Inscription Capital LLC Purchases 1,231 Shares of Valmont Industries, Inc. $VMI

Inscription Capital LLC boosted its holdings in shares of Valmont Industries, Inc. (NYSE:VMI) by 90.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,596 shares of the industrial products company’s stock after acquiring an additional 1,231 shares during the period. Inscription Capital LLC’s holdings in Valmont Industries were worth $1,007,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Franklin Resources Inc. lifted its holdings in shares of Valmont Industries by 2.7% during the 2nd quarter. Franklin Resources Inc. now owns 525,890 shares of the industrial products company’s stock valued at $171,740,000 after purchasing an additional 13,578 shares in the last quarter. Invesco Ltd. increased its stake in Valmont Industries by 83.5% during the 2nd quarter. Invesco Ltd. now owns 390,615 shares of the industrial products company’s stock worth $127,563,000 after purchasing an additional 177,749 shares in the last quarter. Geode Capital Management LLC raised its holdings in Valmont Industries by 0.4% during the 2nd quarter. Geode Capital Management LLC now owns 354,241 shares of the industrial products company’s stock worth $115,704,000 after buying an additional 1,321 shares during the period. Impax Asset Management Group plc lifted its stake in Valmont Industries by 0.8% in the second quarter. Impax Asset Management Group plc now owns 313,588 shares of the industrial products company’s stock valued at $102,408,000 after buying an additional 2,500 shares in the last quarter. Finally, Sei Investments Co. boosted its holdings in shares of Valmont Industries by 2.2% in the second quarter. Sei Investments Co. now owns 282,233 shares of the industrial products company’s stock valued at $92,170,000 after buying an additional 6,163 shares during the period. 87.84% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on VMI shares. JPMorgan Chase & Co. started coverage on shares of Valmont Industries in a report on Friday, September 26th. They set an “overweight” rating and a $480.00 price objective on the stock. Weiss Ratings reiterated a “hold (c+)” rating on shares of Valmont Industries in a report on Monday, December 29th. Stifel Nicolaus lifted their price target on Valmont Industries from $475.00 to $491.00 and gave the company a “buy” rating in a research note on Tuesday, December 16th. Wall Street Zen raised Valmont Industries from a “hold” rating to a “buy” rating in a research report on Sunday, October 19th. Finally, DA Davidson increased their price objective on Valmont Industries from $400.00 to $415.00 and gave the stock a “neutral” rating in a report on Wednesday, October 22nd. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $462.00.

Valmont Industries Trading Down 2.3%

Valmont Industries stock opened at $433.25 on Wednesday. The company has a market cap of $8.53 billion, a price-to-earnings ratio of 37.32 and a beta of 1.20. The firm has a 50-day moving average of $413.33 and a 200-day moving average of $390.74. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.26 and a quick ratio of 1.50. Valmont Industries, Inc. has a one year low of $250.07 and a one year high of $447.07.

Valmont Industries (NYSE:VMI) last released its earnings results on Tuesday, October 21st. The industrial products company reported $4.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.64 by $0.34. Valmont Industries had a return on equity of 22.92% and a net margin of 6.33%.The business had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same quarter in the prior year, the company posted $4.11 earnings per share. Valmont Industries’s revenue was up 2.5% on a year-over-year basis. On average, equities analysts expect that Valmont Industries, Inc. will post 18.07 earnings per share for the current fiscal year.

Valmont Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Friday, December 26th were paid a dividend of $0.68 per share. The ex-dividend date was Friday, December 26th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 0.6%. Valmont Industries’s dividend payout ratio is currently 23.43%.

Insider Activity

In other news, insider James Christopher Colwell sold 375 shares of the stock in a transaction that occurred on Thursday, October 23rd. The stock was sold at an average price of $410.68, for a total value of $154,005.00. Following the completion of the sale, the insider owned 7,286 shares of the company’s stock, valued at approximately $2,992,214.48. This represents a 4.89% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.50% of the stock is currently owned by corporate insiders.

Valmont Industries Company Profile

Valmont Industries, Inc (NYSE: VMI) is a diversified industrial manufacturer specializing in infrastructure and agricultural products. Headquartered in Omaha, Nebraska, the company engages in the design, production and distribution of engineered products that support water management, power transmission, lighting and traffic infrastructure. Valmont’s solutions range from center-pivot and lateral-move irrigation systems to utility poles, transmission towers, lighting structures and highway traffic signal support structures.

The company operates through several core business segments.