Moran Wealth Management LLC Has $5.88 Million Stock Holdings in Valmont Industries, Inc. (NYSE:VMI)

Moran Wealth Management LLC lifted its position in Valmont Industries, Inc. (NYSE:VMI) by 1.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 20,288 shares of the industrial products company’s stock after buying an additional 290 shares during the quarter. Moran Wealth Management LLC’s holdings in Valmont Industries were worth $5,883,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. US Bancorp DE boosted its holdings in Valmont Industries by 38.8% during the first quarter. US Bancorp DE now owns 2,631 shares of the industrial products company’s stock valued at $601,000 after acquiring an additional 736 shares during the period. Seven Eight Capital LP acquired a new stake in Valmont Industries in the 1st quarter valued at approximately $636,000. CANADA LIFE ASSURANCE Co grew its holdings in Valmont Industries by 0.5% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 14,190 shares of the industrial products company’s stock valued at $3,240,000 after buying an additional 67 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new position in Valmont Industries in the 1st quarter worth approximately $122,000. Finally, Tidal Investments LLC lifted its holdings in shares of Valmont Industries by 8.6% during the first quarter. Tidal Investments LLC now owns 3,186 shares of the industrial products company’s stock worth $727,000 after buying an additional 253 shares during the last quarter. 87.84% of the stock is owned by institutional investors.

Valmont Industries Price Performance

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

Valmont Industries (NYSE:VMI) last released 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 company had revenue of $1.02 billion for 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% compared to the same quarter last year. During the same period in the prior year, the company posted $4.12 EPS. As a group, research analysts expect that Valmont Industries, Inc. will post 16.86 EPS 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. Shareholders of record on Friday, December 27th will be issued a dividend of $0.60 per share. The ex-dividend date of this dividend is Friday, December 27th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.71%. Valmont Industries’s payout ratio is presently 16.30%.

Insider Transactions at Valmont Industries

In other news, VP R Andrew Massey sold 3,977 shares of the business’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 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 29.71 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Daas Kaj Den sold 1,000 shares of the firm’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $338.78, for a total value of $338,780.00. Following the sale, the director now directly owns 8,644 shares of the company’s stock, valued at $2,928,414.32. This represents a 10.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 21,977 shares of company stock valued at $6,971,695. 2.00% of the stock is owned by insiders.

Wall Street Analyst Weigh In

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

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.