Jane Street Group LLC Sells 37,898 Shares of Valmont Industries, Inc. (NYSE:VMI)

Jane Street Group LLC lowered its stake in Valmont Industries, Inc. (NYSE:VMI) by 81.8% in the 3rd quarter, Holdings Channel reports. The firm owned 8,460 shares of the industrial products company’s stock after selling 37,898 shares during the quarter. Jane Street Group LLC’s holdings in Valmont Industries were worth $2,453,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. First Horizon Advisors Inc. boosted its position in shares of Valmont Industries by 12.5% in the third quarter. First Horizon Advisors Inc. now owns 279 shares of the industrial products company’s stock valued at $81,000 after acquiring an additional 31 shares during the period. Wealth Enhancement Advisory Services LLC lifted its stake in Valmont Industries by 1.5% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 2,325 shares of the industrial products company’s stock worth $674,000 after purchasing an additional 35 shares in the last quarter. Huntington National Bank boosted its holdings in Valmont Industries by 16.5% in the 3rd quarter. Huntington National Bank now owns 247 shares of the industrial products company’s stock valued at $72,000 after purchasing an additional 35 shares during the period. UMB Bank n.a. grew its position in shares of Valmont Industries by 3.1% during the 3rd quarter. UMB Bank n.a. now owns 1,303 shares of the industrial products company’s stock valued at $378,000 after purchasing an additional 39 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC increased its holdings in shares of Valmont Industries by 2.5% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 1,717 shares of the industrial products company’s stock worth $470,000 after purchasing an additional 42 shares during the period. Hedge funds and other institutional investors own 87.84% of the company’s stock.

Insider Transactions at Valmont Industries

In other news, Director Daas Kaj Den sold 1,000 shares of Valmont Industries stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $338.78, for a total value of $338,780.00. Following the transaction, the director now 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Mogens C. Bay sold 20,000 shares of the stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $348.92, for a total value of $6,978,400.00. Following the sale, the director now owns 131,730 shares of the company’s stock, valued at $45,963,231.60. This represents a 13.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 41,977 shares of company stock worth $13,950,095. 2.00% of the stock is currently owned by insiders.

Valmont Industries Stock Performance

NYSE VMI opened at $308.21 on Monday. Valmont Industries, Inc. has a 52-week low of $202.01 and a 52-week high of $354.13. The company has a fifty day moving average of $329.95 and a 200-day moving average of $296.78. The company has a market capitalization of $6.17 billion, a P/E ratio of 20.94 and a beta of 1.03. 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 posted its quarterly earnings data on Tuesday, October 22nd. The industrial products company reported $4.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.00 by $0.11. The firm 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 company’s revenue for the quarter was down 2.9% compared to the same quarter last year. During the same period in the prior year, the business earned $4.12 EPS. As a group, equities research analysts predict that Valmont Industries, Inc. will post 16.85 EPS for the current fiscal year.

Valmont Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Friday, December 27th will be paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 0.78%. The ex-dividend date is Friday, December 27th. Valmont Industries’s dividend payout ratio (DPR) is presently 16.30%.

Analysts Set New Price Targets

Several equities analysts recently commented on VMI shares. DA Davidson boosted their target price 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 boosted their price objective on Valmont Industries from $360.00 to $382.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th.

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.