WealthPlan Investment Management LLC Raises Stock Holdings in Valmont Industries, Inc. (NYSE:VMI)

WealthPlan Investment Management LLC boosted its holdings in shares of Valmont Industries, Inc. (NYSE:VMI) by 1.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 24,392 shares of the industrial products company’s stock after purchasing an additional 266 shares during the quarter. WealthPlan Investment Management LLC’s holdings in Valmont Industries were worth $7,072,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Dimensional Fund Advisors LP lifted its position in shares of Valmont Industries by 3.5% in the second quarter. Dimensional Fund Advisors LP now owns 418,722 shares of the industrial products company’s stock valued at $114,919,000 after acquiring an additional 14,168 shares in the last quarter. Earnest Partners LLC purchased a new position in shares of Valmont Industries in the second quarter valued at approximately $91,878,000. Copeland Capital Management LLC lifted its position in shares of Valmont Industries by 0.9% in the third quarter. Copeland Capital Management LLC now owns 307,338 shares of the industrial products company’s stock valued at $89,113,000 after acquiring an additional 2,869 shares in the last quarter. Bank of New York Mellon Corp lifted 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 in the last quarter. Finally, Sei Investments Co. lifted its position 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. Hedge funds and other institutional investors own 87.84% of the company’s stock.

Insiders Place Their Bets

In other Valmont Industries news, Director Mogens C. Bay sold 17,000 shares of the firm’s stock in a transaction on Friday, October 25th. The stock was sold at an average price of $316.48, for a total transaction of $5,380,160.00. Following the completion of the sale, the director now owns 154,730 shares of the company’s stock, valued at $48,968,950.40. This trade represents a 0.00 % 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. In other news, VP R Andrew Massey sold 3,977 shares of the firm’s 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 completion of the transaction, the vice president now directly owns 9,408 shares in the company, valued at $2,963,520. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Mogens C. Bay sold 17,000 shares of the firm’s stock in a transaction on Friday, October 25th. The stock was sold at an average price of $316.48, for a total value of $5,380,160.00. Following the transaction, the director now owns 154,730 shares of the company’s stock, valued at approximately $48,968,950.40. This 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 owned by insiders.

Analysts Set New Price Targets

VMI has been the topic of several research reports. Stifel Nicolaus raised their target price on Valmont Industries from $350.00 to $360.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. StockNews.com raised Valmont Industries from a “buy” rating to a “strong-buy” rating in a report on Monday, August 12th. Finally, DA Davidson increased their price target on Valmont Industries from $340.00 to $380.00 and gave the company a “buy” rating in a report on Thursday, October 24th.

Valmont Industries Price Performance

NYSE:VMI opened at $348.17 on Tuesday. Valmont Industries, Inc. has a one year low of $199.24 and a one year 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. The stock has a market cap of $6.98 billion, a PE ratio of 23.65 and a beta of 1.02. The stock has a 50 day moving average price of $297.81 and a 200 day moving average price of $278.65.

Valmont Industries (NYSE:VMI) last posted its earnings results on Tuesday, October 22nd. The industrial products company reported $4.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.00 by $0.11. The company had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $1.02 billion. Valmont Industries had a return on equity of 23.10% and a net margin of 7.38%. The firm’s quarterly revenue was down 2.9% compared to the same quarter last year. During the same quarter last year, the firm earned $4.12 earnings per share. Equities research analysts expect that Valmont Industries, Inc. will post 16.84 EPS for the current fiscal year.

Valmont Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Friday, December 27th will be paid a dividend of $0.60 per share. The ex-dividend date of this dividend is Friday, December 27th. This represents a $2.40 annualized dividend and a yield of 0.69%. Valmont Industries’s dividend payout ratio (DPR) is 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.