Beverly Hills Private Wealth LLC Lowers Stock Holdings in Valmont Industries, Inc. $VMI

Beverly Hills Private Wealth LLC reduced its stake in Valmont Industries, Inc. (NYSE:VMI) by 9.5% during the 2nd quarter, HoldingsChannel reports. The firm owned 1,058 shares of the industrial products company’s stock after selling 111 shares during the period. Beverly Hills Private Wealth LLC’s holdings in Valmont Industries were worth $346,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Principal Financial Group Inc. grew its stake in shares of Valmont Industries by 0.4% in the 1st quarter. Principal Financial Group Inc. now owns 46,566 shares of the industrial products company’s stock valued at $13,289,000 after purchasing an additional 172 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Valmont Industries by 82.3% in the 1st quarter. GAMMA Investing LLC now owns 226 shares of the industrial products company’s stock valued at $64,000 after purchasing an additional 102 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in shares of Valmont Industries by 18.0% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 2,579 shares of the industrial products company’s stock valued at $736,000 after purchasing an additional 393 shares during the last quarter. Janney Montgomery Scott LLC boosted its stake in shares of Valmont Industries by 16.1% in the first quarter. Janney Montgomery Scott LLC now owns 1,490 shares of the industrial products company’s stock valued at $425,000 after buying an additional 207 shares in the last quarter. Finally, Crossmark Global Holdings Inc. purchased a new stake in shares of Valmont Industries in the first quarter valued at approximately $317,000. 87.84% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Valmont Industries

In other news, CAO Timothy P. Francis sold 2,867 shares of the business’s stock in a transaction on Friday, August 1st. The stock was sold at an average price of $358.52, for a total value of $1,027,876.84. Following the completion of the transaction, the chief accounting officer directly owned 9,746 shares of the company’s stock, valued at $3,494,135.92. The trade was a 22.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.50% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of analysts recently weighed in on VMI shares. Wall Street Zen upgraded Valmont Industries from a “hold” rating to a “buy” rating in a research note on Sunday. Weiss Ratings restated a “hold (c)” rating on shares of Valmont Industries in a research note on Wednesday, October 8th. Stifel Nicolaus lifted their price target on Valmont Industries from $400.00 to $450.00 and gave the company a “buy” rating in a research note on Monday. DA Davidson lifted their price target on Valmont Industries from $380.00 to $400.00 and gave the company a “neutral” rating in a research note on Wednesday, July 23rd. Finally, JPMorgan Chase & Co. started coverage on Valmont Industries in a research note on Friday, September 26th. They issued an “overweight” rating and a $480.00 price target on the stock. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $443.33.

Valmont Industries Stock Up 0.8%

VMI opened at $408.17 on Tuesday. The business’s fifty day moving average is $381.98 and its two-hundred day moving average is $342.21. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.44 and a current ratio of 2.15. The company has a market cap of $8.06 billion, a price-to-earnings ratio of 38.00 and a beta of 1.15. Valmont Industries, Inc. has a one year low of $250.07 and a one year high of $414.53.

Valmont Industries (NYSE:VMI) last posted its earnings results on Tuesday, July 22nd. The industrial products company reported $4.88 EPS for the quarter, topping analysts’ consensus estimates of $4.78 by $0.10. The company had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.03 billion. Valmont Industries had a return on equity of 22.10% and a net margin of 5.98%.Valmont Industries’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same period in the previous year, the business earned $4.91 earnings per share. Analysts anticipate that Valmont Industries, Inc. will post 18.07 EPS for the current fiscal year.

Valmont Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Friday, September 26th were given a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Friday, September 26th. Valmont Industries’s payout ratio is presently 25.33%.

Valmont Industries 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.