Valmont Industries, Inc. (NYSE:VMI) CAO Sells $1,027,876.84 in 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 Valmont Industries stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $358.52, for a total value of $1,027,876.84. Following the completion of the sale, the chief accounting officer owned 9,746 shares in the company, valued at approximately $3,494,135.92. This trade represents a 22.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Valmont Industries Stock Performance

VMI traded down $0.24 on Thursday, reaching $368.04. The company had a trading volume of 75,846 shares, compared to its average volume of 160,053. The company's fifty day moving average is $336.58 and its 200 day moving average is $321.57. Valmont Industries, Inc. has a fifty-two week low of $250.07 and a fifty-two week high of $379.22. The stock has a market cap of $7.26 billion, a P/E ratio of 34.27 and a beta of 1.12. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.44 and a current ratio of 2.15.

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

Valmont Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Friday, September 26th will be given a dividend of $0.68 per share. 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 (DPR) is 25.33%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. William Blair raised Valmont Industries from a "market perform" rating to an "outperform" rating in a research report on Wednesday, April 23rd. Wall Street Zen downgraded Valmont Industries from a "buy" rating to a "hold" rating in a research note on Sunday. DA Davidson boosted 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. Finally, Stifel Nicolaus upped their target price on Valmont Industries from $345.00 to $382.00 and gave the stock a "buy" rating in a research report on Monday, July 21st.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. WPG Advisers LLC bought a new position in shares of Valmont Industries in the first quarter worth about $27,000. Smartleaf Asset Management LLC grew its stake in shares of Valmont Industries by 87.7% during the 1st quarter. Smartleaf Asset Management LLC now owns 107 shares of the industrial products company's stock worth $31,000 after purchasing an additional 50 shares during the period. Parkside Financial Bank & Trust grew its stake in Valmont Industries by 93.9% in the 2nd quarter. Parkside Financial Bank & Trust now owns 128 shares of the industrial products company's stock valued at $42,000 after acquiring an additional 62 shares during the period. Ameritas Advisory Services LLC acquired a new stake in Valmont Industries in the 2nd quarter valued at $46,000. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new position in Valmont Industries in the 2nd quarter valued at $47,000. 87.84% of the stock is owned by hedge funds and other institutional investors.

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.