Moran Wealth Management LLC Sells 143 Shares of Valmont Industries, Inc. (NYSE:VMI)

Moran Wealth Management LLC lowered its position in shares of Valmont Industries, Inc. (NYSE:VMI) by 0.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,145 shares of the industrial products company’s stock after selling 143 shares during the period. Moran Wealth Management LLC owned approximately 0.10% of Valmont Industries worth $6,178,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in VMI. Axxcess Wealth Management LLC bought a new stake in shares of Valmont Industries during the third quarter valued at approximately $392,000. Crossmark Global Holdings Inc. increased its position in shares of Valmont Industries by 33.4% during the third quarter. Crossmark Global Holdings Inc. now owns 1,578 shares of the industrial products company’s stock valued at $457,000 after acquiring an additional 395 shares in the last quarter. Entropy Technologies LP purchased a new stake in Valmont Industries in the third quarter worth approximately $238,000. WealthPlan Investment Management LLC raised its stake in Valmont Industries by 1.1% during the 3rd quarter. WealthPlan Investment Management LLC now owns 24,392 shares of the industrial products company’s stock valued at $7,072,000 after buying an additional 266 shares during the last quarter. Finally, Victory Capital Management Inc. raised its stake in Valmont Industries by 2.9% during the 3rd quarter. Victory Capital Management Inc. now owns 4,884 shares of the industrial products company’s stock valued at $1,416,000 after buying an additional 139 shares during the last quarter. Institutional investors own 87.84% of the company’s stock.

Analysts Set New Price Targets

VMI has been the subject of a number of research reports. Stifel Nicolaus boosted their target price on shares of Valmont Industries from $387.00 to $425.00 and gave the company a “buy” rating in a research note on Wednesday, February 19th. StockNews.com lowered shares of Valmont Industries from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, February 19th. Finally, DA Davidson lowered shares of Valmont Industries from a “buy” rating to a “neutral” rating and set a $380.00 target price for the company. in a research note on Wednesday, February 19th.

Valmont Industries Trading Down 3.0 %

Shares of VMI stock opened at $317.99 on Tuesday. Valmont Industries, Inc. has a 1 year low of $202.01 and a 1 year high of $379.22. The firm has a fifty day moving average price of $329.64 and a 200-day moving average price of $317.01. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.07 and a quick ratio of 1.55. The company has a market cap of $6.37 billion, a price-to-earnings ratio of 18.51 and a beta of 0.98.

Valmont Industries (NYSE:VMI) last issued its quarterly earnings data on Tuesday, February 18th. The industrial products company reported $3.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.63 by $0.21. The firm had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.01 billion. Valmont Industries had a net margin of 8.55% and a return on equity of 23.15%. During the same quarter in the previous year, the firm posted $3.18 EPS. As a group, equities analysts predict that Valmont Industries, Inc. will post 18.07 earnings per share for the current year.

Valmont Industries Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Friday, March 28th will be paid a $0.68 dividend. The ex-dividend date of this dividend is Friday, March 28th. This represents a $2.72 annualized dividend and a yield of 0.86%. This is a boost from Valmont Industries’s previous quarterly dividend of $0.60. Valmont Industries’s payout ratio is presently 15.83%.

Valmont Industries Company Profile

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.