Janney Montgomery Scott LLC Buys 88 Shares of Valmont Industries, Inc. (NYSE:VMI)

Janney Montgomery Scott LLC increased its holdings in Valmont Industries, Inc. (NYSE:VMI – Get Rating) by 5.0% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 1,845 shares of the industrial products company’s stock after buying an additional 88 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Valmont Industries were worth $496,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. BlackRock Inc. increased its holdings in Valmont Industries by 2.0% in the 1st quarter. BlackRock Inc. now owns 1,731,432 shares of the industrial products company’s stock worth $413,120,000 after buying an additional 33,219 shares in the last quarter. FMR LLC boosted its position in Valmont Industries by 4.5% in the second quarter. FMR LLC now owns 1,271,772 shares of the industrial products company’s stock worth $285,679,000 after purchasing an additional 54,291 shares during the last quarter. State Street Corp boosted its position in Valmont Industries by 1.9% in the second quarter. State Street Corp now owns 607,128 shares of the industrial products company’s stock worth $136,713,000 after purchasing an additional 11,117 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in Valmont Industries by 3.4% in the second quarter. Price T Rowe Associates Inc. MD now owns 413,963 shares of the industrial products company’s stock worth $92,989,000 after purchasing an additional 13,748 shares during the last quarter. Finally, Artemis Investment Management LLP boosted its position in Valmont Industries by 0.8% in the third quarter. Artemis Investment Management LLP now owns 334,682 shares of the industrial products company’s stock worth $90,087,000 after purchasing an additional 2,727 shares during the last quarter. 87.84% of the stock is currently owned by institutional investors.

Valmont Industries Stock Up 2.2 %

VMI stock opened at $326.09 on Monday. Valmont Industries, Inc. has a twelve month low of $203.30 and a twelve month high of $353.36. The company has a quick ratio of 1.27, a current ratio of 2.13 and a debt-to-equity ratio of 0.59. The stock has a market cap of $6.96 billion, a P/E ratio of 29.59, a PEG ratio of 1.77 and a beta of 1.09. The business’s 50-day moving average price is $330.71 and its 200-day moving average price is $296.37.

Valmont Industries (NYSE:VMI – Get Rating) last posted its quarterly earnings data on Wednesday, October 26th. The industrial products company reported $3.49 earnings per share for the quarter, beating analysts’ consensus estimates of $3.46 by $0.03. Valmont Industries had a return on equity of 18.36% and a net margin of 5.68%. The firm had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.05 billion. On average, equities research analysts forecast that Valmont Industries, Inc. will post 13.5 EPS for the current year.

Valmont Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 17th. Investors of record on Friday, December 30th were issued a $0.55 dividend. The ex-dividend date was Thursday, December 29th. This represents a $2.20 dividend on an annualized basis and a yield of 0.67%. Valmont Industries’s dividend payout ratio is presently 19.96%.

Insider Buying and Selling

In related news, CEO Stephen G. Kaniewski sold 7,290 shares of the business’s stock in a transaction that occurred on Tuesday, November 29th. The stock was sold at an average price of $327.90, for a total value of $2,390,391.00. Following the transaction, the chief executive officer now directly owns 52,505 shares of the company’s stock, valued at approximately $17,216,389.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, EVP Aaron M. Schapper sold 1,951 shares of the business’s stock in a transaction that occurred on Friday, November 18th. The stock was sold at an average price of $325.90, for a total value of $635,830.90. Following the transaction, the executive vice president now directly owns 9,683 shares of the company’s stock, valued at approximately $3,155,689.70. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Stephen G. Kaniewski sold 7,290 shares of the business’s stock in a transaction that occurred on Tuesday, November 29th. The stock was sold at an average price of $327.90, for a total value of $2,390,391.00. Following the completion of the transaction, the chief executive officer now directly owns 52,505 shares in the company, valued at $17,216,389.50. The disclosure for this sale can be found here. In the last three months, insiders have sold 9,969 shares of company stock valued at $3,261,890. Corporate insiders own 2.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on VMI. StockNews.com raised Valmont Industries from a “hold” rating to a “buy” rating in a research report on Wednesday, November 23rd. Stifel Nicolaus raised their target price on Valmont Industries from $385.00 to $389.00 and gave the stock a “buy” rating in a research report on Friday. Finally, DA Davidson raised their target price on Valmont Industries to $310.00 in a research report on Tuesday, November 1st. Four research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $324.00.

Valmont Industries Company Profile

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Valmont Industries, Inc engages in the designing and manufacturing of engineered fabricated metal products and service. It operates through the following four segments: Engineered Support Structures, Utility Support Structures, Irrigation, and Coatings. The Engineered Support Structures segment produces engineered access systems, highway safety products, and integrated structure solutions for smart cities.