Timothy P. Francis Sells 2,867 Shares of Valmont Industries, Inc. (NYSE:VMI) Stock

Key Points

• Timothy P. Francis, Chief Accounting Officer at Valmont Industries, sold 2,867 shares at an average price of $358.52, totaling approximately $1.03 million, reducing his ownership by 22.73%.
• Valmont Industries reported a quarterly earnings per share of $4.88, beating estimates and showing a 1.0% increase in revenue year-over-year, reaching $1.05 billion in total revenue.
• The company declared a quarterly dividend of $0.68 per share, with an annualized yield of 0.7%, and a payout ratio of 25.33%.

Valmont Industries, Inc. (NYSE:VMI - Get Free Report) CAO Timothy P. Francis sold 2,867 shares of the stock in a transaction on Friday, August 1st. The stock was sold at an average price of $358.52, for a total value of $1,027,876.84. Following the sale, the chief accounting officer owned 9,746 shares in the company, valued at approximately $3,494,135.92. This represents a 22.73% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Valmont Industries Price Performance

Shares of VMI stock traded up $0.49 on Friday, reaching $368.50. The company's stock had a trading volume of 139,418 shares, compared to its average volume of 168,605. The company has a quick ratio of 1.44, a current ratio of 2.15 and a debt-to-equity ratio of 0.48. Valmont Industries, Inc. has a 12-month low of $250.07 and a 12-month high of $379.22. The company has a market capitalization of $7.27 billion, a P/E ratio of 34.31 and a beta of 1.12. The stock's 50 day simple moving average is $338.57 and its 200-day simple moving average is $321.83.

Valmont Industries (NYSE:VMI - Get Free Report) last released its earnings results on Tuesday, July 22nd. The industrial products company reported $4.88 EPS for the quarter, beating analysts' consensus estimates of $4.78 by $0.10. The business had revenue of $1.05 billion for the quarter, compared to analysts' expectations of $1.03 billion. Valmont Industries had a return on equity of 22.10% and a net margin of 5.98%. The firm's revenue was up 1.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $4.91 earnings per share. As a group, equities analysts predict that Valmont Industries, Inc. will post 18.07 earnings per share for the current fiscal year.

Valmont Industries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Friday, September 26th will be paid a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Friday, September 26th. Valmont Industries's dividend payout ratio is currently 25.33%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in VMI. Intech Investment Management LLC lifted its stake in shares of Valmont Industries by 91.0% in the 2nd quarter. Intech Investment Management LLC now owns 10,997 shares of the industrial products company's stock valued at $3,591,000 after acquiring an additional 5,238 shares during the last quarter. Cetera Investment Advisers lifted its stake in shares of Valmont Industries by 2.2% in the 2nd quarter. Cetera Investment Advisers now owns 8,398 shares of the industrial products company's stock valued at $2,743,000 after acquiring an additional 179 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in shares of Valmont Industries by 7.7% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 5,157 shares of the industrial products company's stock valued at $1,684,000 after acquiring an additional 368 shares during the last quarter. Allianz SE bought a new stake in shares of Valmont Industries in the 2nd quarter valued at about $295,000. Finally, Impax Asset Management Group plc lifted its stake in shares of Valmont Industries by 0.8% in the 2nd quarter. Impax Asset Management Group plc now owns 313,588 shares of the industrial products company's stock valued at $102,408,000 after acquiring an additional 2,500 shares during the last quarter. Institutional investors own 87.84% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on VMI shares. Wall Street Zen downgraded Valmont Industries from a "buy" rating to a "hold" rating in a research report on Sunday, August 3rd. DA Davidson increased their price objective on Valmont Industries from $380.00 to $400.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 23rd. Stifel Nicolaus increased their price objective on Valmont Industries from $345.00 to $382.00 and gave the stock a "buy" rating in a research report on Monday, July 21st. Finally, William Blair upgraded Valmont Industries from a "market perform" rating to an "outperform" rating in a research report on Wednesday, April 23rd.

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.