Richard P Slaughter Associates Inc Has $3.05 Million Stake in Valmont Industries, Inc. (NYSE:VMI)

Richard P Slaughter Associates Inc reduced its stake in shares of Valmont Industries, Inc. (NYSE:VMI) by 0.4% in the 4th quarter, HoldingsChannel.com reports. The fund owned 9,952 shares of the industrial products company’s stock after selling 38 shares during the quarter. Richard P Slaughter Associates Inc’s holdings in Valmont Industries were worth $3,052,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. GAMMA Investing LLC increased its position in shares of Valmont Industries by 117.4% during the 3rd quarter. GAMMA Investing LLC now owns 100 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 54 shares in the last quarter. Sunbelt Securities Inc. bought a new stake in Valmont Industries during the third quarter worth about $35,000. Exchange Traded Concepts LLC bought a new stake in Valmont Industries during the third quarter worth about $39,000. Quarry LP increased its holdings in shares of Valmont Industries by 268.0% during the second quarter. Quarry LP now owns 184 shares of the industrial products company’s stock worth $50,000 after buying an additional 134 shares in the last quarter. Finally, Point72 Asset Management L.P. bought a new position in shares of Valmont Industries in the third quarter valued at approximately $58,000. 87.84% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on VMI shares. DA Davidson increased their price target on Valmont Industries from $340.00 to $380.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Stifel Nicolaus raised their target price on Valmont Industries from $360.00 to $382.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th.

Valmont Industries Price Performance

Shares of VMI stock opened at $313.22 on Wednesday. The company has a current ratio of 2.35, a quick ratio of 1.55 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $6.28 billion, a price-to-earnings ratio of 21.28 and a beta of 1.05. The firm’s 50 day moving average is $328.30 and its 200-day moving average is $301.37. Valmont Industries, Inc. has a 1 year low of $202.01 and a 1 year high of $354.13.

Valmont Industries (NYSE:VMI) last released its earnings results on Tuesday, October 22nd. The industrial products company reported $4.11 EPS for the quarter, beating the consensus estimate of $4.00 by $0.11. The company had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $1.02 billion. Valmont Industries had a return on equity of 23.10% and a net margin of 7.38%. The business’s revenue for the quarter was down 2.9% on a year-over-year basis. During the same period last year, the firm earned $4.12 EPS. Sell-side analysts forecast that Valmont Industries, Inc. will post 16.85 EPS for the current fiscal year.

Valmont Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Friday, December 27th will be issued a dividend of $0.60 per share. The ex-dividend date of this dividend is Friday, December 27th. This represents a $2.40 annualized dividend and a yield of 0.77%. Valmont Industries’s dividend payout ratio is currently 16.30%.

Insider Buying and Selling at Valmont Industries

In related news, Director Mogens C. Bay sold 20,000 shares of the business’s stock in a transaction that occurred 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 sale, the director now directly owns 131,730 shares of the company’s stock, valued at $45,963,231.60. The trade was a 13.18 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Daas Kaj Den sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $338.78, for a total transaction of $338,780.00. Following the completion of the transaction, the director now directly owns 8,644 shares in the company, valued at approximately $2,928,414.32. The trade was a 10.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 41,977 shares of company stock worth $13,950,095. Company insiders own 2.00% of the company’s stock.

Valmont Industries Company 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.