Wealth Enhancement Advisory Services LLC Acquires 35 Shares of Valmont Industries, Inc. (NYSE:VMI)

Wealth Enhancement Advisory Services LLC boosted its holdings in Valmont Industries, Inc. (NYSE:VMI) by 1.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,325 shares of the industrial products company’s stock after acquiring an additional 35 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Valmont Industries were worth $674,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in VMI. Dimensional Fund Advisors LP increased its stake in shares of Valmont Industries by 3.5% during the second quarter. Dimensional Fund Advisors LP now owns 418,722 shares of the industrial products company’s stock worth $114,919,000 after purchasing an additional 14,168 shares during the period. Earnest Partners LLC acquired a new stake in shares of Valmont Industries during the second quarter worth $91,878,000. Copeland Capital Management LLC lifted its holdings in shares of Valmont Industries by 0.9% during the third quarter. Copeland Capital Management LLC now owns 307,338 shares of the industrial products company’s stock worth $89,113,000 after buying an additional 2,869 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of Valmont Industries by 39.3% in the second quarter. Bank of New York Mellon Corp now owns 258,845 shares of the industrial products company’s stock valued at $71,040,000 after acquiring an additional 73,084 shares during the period. Finally, Sei Investments Co. grew its stake in shares of Valmont Industries by 794.2% in the second quarter. Sei Investments Co. now owns 198,116 shares of the industrial products company’s stock valued at $54,373,000 after acquiring an additional 175,961 shares in the last quarter. Institutional investors and hedge funds own 87.84% of the company’s stock.

Insider Activity at Valmont Industries

In other news, VP R Andrew Massey sold 3,977 shares of the business’s stock in a transaction dated 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 transaction, the vice president now directly owns 9,408 shares of the company’s stock, valued at $2,963,520. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, VP R Andrew Massey sold 3,977 shares of the company’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 transaction of $1,252,755.00. Following the transaction, 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 Securities & Exchange Commission, which is available through this link. Also, Director Mogens C. Bay sold 17,000 shares of the firm’s stock in a transaction on Friday, October 25th. The shares were sold at an average price of $316.48, for a total transaction of $5,380,160.00. Following the completion of the transaction, the director now directly owns 154,730 shares in the company, valued at $48,968,950.40. This trade 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.

Analysts Set New Price Targets

A number of analysts have issued reports on VMI shares. StockNews.com raised shares of Valmont Industries from a “buy” rating to a “strong-buy” rating in a report on Monday, August 12th. DA Davidson boosted their price target on Valmont Industries from $340.00 to $380.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Finally, Stifel Nicolaus increased 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.

Valmont Industries Price Performance

VMI stock opened at $341.58 on Friday. The company’s 50-day moving average price is $295.47 and its two-hundred day moving average price is $275.88. The firm has a market cap of $6.84 billion, a P/E ratio of 23.21 and a beta of 1.02. The company has a quick ratio of 1.55, a current ratio of 2.35 and a debt-to-equity ratio of 0.58. Valmont Industries, Inc. has a 12 month low of $192.94 and a 12 month high of $352.57.

Valmont Industries (NYSE:VMI) last announced its quarterly earnings data 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. Valmont Industries had a net margin of 7.38% and a return on equity of 23.10%. The business had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $1.02 billion. During the same period last year, the firm posted $4.12 earnings per share. The firm’s quarterly revenue was down 2.9% compared to the same quarter last year. On average, analysts anticipate that Valmont Industries, Inc. will post 16.84 earnings per share for the current fiscal year.

Valmont Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Friday, December 27th will be paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.70%. The ex-dividend date is Friday, December 27th. Valmont Industries’s dividend payout ratio is currently 16.30%.

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.