Beaconlight Capital LLC Sells 1,253 Shares of Valmont Industries, Inc. (NYSE:VMI)

Beaconlight Capital LLC reduced its holdings in shares of Valmont Industries, Inc. (NYSE:VMI) by 5.6% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 21,195 shares of the industrial products company’s stock after selling 1,253 shares during the quarter. Valmont Industries accounts for about 2.5% of Beaconlight Capital LLC’s holdings, making the stock its 19th biggest holding. Beaconlight Capital LLC owned approximately 0.11% of Valmont Industries worth $6,145,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Mather Group LLC. boosted its stake in shares of Valmont Industries by 2,060.0% in the 2nd quarter. Mather Group LLC. now owns 108 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 103 shares in the last quarter. Harbor Capital Advisors Inc. boosted its position in Valmont Industries by 292.4% in the second quarter. Harbor Capital Advisors Inc. now owns 3,386 shares of the industrial products company’s stock valued at $929,000 after buying an additional 2,523 shares in the last quarter. Vaughan Nelson Investment Management L.P. boosted its position in Valmont Industries by 14.4% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 184,880 shares of the industrial products company’s stock valued at $50,740,000 after buying an additional 23,275 shares in the last quarter. Foundry Partners LLC acquired a new stake in Valmont Industries in the third quarter valued at approximately $4,158,000. Finally, Ecofi Investissements SA acquired a new stake in Valmont Industries in the second quarter valued at approximately $3,238,000. 87.84% of the stock is currently owned by institutional investors.

Insider Transactions at Valmont Industries

In other Valmont Industries news, VP R Andrew Massey sold 3,977 shares of the business’s stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $315.00, for a total transaction of $1,252,755.00. Following the completion of the sale, the vice president now directly owns 9,408 shares of the company’s stock, valued at approximately $2,963,520. The trade was a 29.71 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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 sale, the director now owns 154,730 shares of the company’s stock, valued at $48,968,950.40. This trade represents a 9.90 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 21,977 shares of company stock worth $6,971,695. Company insiders own 1.90% of the company’s stock.

Valmont Industries Trading Up 0.5 %

Shares of NYSE:VMI traded up $1.87 during mid-day trading on Wednesday, reaching $353.84. 5,528 shares of the company’s stock were exchanged, compared to its average volume of 153,567. The firm has a market capitalization of $7.09 billion, a price-to-earnings ratio of 23.91 and a beta of 1.02. The business’s fifty day moving average price is $311.99 and its 200-day moving average price is $286.33. 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 twelve month low of $202.01 and a twelve month high of $356.40.

Valmont Industries (NYSE:VMI) last announced its earnings results on Tuesday, October 22nd. The industrial products company reported $4.11 EPS for the quarter, topping the consensus estimate of $4.00 by $0.11. The firm had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.02 billion. Valmont Industries had a return on equity of 23.10% and a net margin of 7.38%. The business’s quarterly revenue was down 2.9% compared to the same quarter last year. During the same period in the previous year, the business earned $4.12 EPS. On average, research analysts predict that Valmont Industries, Inc. will post 16.86 EPS for the current fiscal year.

Valmont Industries Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Friday, December 27th will be given a $0.60 dividend. The ex-dividend date of this dividend is Friday, December 27th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.68%. Valmont Industries’s dividend payout ratio (DPR) is currently 16.30%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Stifel Nicolaus raised their price objective on Valmont Industries from $350.00 to $360.00 and gave the company a “buy” rating in a report on Thursday, October 24th. DA Davidson lifted their price target on Valmont Industries from $340.00 to $380.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Finally, StockNews.com raised Valmont Industries from a “buy” rating to a “strong-buy” rating in a research note on Monday, August 12th.

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.