Venturi Wealth Management LLC Grows Stock Position in Valmont Industries, Inc. (NYSE:VMI)

Venturi Wealth Management LLC boosted its stake in shares of Valmont Industries, Inc. (NYSE:VMI) by 83.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 310 shares of the industrial products company’s stock after acquiring an additional 141 shares during the quarter. Venturi Wealth Management LLC’s holdings in Valmont Industries were worth $95,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Sunbelt Securities Inc. purchased a new stake in shares of Valmont Industries during the third quarter worth about $35,000. Point72 Asset Management L.P. purchased a new position in Valmont Industries during the 3rd quarter valued at about $58,000. Signaturefd LLC raised its position in Valmont Industries by 35.4% during the 3rd quarter. Signaturefd LLC now owns 214 shares of the industrial products company’s stock valued at $62,000 after purchasing an additional 56 shares during the last quarter. Avior Wealth Management LLC lifted its holdings in Valmont Industries by 35.9% in the 4th quarter. Avior Wealth Management LLC now owns 212 shares of the industrial products company’s stock worth $65,000 after buying an additional 56 shares during the period. Finally, Hanseatic Management Services Inc. bought a new stake in shares of Valmont Industries in the 3rd quarter worth approximately $66,000. 87.84% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Valmont Industries news, Director Mogens C. Bay sold 20,000 shares of the business’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $348.92, for a total value of $6,978,400.00. Following the completion of the transaction, the director now owns 131,730 shares of the company’s stock, valued at approximately $45,963,231.60. The trade was a 13.18 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.00% of the stock is owned by company insiders.

Valmont Industries Trading Down 3.8 %

NYSE VMI opened at $349.17 on Monday. The firm has a market capitalization of $6.99 billion, a PE ratio of 20.32 and a beta of 1.05. The stock’s 50 day moving average is $324.10 and its 200 day moving average is $312.69. Valmont Industries, Inc. has a twelve month low of $202.01 and a twelve month high of $379.22. The company has a quick ratio of 1.55, a current ratio of 2.07 and a debt-to-equity ratio of 0.47.

Valmont Industries (NYSE:VMI) last released its earnings results on Tuesday, February 18th. The industrial products company reported $3.84 earnings per share for the quarter, topping analysts’ consensus estimates of $3.63 by $0.21. Valmont Industries had a net margin of 8.55% and a return on equity of 23.15%. The firm had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.01 billion. During the same period in the prior year, the firm earned $3.18 EPS. Research analysts forecast that Valmont Industries, Inc. will post 18.07 earnings per share for the current fiscal year.

Valmont Industries Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Friday, March 28th will be given a dividend of $0.68 per share. The ex-dividend date is Friday, March 28th. This represents a $2.72 annualized dividend and a dividend yield of 0.78%. This is an increase from Valmont Industries’s previous quarterly dividend of $0.60. Valmont Industries’s dividend payout ratio (DPR) is 13.97%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on VMI. StockNews.com downgraded Valmont Industries from a “strong-buy” rating to a “buy” rating in a report on Wednesday, February 19th. DA Davidson lowered shares of Valmont Industries from a “buy” rating to a “neutral” rating and set a $380.00 price objective for the company. in a report on Wednesday, February 19th. Finally, Stifel Nicolaus lifted 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.

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.