Nabity Jensen Investment Management Inc Sells 311 Shares of Valmont Industries, Inc. (NYSE:VMI)

Nabity Jensen Investment Management Inc decreased its holdings in shares of Valmont Industries, Inc. (NYSE:VMI) by 5.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,251 shares of the industrial products company’s stock after selling 311 shares during the period. Valmont Industries accounts for 1.2% of Nabity Jensen Investment Management Inc’s portfolio, making the stock its 19th largest position. Nabity Jensen Investment Management Inc’s holdings in Valmont Industries were worth $1,610,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in VMI. GAMMA Investing LLC boosted its stake in Valmont Industries by 117.4% in 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. purchased a new position in Valmont Industries in the third quarter worth about $35,000. Exchange Traded Concepts LLC bought a new position in shares of Valmont Industries in the third quarter worth approximately $39,000. Quarry LP grew 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 valued at $50,000 after buying an additional 134 shares during the last quarter. Finally, Point72 Asset Management L.P. bought a new stake in shares of Valmont Industries during the third quarter valued at approximately $58,000. 87.84% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, VP R Andrew Massey sold 3,977 shares of the stock in a transaction that occurred on 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 owns 9,408 shares in the company, valued at $2,963,520. This represents a 29.71 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Mogens C. Bay sold 17,000 shares of the firm’s stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $316.48, for a total transaction of $5,380,160.00. Following the completion of the transaction, the director now directly owns 154,730 shares in the company, valued at approximately $48,968,950.40. The trade was a 9.90 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 41,977 shares of company stock valued at $13,950,095. Insiders own 2.00% of the company’s stock.

Analysts Set New Price Targets

VMI has been the topic of several analyst reports. Stifel Nicolaus upped their price objective on Valmont Industries from $360.00 to $382.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. DA Davidson upped their price target on Valmont Industries from $340.00 to $380.00 and gave the company a “buy” rating in a report on Thursday, October 24th.

Valmont Industries Stock Performance

Shares of VMI stock opened at $313.22 on Wednesday. The firm has a market capitalization of $6.28 billion, a PE ratio of 21.28 and a beta of 1.05. The company has a 50 day moving average price of $328.30 and a 200-day moving average price of $301.37. Valmont Industries, Inc. has a 52 week low of $202.01 and a 52 week high of $354.13. The company has a quick ratio of 1.55, a current ratio of 2.35 and a debt-to-equity ratio of 0.58.

Valmont Industries (NYSE:VMI) last posted its earnings results on Tuesday, October 22nd. The industrial products company reported $4.11 EPS for the quarter, topping analysts’ consensus estimates of $4.00 by $0.11. The business had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.02 billion. Valmont Industries had a net margin of 7.38% and a return on equity of 23.10%. The firm’s revenue was down 2.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.12 EPS. As a group, equities research analysts expect that Valmont Industries, Inc. will post 16.85 earnings per share for the current year.

Valmont Industries Dividend Announcement

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

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.