Cetera Investment Advisers Buys 304 Shares of Valmont Industries, Inc. (NYSE:VMI)

Cetera Investment Advisers boosted its stake in Valmont Industries, Inc. (NYSE:VMI) by 3.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,173 shares of the industrial products company’s stock after acquiring an additional 304 shares during the quarter. Cetera Investment Advisers’ holdings in Valmont Industries were worth $2,243,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Personalized Indexing Management LLC boosted its position in shares of Valmont Industries by 2.5% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 1,717 shares of the industrial products company’s stock worth $470,000 after buying an additional 42 shares during the period. Creative Planning grew its stake in shares of Valmont Industries by 0.5% during the 2nd quarter. Creative Planning now owns 8,922 shares of the industrial products company’s stock worth $2,449,000 after acquiring an additional 45 shares in the last quarter. WealthPlan Investment Management LLC raised its holdings in shares of Valmont Industries by 0.3% in the first quarter. WealthPlan Investment Management LLC now owns 24,091 shares of the industrial products company’s stock valued at $5,500,000 after purchasing an additional 63 shares during the last quarter. CANADA LIFE ASSURANCE Co lifted its position in shares of Valmont Industries by 0.5% in the first quarter. CANADA LIFE ASSURANCE Co now owns 14,190 shares of the industrial products company’s stock worth $3,240,000 after purchasing an additional 67 shares in the last quarter. Finally, Commonwealth Equity Services LLC boosted its holdings in Valmont Industries by 1.4% during the second quarter. Commonwealth Equity Services LLC now owns 5,087 shares of the industrial products company’s stock worth $1,396,000 after purchasing an additional 70 shares during the last quarter. 87.84% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Stifel Nicolaus lifted their price target on shares of Valmont Industries from $285.00 to $325.00 and gave the company a “buy” rating in a research note on Thursday, July 18th. StockNews.com raised Valmont Industries from a “buy” rating to a “strong-buy” rating in a research report on Monday, August 12th. Finally, DA Davidson boosted their price target on Valmont Industries from $300.00 to $340.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. One research analyst has rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $332.50.

Insider Buying and Selling at Valmont Industries

In other news, Director Theodor Werner Freye sold 1,600 shares of the business’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $300.12, for a total transaction of $480,192.00. Following the completion of the sale, the director now owns 3,685 shares in the company, valued at $1,105,942.20. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Valmont Industries news, CFO Timothy P. Francis sold 2,300 shares of Valmont Industries stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $298.49, for a total value of $686,527.00. Following the completion of the sale, the chief financial officer now owns 9,471 shares in the company, valued at $2,826,998.79. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Theodor Werner Freye sold 1,600 shares of the stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $300.12, for a total transaction of $480,192.00. Following the transaction, the director now owns 3,685 shares in the company, valued at approximately $1,105,942.20. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.00% of the company’s stock.

Valmont Industries Price Performance

Shares of NYSE VMI opened at $301.15 on Friday. The company has a quick ratio of 1.63, a current ratio of 2.53 and a debt-to-equity ratio of 0.69. The business’s 50 day moving average price is $282.36 and its two-hundred day moving average price is $263.47. The company has a market cap of $6.07 billion, a PE ratio of 36.33 and a beta of 1.02. Valmont Industries, Inc. has a twelve month low of $188.63 and a twelve month high of $307.67.

Valmont Industries (NYSE:VMI) last posted its earnings results on Wednesday, July 24th. The industrial products company reported $4.76 earnings per share for the quarter, topping analysts’ consensus estimates of $4.04 by $0.72. Valmont Industries had a return on equity of 23.30% and a net margin of 4.09%. The business had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.06 billion. On average, analysts predict that Valmont Industries, Inc. will post 16.76 EPS for the current year.

Valmont Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Friday, September 27th will be paid a $0.60 dividend. The ex-dividend date of this dividend is Friday, September 27th. This represents a $2.40 dividend on an annualized basis and a yield of 0.80%. Valmont Industries’s dividend payout ratio (DPR) is currently 28.95%.

About Valmont Industries

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.