaction of $480,192.00. Following the completion of the sale, the director now owns 3,685 shares of the company’s stock, valued at $1,105,942.20. The disclosure for this sale can be found here. Insiders own 2.00% of the company’s stock.

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.