UniSuper Management Pty Ltd Has $10.02 Million Holdings in Valmont Industries, Inc. $VMI

UniSuper Management Pty Ltd trimmed its position in shares of Valmont Industries, Inc. (NYSE:VMI) by 10.2% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 25,847 shares of the industrial products company’s stock after selling 2,934 shares during the quarter. UniSuper Management Pty Ltd’s holdings in Valmont Industries were worth $10,022,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of VMI. Universal Beteiligungs und Servicegesellschaft mbH increased its stake in Valmont Industries by 32.2% during the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 6,009 shares of the industrial products company’s stock valued at $2,330,000 after purchasing an additional 1,462 shares in the last quarter. Chicago Partners Investment Group LLC lifted its stake in shares of Valmont Industries by 24.9% in the third quarter. Chicago Partners Investment Group LLC now owns 1,410 shares of the industrial products company’s stock valued at $589,000 after buying an additional 281 shares in the last quarter. Inscription Capital LLC grew its holdings in shares of Valmont Industries by 90.2% during the third quarter. Inscription Capital LLC now owns 2,596 shares of the industrial products company’s stock valued at $1,007,000 after buying an additional 1,231 shares during the last quarter. NorthCrest Asset Manangement LLC increased its position in shares of Valmont Industries by 132.4% during the third quarter. NorthCrest Asset Manangement LLC now owns 1,743 shares of the industrial products company’s stock worth $692,000 after acquiring an additional 993 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in shares of Valmont Industries by 47.5% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 5,595 shares of the industrial products company’s stock worth $2,223,000 after acquiring an additional 1,801 shares during the last quarter. 87.84% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have issued reports on VMI shares. Stifel Nicolaus lifted their price target on Valmont Industries from $491.00 to $492.00 and gave the company a “buy” rating in a research note on Friday. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Valmont Industries in a research report on Monday, December 29th. Wall Street Zen upgraded Valmont Industries from a “hold” rating to a “buy” rating in a report on Sunday, October 19th. Finally, DA Davidson raised their price objective on Valmont Industries from $400.00 to $415.00 and gave the company a “neutral” rating in a research note on Wednesday, October 22nd. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $462.33.

Valmont Industries Stock Performance

Shares of VMI opened at $439.82 on Friday. The stock has a 50 day moving average of $415.80 and a 200 day moving average of $392.55. The company has a market capitalization of $8.66 billion, a price-to-earnings ratio of 37.88 and a beta of 1.20. Valmont Industries, Inc. has a 12 month low of $250.07 and a 12 month high of $451.45. The company has a current ratio of 2.26, a quick ratio of 1.50 and a debt-to-equity ratio of 0.46.

Valmont Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Friday, December 26th were paid a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date was Friday, December 26th. Valmont Industries’s payout ratio is presently 23.43%.

Valmont Industries Company Profile

Valmont Industries, Inc (NYSE: VMI) is a diversified industrial manufacturer specializing in infrastructure and agricultural products. Headquartered in Omaha, Nebraska, the company engages in the design, production and distribution of engineered products that support water management, power transmission, lighting and traffic infrastructure. Valmont’s solutions range from center-pivot and lateral-move irrigation systems to utility poles, transmission towers, lighting structures and highway traffic signal support structures.

The company operates through several core business segments.