Valmont Industries, Inc. (NYSE:VMI) Shares Bought by Moran Wealth Management LLC

Moran Wealth Management LLC increased its stake in Valmont Industries, Inc. (NYSE:VMI) by 1.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,288 shares of the industrial products company’s stock after acquiring an additional 290 shares during the period. Moran Wealth Management LLC owned approximately 0.10% of Valmont Industries worth $5,883,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in VMI. First Horizon Advisors Inc. increased its position in shares of Valmont Industries by 12.5% during the 3rd quarter. First Horizon Advisors Inc. now owns 279 shares of the industrial products company’s stock valued at $81,000 after purchasing an additional 31 shares during the period. Global Alpha Capital Management Ltd. boosted its stake in Valmont Industries by 69.9% during the third quarter. Global Alpha Capital Management Ltd. now owns 7,287 shares of the industrial products company’s stock valued at $2,113,000 after buying an additional 2,997 shares in the last quarter. Segall Bryant & Hamill LLC grew its holdings in Valmont Industries by 9.6% during the third quarter. Segall Bryant & Hamill LLC now owns 288,633 shares of the industrial products company’s stock worth $83,689,000 after acquiring an additional 25,237 shares during the period. Banque Cantonale Vaudoise raised its position in Valmont Industries by 7.3% in the third quarter. Banque Cantonale Vaudoise now owns 1,952 shares of the industrial products company’s stock worth $566,000 after acquiring an additional 132 shares in the last quarter. Finally, Quest Partners LLC lifted its holdings in Valmont Industries by 366.9% in the 3rd quarter. Quest Partners LLC now owns 3,100 shares of the industrial products company’s stock valued at $899,000 after acquiring an additional 2,436 shares during the last quarter. Institutional investors and hedge funds own 87.84% of the company’s stock.

Insider Buying and Selling at Valmont Industries

In other Valmont Industries news, Director Mogens C. Bay sold 17,000 shares of Valmont Industries stock in a transaction that occurred 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 completion of the sale, the director now directly owns 154,730 shares in the company, valued at $48,968,950.40. The trade was a 9.90 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP R Andrew Massey sold 3,977 shares of the 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 transaction, the vice president now owns 9,408 shares in the company, valued at approximately $2,963,520. This trade represents a 29.71 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 21,977 shares of company stock valued at $6,971,695 in the last quarter. Company insiders own 2.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on VMI. StockNews.com raised shares of Valmont Industries from a “buy” rating to a “strong-buy” rating in a research note on Monday, August 12th. Stifel Nicolaus increased their price objective on Valmont Industries from $350.00 to $360.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Finally, DA Davidson raised 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.

Valmont Industries Stock Performance

Valmont Industries stock opened at $339.97 on Thursday. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.35 and a quick ratio of 1.55. The company has a market cap of $6.81 billion, a P/E ratio of 23.10 and a beta of 1.02. Valmont Industries, Inc. has a fifty-two week low of $202.01 and a fifty-two week high of $352.57. The firm’s 50 day simple moving average is $307.85 and its 200-day simple moving average is $284.13.

Valmont Industries (NYSE:VMI) last released its earnings results on Tuesday, October 22nd. The industrial products company reported $4.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.00 by $0.11. The company 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 for the quarter was down 2.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.12 earnings per share. As a group, equities research analysts predict that Valmont Industries, Inc. will post 16.86 EPS for the current year.

Valmont Industries Announces Dividend

The business 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 $0.60 dividend. The ex-dividend date is Friday, December 27th. This represents a $2.40 dividend on an annualized basis and a yield of 0.71%. Valmont Industries’s payout ratio 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.