Wealth Enhancement Advisory Services LLC Has $674,000 Position in Valmont Industries, Inc. (NYSE:VMI)

Wealth Enhancement Advisory Services LLC boosted its position in shares of Valmont Industries, Inc. (NYSE:VMI) by 1.5% during the 3rd quarter, HoldingsChannel reports. The fund owned 2,325 shares of the industrial products company’s stock after buying an additional 35 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Valmont Industries were worth $674,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of VMI. Earnest Partners LLC acquired a new position in shares of Valmont Industries in the second quarter valued at $91,878,000. Sei Investments Co. raised its stake in shares of Valmont Industries by 794.2% in the 2nd quarter. Sei Investments Co. now owns 198,116 shares of the industrial products company’s stock valued at $54,373,000 after buying an additional 175,961 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Valmont Industries by 39.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 258,845 shares of the industrial products company’s stock worth $71,040,000 after acquiring an additional 73,084 shares during the period. SageView Advisory Group LLC acquired a new position in Valmont Industries in the first quarter worth about $8,776,000. Finally, Natixis Advisors LLC lifted its stake in Valmont Industries by 113.5% during the second quarter. Natixis Advisors LLC now owns 71,620 shares of the industrial products company’s stock worth $19,656,000 after purchasing an additional 38,080 shares during the period. Institutional investors own 87.84% of the company’s stock.

Insider Buying and Selling

In other Valmont Industries news, VP R Andrew Massey sold 3,977 shares of Valmont Industries stock in a transaction on Friday, October 25th. The shares were sold at an average price of $315.00, for a total transaction of $1,252,755.00. Following the completion of the sale, the vice president now owns 9,408 shares of the company’s stock, valued at approximately $2,963,520. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, VP R Andrew Massey sold 3,977 shares of the company’s stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $315.00, for a total value of $1,252,755.00. Following the completion of the sale, the vice president now directly owns 9,408 shares of the company’s stock, valued at $2,963,520. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Mogens C. Bay sold 17,000 shares of the stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $316.48, for a total transaction of $5,380,160.00. Following the completion of the sale, the director now owns 154,730 shares in the company, valued at $48,968,950.40. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research firms have recently weighed in on VMI. DA Davidson upped their price objective on 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 increased their price objective on Valmont Industries from $350.00 to $360.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Finally, StockNews.com raised shares of Valmont Industries from a “buy” rating to a “strong-buy” rating in a report on Monday, August 12th.

Valmont Industries Price Performance

Shares of VMI stock opened at $341.58 on Friday. The stock’s fifty day moving average is $295.47 and its 200-day moving average is $275.88. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.55 and a current ratio of 2.35. Valmont Industries, Inc. has a 52 week low of $192.94 and a 52 week high of $352.57. The stock has a market capitalization of $6.84 billion, a PE ratio of 23.21 and a beta of 1.02.

Valmont Industries (NYSE:VMI) last posted its quarterly earnings data on Tuesday, October 22nd. The industrial products company reported $4.11 earnings per share for the quarter, beating the consensus estimate of $4.00 by $0.11. Valmont Industries had a net margin of 7.38% and a return on equity of 23.10%. The firm had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $1.02 billion. During the same quarter last year, the company posted $4.12 EPS. The company’s quarterly revenue was down 2.9% compared to the same quarter last year. Equities research analysts expect that Valmont Industries, Inc. will post 16.84 EPS for the current fiscal year.

Valmont Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Friday, December 27th will be given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 0.70%. The ex-dividend date of this dividend is Friday, December 27th. Valmont Industries’s dividend payout ratio is 16.30%.

Valmont Industries 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.