Diversify Wealth Management LLC Buys 404 Shares of Valmont Industries, Inc. (NYSE:VMI)

Diversify Wealth Management LLC lifted its stake in Valmont Industries, Inc. (NYSE:VMI) by 26.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,912 shares of the industrial products company’s stock after purchasing an additional 404 shares during the quarter. Diversify Wealth Management LLC’s holdings in Valmont Industries were worth $578,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Earnest Partners LLC purchased a new position in Valmont Industries in the 2nd quarter worth approximately $91,878,000. Franklin Resources Inc. raised its stake in Valmont Industries by 57.6% during the 3rd quarter. Franklin Resources Inc. now owns 407,308 shares of the industrial products company’s stock valued at $123,512,000 after buying an additional 148,811 shares during the last quarter. Wellington Management Group LLP raised its stake in Valmont Industries by 16.3% during the 3rd quarter. Wellington Management Group LLP now owns 247,714 shares of the industrial products company’s stock valued at $71,825,000 after buying an additional 34,772 shares during the last quarter. Segall Bryant & Hamill LLC raised its stake in Valmont Industries by 9.6% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 288,633 shares of the industrial products company’s stock valued at $83,689,000 after buying an additional 25,237 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake in Valmont Industries by 9.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 292,901 shares of the industrial products company’s stock valued at $84,927,000 after buying an additional 24,224 shares during the last quarter. 87.84% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, VP R Andrew Massey sold 3,977 shares of the company’s stock in a transaction on Friday, October 25th. The shares were sold at an average price of $315.00, for a total value of $1,252,755.00. Following the completion of the transaction, the vice president now owns 9,408 shares of the company’s stock, valued at approximately $2,963,520. This represents a 29.71 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Daas Kaj Den sold 1,000 shares of the stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $338.78, for a total transaction of $338,780.00. Following the transaction, the director now directly owns 8,644 shares of the company’s stock, valued at $2,928,414.32. This trade represents a 10.37 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 41,977 shares of company stock valued at $13,950,095. Company insiders own 1.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. DA Davidson boosted their target price on shares of Valmont Industries from $340.00 to $380.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Stifel Nicolaus boosted their target price on shares of Valmont Industries from $360.00 to $382.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th.

Valmont Industries Trading Up 1.9 %

NYSE:VMI opened at $342.89 on Wednesday. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.35 and a quick ratio of 1.55. The firm has a market capitalization of $6.87 billion, a price-to-earnings ratio of 23.29 and a beta of 1.05. Valmont Industries, Inc. has a one year low of $202.01 and a one year high of $354.13. The business has a fifty day moving average price of $327.10 and a 200-day moving average price of $304.07.

Valmont Industries (NYSE:VMI) last issued its earnings results on Tuesday, October 22nd. The industrial products company reported $4.11 earnings per share for the quarter, topping the consensus estimate of $4.00 by $0.11. The company had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.02 billion. Valmont Industries had a net margin of 7.38% and a return on equity of 23.10%. Valmont Industries’s quarterly revenue was down 2.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $4.12 EPS. Sell-side analysts forecast that Valmont Industries, Inc. will post 16.85 EPS for the current year.

Valmont Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Friday, December 27th were issued a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 0.70%. The ex-dividend date was Friday, December 27th. Valmont Industries’s dividend payout ratio is currently 16.30%.

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.