Envestnet Asset Management Inc. Has $14.84 Million Stock Position in Valmont Industries, Inc. (NYSE:VMI)

Envestnet Asset Management Inc. boosted its stake in Valmont Industries, Inc. (NYSE:VMI) by 32.7% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 54,057 shares of the industrial products company’s stock after buying an additional 13,311 shares during the period. Envestnet Asset Management Inc. owned approximately 0.27% of Valmont Industries worth $14,836,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. WealthPlan Investment Management LLC grew its position in shares of Valmont Industries by 0.3% during the 1st quarter. WealthPlan Investment Management LLC now owns 24,091 shares of the industrial products company’s stock worth $5,500,000 after purchasing an additional 63 shares in the last quarter. CANADA LIFE ASSURANCE Co grew its position in shares of Valmont Industries by 0.5% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 14,190 shares of the industrial products company’s stock worth $3,240,000 after purchasing an additional 67 shares in the last quarter. Commonwealth Equity Services LLC grew its position in shares of Valmont Industries by 1.4% during the 2nd quarter. Commonwealth Equity Services LLC now owns 5,087 shares of the industrial products company’s stock worth $1,396,000 after purchasing an additional 70 shares in the last quarter. Nicollet Investment Management Inc. grew its position in shares of Valmont Industries by 1.4% during the 1st quarter. Nicollet Investment Management Inc. now owns 5,054 shares of the industrial products company’s stock worth $1,154,000 after purchasing an additional 71 shares in the last quarter. Finally, Treasurer of the State of North Carolina boosted its position in shares of Valmont Industries by 1.0% during the 4th quarter. Treasurer of the State of North Carolina now owns 9,200 shares of the industrial products company’s stock worth $2,148,000 after acquiring an additional 90 shares in the last quarter. Institutional investors and hedge funds own 87.84% of the company’s stock.

Valmont Industries Price Performance

VMI stock opened at $286.52 on Wednesday. The company has a fifty day moving average price of $281.90 and a 200-day moving average price of $257.00. The company has a market capitalization of $5.79 billion, a P/E ratio of 37.75 and a beta of 1.03. Valmont Industries, Inc. has a 52-week low of $188.63 and a 52-week high of $307.67. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.63 and a current ratio of 2.53.

Valmont Industries (NYSE:VMI) last released its quarterly earnings results on Wednesday, July 24th. The industrial products company reported $4.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.04 by $0.72. The firm had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.06 billion. Valmont Industries had a net margin of 4.09% and a return on equity of 23.30%. As a group, equities analysts expect that Valmont Industries, Inc. will post 16.76 EPS for the current year.

Valmont Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Friday, September 27th will be given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 0.84%. The ex-dividend date is Friday, September 27th. Valmont Industries’s dividend payout ratio (DPR) is presently 31.62%.

Analyst Upgrades and Downgrades

VMI has been the topic of several analyst reports. StockNews.com upgraded shares of Valmont Industries from a “buy” rating to a “strong-buy” rating in a research report on Monday, August 12th. DA Davidson increased their price target on shares of Valmont Industries from $300.00 to $340.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Finally, Stifel Nicolaus increased their price target on shares of Valmont Industries from $285.00 to $325.00 and gave the stock a “buy” rating in a research report on Thursday, July 18th. One analyst has rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $332.50.

Insider Transactions at Valmont Industries

In other news, CFO Timothy P. Francis sold 2,300 shares of the stock in a transaction on Tuesday, July 30th. The shares were sold at an average price of $298.49, for a total transaction of $686,527.00. Following the completion of the sale, the chief financial officer now directly owns 9,471 shares in the company, valued at $2,826,998.79. The transaction was disclosed in a filing with the SEC, which is available at this link. In other news, CFO Timothy P. Francis sold 2,300 shares of the stock in a transaction on Tuesday, July 30th. The shares were sold at an average price of $298.49, for a total transaction of $686,527.00. Following the completion of the sale, the chief financial officer now directly owns 9,471 shares in the company, valued at $2,826,998.79. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Theodor Werner Freye sold 1,600 shares of the stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $300.12, for a total transaction of $480,192.00. Following the sale, the director now owns 3,685 shares of the company’s stock, valued at $1,105,942.20. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by corporate insiders.

Valmont Industries 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.