Great West Life Assurance Co. Can lifted its holdings in Valmont Industries, Inc. (NYSE:VMI – Get Rating) by 13.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,099 shares of the industrial products company’s stock after purchasing an additional 1,804 shares during the period. Great West Life Assurance Co. Can owned 0.07% of Valmont Industries worth $4,063,000 at the end of the most recent reporting period.
→ The Next Big Crisis Is Here (From Porter & Company)
Several other institutional investors and hedge funds have also modified their holdings of the business. SG Americas Securities LLC raised its holdings in Valmont Industries by 11.3% in the 3rd quarter. SG Americas Securities LLC now owns 10,962 shares of the industrial products company’s stock worth $2,945,000 after acquiring an additional 1,109 shares during the period. US Bancorp DE raised its holdings in Valmont Industries by 16.8% in the 3rd quarter. US Bancorp DE now owns 1,647 shares of the industrial products company’s stock worth $442,000 after acquiring an additional 237 shares during the period. Chartwell Investment Partners LLC raised its holdings in Valmont Industries by 3.6% in the 3rd quarter. Chartwell Investment Partners LLC now owns 6,899 shares of the industrial products company’s stock worth $1,854,000 after acquiring an additional 241 shares during the period. Assenagon Asset Management S.A. bought a new position in Valmont Industries in the 3rd quarter worth $309,000. Finally, Strs Ohio raised its holdings in Valmont Industries by 7.9% in the 3rd quarter. Strs Ohio now owns 29,937 shares of the industrial products company’s stock worth $8,041,000 after acquiring an additional 2,201 shares during the period. Institutional investors and hedge funds own 87.84% of the company’s stock.
Wall Street Analyst Weigh In
Several research analysts recently commented on the stock. StockNews.com upgraded shares of Valmont Industries from a “hold” rating to a “buy” rating in a report on Wednesday, November 23rd. DA Davidson boosted their price objective on shares of Valmont Industries to $310.00 in a report on Tuesday, November 1st. Finally, Stifel Nicolaus boosted their price objective on shares of Valmont Industries from $385.00 to $389.00 and gave the stock a “buy” rating in a report on Friday. Four research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $324.00.
Insider Activity at Valmont Industries
In related news, Director Daas Kaj Den sold 728 shares of the company’s stock in a transaction dated Tuesday, November 15th. The shares were sold at an average price of $323.72, for a total value of $235,668.16. Following the sale, the director now owns 8,955 shares of the company’s stock, valued at $2,898,912.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Valmont Industries news, EVP Aaron M. Schapper sold 1,951 shares of the business’s stock in a transaction dated Friday, November 18th. The shares were 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 in the company, valued at $3,155,689.70. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Daas Kaj Den sold 728 shares of the business’s stock in a transaction dated Tuesday, November 15th. The shares were sold at an average price of $323.72, for a total transaction of $235,668.16. Following the completion of the transaction, the director now owns 8,955 shares in the company, valued at $2,898,912.60. The disclosure for this sale can be found here. Insiders have sold a total of 9,969 shares of company stock valued at $3,261,890 over the last quarter. 2.00% of the stock is owned by company insiders.
Valmont Industries Stock Performance
NYSE:VMI opened at $326.09 on Monday. The firm’s 50-day moving average is $330.71 and its 200-day moving average is $296.37. Valmont Industries, Inc. has a 52-week low of $203.30 and a 52-week high of $353.36. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.27 and a current ratio of 2.13. The company has a market cap of $6.96 billion, a price-to-earnings ratio of 29.59, a PEG ratio of 1.77 and a beta of 1.08.
Valmont Industries (NYSE:VMI – Get Rating) last posted its earnings results 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. The business had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.05 billion. Valmont Industries had a net margin of 5.68% and a return on equity of 18.36%. Equities research analysts anticipate that Valmont Industries, Inc. will post 13.5 earnings per share for the current year.
Valmont Industries Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 17th. Investors of record on Friday, December 30th were paid 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 payout ratio is currently 19.96%.
Valmont Industries Company Profile
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.
Featured Stories
Want to see what other hedge funds are holding VMI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Valmont Industries, Inc. (NYSE:VMI – Get Rating).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Valmont Industries, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Valmont Industries wasn’t on the list.
While Valmont Industries currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
Source: news.google.com
