Steward Partners Investment Advisory LLC Sells 110 Shares of Valmont Industries, Inc. (NYSE:VMI)

Steward Partners Investment Advisory LLC cut its holdings in Valmont Industries, Inc. (NYSE:VMIGet Rating) by 10.9% in the 1st quarter, Holdings Channel reports. The institutional investor owned 900 shares of the industrial products company’s stock after selling 110 shares during the period. Steward Partners Investment Advisory LLC’s holdings in Valmont Industries were worth $215,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. CWM LLC bought a new position in Valmont Industries in the 4th quarter worth approximately $26,000. Pinebridge Investments L.P. bought a new position in Valmont Industries in the 4th quarter worth approximately $50,000. Van ECK Associates Corp bought a new position in Valmont Industries in the 4th quarter worth approximately $51,000. Point72 Hong Kong Ltd bought a new position in Valmont Industries in the 4th quarter worth approximately $166,000. Finally, Gotham Asset Management LLC bought a new position in Valmont Industries in the 4th quarter worth approximately $205,000. 87.29% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

VMI has been the subject of several analyst reports. Roth Capital initiated coverage on shares of Valmont Industries in a report on Friday, June 3rd. They issued a “buy” rating and a $297.00 price objective for the company. Northcoast Research began coverage on shares of Valmont Industries in a report on Friday, July 15th. They issued a “buy” rating and a $300.00 price target for the company. DA Davidson raised their price target on shares of Valmont Industries from $235.00 to $260.00 in a report on Friday, April 22nd. TheStreet downgraded shares of Valmont Industries from a “b” rating to a “c+” rating in a report on Wednesday, July 13th. Finally, Stifel Nicolaus cut their price target on shares of Valmont Industries from $300.00 to $267.00 in a report on Monday, July 18th.

Insider Activity

In other news, CEO Stephen G. Kaniewski sold 17,540 shares of the firm’s stock in a transaction on Tuesday, May 17th. The shares were sold at an average price of $248.78, for a total transaction of $4,363,601.20. Following the sale, the chief executive officer now owns 43,844 shares in the company, valued at approximately $10,907,510.32. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, CEO Stephen G. Kaniewski sold 17,540 shares of Valmont Industries stock in a transaction on Tuesday, May 17th. The shares were sold at an average price of $248.78, for a total value of $4,363,601.20. Following the transaction, the chief executive officer now owns 43,844 shares in the company, valued at approximately $10,907,510.32. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Timothy P. Francis sold 2,239 shares of Valmont Industries stock in a transaction on Wednesday, May 25th. The stock was sold at an average price of $257.56, for a total transaction of $576,676.84. Following the completion of the transaction, the senior vice president now owns 6,918 shares in the company, valued at approximately $1,781,800.08. The disclosure for this sale can be found here. Corporate insiders own 2.00% of the company’s stock.

Valmont Industries Stock Performance

Valmont Industries stock opened at $271.48 on Friday. The firm’s fifty day moving average price is $239.64 and its 200-day moving average price is $235.83. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.29 and a current ratio of 2.23. The stock has a market cap of $5.79 billion, a P/E ratio of 26.93 and a beta of 1.08. Valmont Industries, Inc. has a fifty-two week low of $203.30 and a fifty-two week high of $277.00.

Valmont Industries (NYSE:VMIGet Rating) last posted its quarterly earnings data on Wednesday, July 20th. The industrial products company reported $3.70 earnings per share for the quarter, beating the consensus estimate of $3.34 by $0.36. The firm had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1 billion. Valmont Industries had a net margin of 5.49% and a return on equity of 17.71%. The business’s quarterly revenue was up 23.0% on a year-over-year basis. During the same quarter last year, the company posted $3.06 EPS. On average, equities research analysts expect that Valmont Industries, Inc. will post 13.86 earnings per share for the current fiscal year.

Valmont Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Stockholders of record on Friday, September 23rd will be given a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 0.81%. The ex-dividend date is Thursday, September 22nd. Valmont Industries’s dividend payout ratio (DPR) is currently 21.83%.

About Valmont Industries

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Valmont Industries, Inc produces and sells fabricated metal products in the United States, Australia, Brazil, Denmark, and internationally. The company operates through four segments: Engineered Support Structures, Utility Support Structures, Coatings, and Irrigation. The Engineered Support Structures segment manufactures and distributes engineered metal, steel, wood, aluminum, and composite poles, towers, and components for lighting, traffic, and wireless communication markets; engineered access systems; integrated structure solutions for smart cities; and highway safety products.

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Institutional Ownership by Quarter for Valmont Industries (NYSE:VMI)

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