Valmont Industries, Inc. (NYSE:VMI) Stake Lifted by Diversify Wealth Management LLC

Diversify Wealth Management LLC increased its stake in shares of Valmont Industries, Inc. (NYSE:VMI) by 19.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,508 shares of the industrial products company’s stock after buying an additional 249 shares during the quarter. Diversify Wealth Management LLC’s holdings in Valmont Industries were worth $437,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in VMI. State of Michigan Retirement System grew its stake in Valmont Industries by 2.0% during the 1st quarter. State of Michigan Retirement System now owns 5,088 shares of the industrial products company’s stock worth $1,161,000 after buying an additional 100 shares during the last quarter. Norden Group LLC grew its stake in Valmont Industries by 1,353.5% during the 1st quarter. Norden Group LLC now owns 23,620 shares of the industrial products company’s stock worth $5,394,000 after buying an additional 21,995 shares during the last quarter. Van ECK Associates Corp boosted its position in Valmont Industries by 34.0% during the 1st quarter. Van ECK Associates Corp now owns 7,961 shares of the industrial products company’s stock worth $1,817,000 after acquiring an additional 2,020 shares during the period. Retirement Systems of Alabama boosted its position in Valmont Industries by 125.4% during the 1st quarter. Retirement Systems of Alabama now owns 58,982 shares of the industrial products company’s stock worth $13,464,000 after acquiring an additional 32,817 shares during the period. Finally, Diversify Advisory Services LLC acquired a new position in Valmont Industries during the 1st quarter worth $316,000. 87.84% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

VMI has been the subject of a number of analyst reports. Stifel Nicolaus boosted their price target on Valmont Industries from $350.00 to $360.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. StockNews.com upgraded Valmont Industries from a “buy” rating to a “strong-buy” rating in a research report on Monday, August 12th. Finally, DA Davidson boosted their price target on Valmont Industries from $340.00 to $380.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th.

Insider Activity

In other news, VP R Andrew Massey sold 3,977 shares of the company’s stock in a transaction on Friday, October 25th. The stock was sold at an average price of $315.00, for a total transaction of $1,252,755.00. Following the completion of the sale, the vice president now directly owns 9,408 shares of the company’s stock, valued at $2,963,520. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, VP R Andrew Massey sold 3,977 shares of the company’s stock in a transaction on Friday, October 25th. The stock was sold at an average price of $315.00, for a total transaction of $1,252,755.00. Following the completion of the sale, the vice president now directly owns 9,408 shares of the company’s stock, valued at $2,963,520. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Mogens C. Bay sold 17,000 shares of the company’s stock in a transaction on Friday, October 25th. The shares were sold at an average price of $316.48, for a total value of $5,380,160.00. Following the sale, the director now directly owns 154,730 shares of the company’s stock, valued at approximately $48,968,950.40. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by company insiders.

Valmont Industries Trading Down 1.3 %

Shares of Valmont Industries stock opened at $311.68 on Friday. The company has a quick ratio of 1.55, a current ratio of 2.35 and a debt-to-equity ratio of 0.58. The firm has a market cap of $6.29 billion, a price-to-earnings ratio of 21.17 and a beta of 1.02. The business has a fifty day simple moving average of $290.96 and a 200-day simple moving average of $271.80. Valmont Industries, Inc. has a fifty-two week low of $192.46 and a fifty-two week high of $330.97.

Valmont Industries (NYSE:VMI) last announced its quarterly earnings data on Tuesday, October 22nd. The industrial products company reported $4.11 earnings per share for the quarter, beating the consensus estimate of $4.00 by $0.11. The business had revenue of $1.02 billion during the quarter, compared to analyst estimates 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 was down 2.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $4.12 earnings per share. On average, equities analysts forecast that Valmont Industries, Inc. will post 16.84 EPS for the current fiscal year.

Valmont Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Friday, December 27th will be issued a $0.60 dividend. The ex-dividend date of this dividend is Friday, December 27th. This represents a $2.40 annualized dividend and a dividend yield of 0.77%. Valmont Industries’s dividend payout ratio (DPR) is 16.30%.

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.