Thrivent Financial for Lutherans Cuts Holdings in Valmont Industries, Inc. (NYSE:VMI)

Thrivent Financial for Lutherans decreased its position in shares of Valmont Industries, Inc. (NYSE:VMI) by 1.7% in the third quarter, HoldingsChannel reports. The firm owned 7,680 shares of the industrial products company’s stock after selling 135 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Valmont Industries were worth $2,227,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in VMI. Tidal Investments LLC grew its position in shares of Valmont Industries by 8.6% during the first quarter. Tidal Investments LLC now owns 3,186 shares of the industrial products company’s stock valued at $727,000 after purchasing an additional 253 shares in the last quarter. Comerica Bank grew its position in shares of Valmont Industries by 81.9% during the first quarter. Comerica Bank now owns 19,397 shares of the industrial products company’s stock valued at $4,428,000 after purchasing an additional 8,731 shares in the last quarter. Cetera Investment Advisers purchased a new position in Valmont Industries in the first quarter worth about $1,796,000. Moody National Bank Trust Division increased its stake in Valmont Industries by 460.2% during the second quarter. Moody National Bank Trust Division now owns 6,173 shares of the industrial products company’s stock worth $1,694,000 after acquiring an additional 5,071 shares during the last quarter. Finally, Versant Capital Management Inc bought a new stake in Valmont Industries during the second quarter worth approximately $52,000. Hedge funds and other institutional investors own 87.84% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. DA Davidson boosted their price objective on Valmont Industries from $340.00 to $380.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. StockNews.com raised Valmont Industries from a “buy” rating to a “strong-buy” rating in a research note on Monday, August 12th. Finally, Stifel Nicolaus boosted their price objective on Valmont Industries from $350.00 to $360.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th.

Valmont Industries Stock Up 0.0 %

Shares of NYSE:VMI opened at $352.14 on Thursday. Valmont Industries, Inc. has a 1 year low of $202.01 and a 1 year high of $354.13. The business has a 50 day simple moving average of $313.45 and a two-hundred day simple moving average of $286.97. The firm has a market capitalization of $7.05 billion, a PE ratio of 23.97 and a beta of 1.02. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.35 and a quick ratio of 1.55.

Valmont Industries (NYSE:VMI) last announced its earnings results on Tuesday, October 22nd. The industrial products company reported $4.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.00 by $0.11. Valmont Industries had a return on equity of 23.10% and a net margin of 7.38%. The business had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.02 billion. During the same quarter in the previous year, the business earned $4.12 earnings per share. The company’s revenue for the quarter was down 2.9% compared to the same quarter last year. On average, equities analysts predict that Valmont Industries, Inc. will post 16.86 EPS for the current year.

Valmont Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Friday, December 27th will be given a dividend of $0.60 per share. The ex-dividend date is Friday, December 27th. This represents a $2.40 annualized dividend and a dividend yield of 0.68%. Valmont Industries’s dividend payout ratio (DPR) is presently 16.30%.

Insider Buying and Selling at Valmont Industries

In related news, VP R Andrew Massey sold 3,977 shares of the business’s stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $315.00, for a total value of $1,252,755.00. Following the completion of the sale, the vice president now owns 9,408 shares in the company, valued at approximately $2,963,520. The trade was a 29.71 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Daas Kaj Den sold 1,000 shares of the business’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 value of $338,780.00. Following the completion of the sale, the director now owns 8,644 shares of the company’s stock, valued at $2,928,414.32. The trade was a 10.37 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 21,977 shares of company stock worth $6,971,695 over the last 90 days. Company insiders own 1.90% of the company’s stock.

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.