Valmont Industries, Inc. (NYSE:VMI) Shares Sold by MetLife Investment Management LLC

MetLife Investment Management LLC trimmed its holdings in Valmont Industries, Inc. (NYSE:VMI) by 2.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,419 shares of the industrial products company’s stock after selling 210 shares during the quarter. MetLife Investment Management LLC owned approximately 0.05% of Valmont Industries worth $3,021,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. GAMMA Investing LLC increased its holdings in shares of Valmont Industries by 117.4% in the 3rd quarter. GAMMA Investing LLC now owns 100 shares of the industrial products company’s stock valued at $29,000 after acquiring an additional 54 shares during the period. Mather Group LLC. increased its holdings 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 acquiring an additional 103 shares during the period. Exchange Traded Concepts LLC acquired a new position in Valmont Industries in the 3rd quarter valued at $39,000. Quarry LP increased its stake in Valmont Industries by 268.0% in the 2nd quarter. Quarry LP now owns 184 shares of the industrial products company’s stock valued at $50,000 after buying an additional 134 shares during the period. Finally, Signaturefd LLC increased its stake in Valmont Industries by 35.4% in the 3rd quarter. Signaturefd LLC now owns 214 shares of the industrial products company’s stock valued at $62,000 after buying an additional 56 shares during the period. 87.84% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

VMI has been the topic of several recent research reports. DA Davidson boosted their price objective on shares of Valmont Industries from $340.00 to $380.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Stifel Nicolaus boosted their price objective on shares of Valmont Industries from $350.00 to $360.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Finally, StockNews.com upgraded shares of Valmont Industries from a “buy” rating to a “strong-buy” rating in a research report on Monday, August 12th.

Valmont Industries Price Performance

Shares of NYSE VMI opened at $347.08 on Wednesday. The firm has a market capitalization of $6.95 billion, a P/E ratio of 23.56 and a beta of 1.03. Valmont Industries, Inc. has a one year low of $202.01 and a one year high of $354.13. The company’s fifty day moving average is $318.83 and its two-hundred day moving average is $289.52. 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 (NYSE:VMI) last issued 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 company had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.02 billion. Valmont Industries had a net margin of 7.38% and a return on equity of 23.10%. The business’s revenue was down 2.9% on a year-over-year basis. During the same period in the previous year, the firm earned $4.12 EPS. Analysts forecast that Valmont Industries, Inc. will post 16.86 EPS for the current fiscal year.

Valmont Industries Dividend Announcement

The firm 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 annualized dividend and a dividend yield of 0.69%. Valmont Industries’s dividend payout ratio is presently 16.30%.

Insider Buying and Selling

In other Valmont Industries news, VP R Andrew Massey sold 3,977 shares of the company’s stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $315.00, for a total value of $1,252,755.00. Following the transaction, the vice president now directly owns 9,408 shares in the company, valued at approximately $2,963,520. This represents a 29.71 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Mogens C. Bay sold 20,000 shares of the company’s stock in a transaction dated 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 in the company, valued at approximately $45,963,231.60. This trade represents a 13.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 41,977 shares of company stock worth $13,950,095 in the last three months. Corporate insiders own 1.90% of the company’s stock.

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.