Valmont Industries, Inc. (NYSE:VMI) Stock Position Raised by Savvy Advisors Inc.

Savvy Advisors Inc. lifted its holdings in shares of Valmont Industries, Inc. (NYSE:VMI) by 11.5% in the first quarter, Holdings Channel.com reports. The institutional investor owned 832 shares of the industrial products company’s stock after purchasing an additional 86 shares during the quarter. Savvy Advisors Inc.’s holdings in Valmont Industries were worth $237,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of VMI. Quarry LP grew its position in shares of Valmont Industries by 395.1% during the 4th quarter. Quarry LP now owns 203 shares of the industrial products company’s stock valued at $62,000 after buying an additional 162 shares during the last quarter. GAMMA Investing LLC grew its position in Valmont Industries by 82.3% in the 1st quarter. GAMMA Investing LLC now owns 226 shares of the industrial products company’s stock worth $64,000 after purchasing an additional 102 shares during the last quarter. Signaturefd LLC grew its position in Valmont Industries by 23.9% in the 1st quarter. Signaturefd LLC now owns 270 shares of the industrial products company’s stock worth $77,000 after purchasing an additional 52 shares during the last quarter. New Age Alpha Advisors LLC bought a new position in Valmont Industries in the 1st quarter worth about $82,000. Finally, Meeder Asset Management Inc. bought a new position in Valmont Industries in the 1st quarter worth about $90,000. Institutional investors own 87.84% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on VMI. Wall Street Zen cut shares of Valmont Industries from a “buy” rating to a “hold” rating in a research report on Sunday, August 3rd. William Blair upgraded shares of Valmont Industries from a “market perform” rating to an “outperform” rating in a research report on Wednesday, April 23rd. Stifel Nicolaus upped their target price on shares of Valmont Industries from $345.00 to $382.00 and gave the stock a “buy” rating in a research report on Monday, July 21st. Finally, DA Davidson upped their target price on shares of Valmont Industries from $380.00 to $400.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 23rd.

Insiders Place Their Bets

In related news, CAO Timothy P. Francis sold 2,867 shares of the firm’s stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $358.52, for a total transaction of $1,027,876.84. Following the completion of the sale, the chief accounting officer directly owned 9,746 shares in the company, valued at approximately $3,494,135.92. This trade represents a 22.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 1.50% of the company’s stock.

Valmont Industries Trading Up 0.1%

Valmont Industries stock opened at $368.50 on Monday. The firm has a 50 day simple moving average of $338.57 and a 200-day simple moving average of $321.69. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.15 and a quick ratio of 1.44. The stock has a market capitalization of $7.27 billion, a PE ratio of 34.31 and a beta of 1.12. Valmont Industries, Inc. has a 12-month low of $250.07 and a 12-month high of $379.22.

Valmont Industries (NYSE:VMI) last posted its quarterly earnings data on Tuesday, July 22nd. The industrial products company reported $4.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.78 by $0.10. The business had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.03 billion. Valmont Industries had a net margin of 5.98% and a return on equity of 22.10%. The business’s revenue was up 1.0% on a year-over-year basis. During the same period last year, the firm posted $4.91 earnings per share. As a group, equities research analysts expect that Valmont Industries, Inc. will post 18.07 EPS for the current fiscal year.

Valmont Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Friday, September 26th will be issued a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Friday, September 26th. Valmont Industries’s dividend payout ratio (DPR) is presently 25.33%.

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.