Valmont Industries, Inc. (NYSE:VMI) VP Vanessa Kay Brown sold 3,059 shares of the business’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $171.74, for a total value of $525,352.66. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Shares of Valmont Industries, Inc. (NYSE:VMI) traded down $0.70 during mid-day trading on Friday, reaching $172.10. The company had a trading volume of 122,255 shares, compared to its average volume of 131,319. The company has a market cap of $3,910.00, a price-to-earnings ratio of 24.77, a P/E/G ratio of 2.44 and a beta of 1.03. Valmont Industries, Inc. has a twelve month low of $135.95 and a twelve month high of $173.20. The company has a debt-to-equity ratio of 0.65, a current ratio of 3.50 and a quick ratio of 2.53.

Valmont Industries (NYSE:VMI) last released its quarterly earnings results on Wednesday, October 18th. The industrial products company reported $1.56 EPS for the quarter, missing analysts’ consensus estimates of $1.60 by ($0.04). Valmont Industries had a net margin of 7.02% and a return on equity of 14.56%. The company had revenue of $680.78 million during the quarter, compared to the consensus estimate of $652.65 million. During the same quarter last year, the firm posted $1.48 EPS. The company’s quarterly revenue was up 11.6% on a year-over-year basis. sell-side analysts anticipate that Valmont Industries, Inc. will post 6.98 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Global X Management Co. LLC grew its position in shares of Valmont Industries by 220.0% in the 2nd quarter. Global X Management Co. LLC now owns 720 shares of the industrial products company’s stock valued at $108,000 after buying an additional 495 shares during the last quarter. Riverhead Capital Management LLC grew its position in shares of Valmont Industries by 85.6% in the 2nd quarter. Riverhead Capital Management LLC now owns 1,299 shares of the industrial products company’s stock valued at $194,000 after buying an additional 599 shares during the last quarter. Gofen & Glossberg LLC IL bought a new stake in shares of Valmont Industries in the 3rd quarter valued at about $209,000. Janney Montgomery Scott LLC grew its position in shares of Valmont Industries by 0.6% in the 2nd quarter. Janney Montgomery Scott LLC now owns 1,339 shares of the industrial products company’s stock valued at $200,000 after buying an additional 8 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC bought a new stake in shares of Valmont Industries in the 2nd quarter valued at about $212,000. Hedge funds and other institutional investors own 85.26% of the company’s stock.

VMI has been the subject of a number of research analyst reports. Zacks Investment Research raised Valmont Industries from a “sell” rating to a “hold” rating in a report on Monday, November 6th. BidaskClub lowered Valmont Industries from a “sell” rating to a “strong sell” rating in a research report on Friday, August 25th. Boenning Scattergood restated a “buy” rating and set a $185.00 price objective on shares of Valmont Industries in a research report on Friday, November 10th. Seaport Global Securities began coverage on Valmont Industries in a research report on Wednesday, September 6th. They set a “buy” rating and a $160.00 price objective on the stock. Finally, Stifel Nicolaus restated a “buy” rating and set a $183.00 price objective on shares of Valmont Industries in a research report on Tuesday, October 17th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $176.50.

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About Valmont Industries

Valmont Industries, Inc is a producer of fabricated metal products, and steel, aluminum and composite pole, tower and other structures, and mechanized irrigation systems. The Company’s segments are Engineered Support Structures (ESS); Utility Support Structures; Energy and Mining; Coatings; Irrigation, and Other.

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