14,341 Valmont Industries, Inc. $VMI Shares Sold by WealthPlan Investment Management LLC

WealthPlan Investment Management LLC lowered its holdings in shares of Valmont Industries, Inc. (NYSE:VMI) by 58.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,375 shares of the industrial products company’s stock after selling 14,341 shares during the quarter. WealthPlan Investment Management LLC’s holdings in Valmont Industries were worth $4,803,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in VMI. Bank of America Corp DE bought a new stake in Valmont Industries during the second quarter worth approximately $175,408,000. Avalon Trust Co purchased a new stake in Valmont Industries during the second quarter valued at approximately $22,958,000. Canada Pension Plan Investment Board bought a new stake in shares of Valmont Industries in the 2nd quarter valued at approximately $1,687,000. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of Valmont Industries in the 2nd quarter valued at approximately $4,101,000. Finally, De Lisle Partners LLP bought a new stake in shares of Valmont Industries in the 2nd quarter valued at approximately $13,180,000. 87.84% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Valmont Industries

In related news, CFO John Schwietz bought 208 shares of the company’s stock in a transaction on Thursday, July 23rd. The shares were acquired at an average cost of $486.14 per share, for a total transaction of $101,117.12. Following the purchase, the chief financial officer directly owned 2,992 shares of the company’s stock, valued at approximately $1,454,530.88. The trade was a 7.47% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Theodor Freye sold 800 shares of the firm’s stock in a transaction that occurred on Monday, July 27th. The stock was sold at an average price of $495.00, for a total transaction of $396,000.00. Following the transaction, the director directly owned 2,805 shares in the company, valued at approximately $1,388,475. This trade represents a 22.19% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.42% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

VMI has been the subject of several recent analyst reports. Wall Street Zen lowered shares of Valmont Industries from a “buy” rating to a “hold” rating in a research note on Saturday, October 10th. JPMorgan Chase & Co. increased their target price on shares of Valmont Industries from $600.00 to $620.00 and gave the company an “overweight” rating in a research note on Wednesday, July 22nd. Weiss Ratings raised shares of Valmont Industries from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, October 8th. Zacks Research lowered shares of Valmont Industries from a “strong-buy” rating to a “hold” rating in a report on Monday, July 20th. Finally, Stifel Nicolaus lifted their price target on shares of Valmont Industries from $645.00 to $678.00 and gave the stock a “buy” rating in a research note on Monday, July 20th. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $587.00.

Valmont Industries Trading Down 2.5%

Valmont Industries stock traded down $11.81 during mid-day trading on Thursday, hitting $453.52. The company’s stock had a trading volume of 89,092 shares, compared to its average volume of 195,217. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.55 and a current ratio of 2.35. The company has a 50 day moving average of $477.75 and a 200-day moving average of $494.34. Valmont Industries, Inc. has a one year low of $378.02 and a one year high of $585.71. The stock has a market cap of $8.76 billion, a PE ratio of 17.67, a P/E/G ratio of 1.08 and a beta of 1.34.

Valmont Industries (NYSE:VMI) last released its earnings results on Tuesday, July 21st. The industrial products company reported $6.14 earnings per share for the quarter, topping the consensus estimate of $5.80 by $0.34. The business had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.09 billion. Valmont Industries had a return on equity of 25.57% and a net margin of 11.70%. The business’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same period last year, the company earned $4.88 earnings per share. On average, research analysts anticipate that Valmont Industries, Inc. will post 23.03 EPS for the current year.

Valmont Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Friday, September 25th will be given a $0.77 dividend. This represents a $3.08 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Friday, September 25th. Valmont Industries’s payout ratio is 11.99%.

Valmont Industries Company Profile

Valmont Industries, Inc is a global manufacturer of engineered products and services that support infrastructure, agriculture and industrial applications. Founded in 1946 and headquartered in Omaha, Nebraska, the company serves customers in North America and international markets.

Its infrastructure businesses produce utility poles and structures, towers, steel and aluminum structures, lighting and traffic-support systems, and other products used in electrical transmission and distribution, telecommunications, transportation and commercial development.