Moran Wealth Management LLC Sells 1,635 Shares of Valmont Industries, Inc. (NYSE:VMI)

Moran Wealth Management LLC decreased its position in shares of Valmont Industries, Inc. (NYSE:VMI - Free Report) by 8.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,510 shares of the industrial products company's stock after selling 1,635 shares during the period. Moran Wealth Management LLC owned 0.09% of Valmont Industries worth $5,282,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of VMI. LaFleur & Godfrey LLC lifted its position in Valmont Industries by 2.3% during the 4th quarter. LaFleur & Godfrey LLC now owns 13,873 shares of the industrial products company's stock worth $4,254,000 after acquiring an additional 308 shares during the last quarter. Ieq Capital LLC acquired a new position in shares of Valmont Industries during the fourth quarter valued at about $228,000. Handelsbanken Fonder AB raised its position in shares of Valmont Industries by 12.9% during the fourth quarter. Handelsbanken Fonder AB now owns 4,365 shares of the industrial products company's stock valued at $1,339,000 after buying an additional 500 shares during the last quarter. First Horizon Advisors Inc. raised its position in shares of Valmont Industries by 17.9% during the fourth quarter. First Horizon Advisors Inc. now owns 329 shares of the industrial products company's stock valued at $101,000 after buying an additional 50 shares during the last quarter. Finally, FourThought Financial Partners LLC acquired a new position in shares of Valmont Industries during the fourth quarter valued at about $214,000. Institutional investors and hedge funds own 87.84% of the company's stock.

Valmont Industries Price Performance

NYSE VMI traded up $0.22 on Friday, reaching $333.60. The company's stock had a trading volume of 346,242 shares, compared to its average volume of 138,049. The firm has a market cap of $6.70 billion, a PE ratio of 19.42 and a beta of 1.13. The business has a 50-day moving average price of $313.84 and a 200 day moving average price of $315.06. Valmont Industries, Inc. has a 52 week low of $250.07 and a 52 week high of $379.22. The company has a current ratio of 2.26, a quick ratio of 1.50 and a debt-to-equity ratio of 0.45.

Valmont Industries (NYSE:VMI - Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The industrial products company reported $4.32 earnings per share for the quarter, topping the consensus estimate of $4.24 by $0.08. The firm had revenue of $969.31 million for the quarter, compared to analysts' expectations of $976.04 million. Valmont Industries had a net margin of 8.55% and a return on equity of 22.27%. Sell-side analysts expect that Valmont Industries, Inc. will post 18.07 EPS for the current year.

Valmont Industries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Friday, June 27th will be paid a dividend of $0.68 per share. The ex-dividend date of this dividend is Friday, June 27th. This represents a $2.72 annualized dividend and a dividend yield of 0.82%. Valmont Industries's dividend payout ratio (DPR) is currently 15.83%.

Analyst Upgrades and Downgrades

VMI has been the subject of a number of research analyst reports. Stifel Nicolaus upped their price objective on shares of Valmont Industries from $343.00 to $345.00 and gave the company a "buy" rating in a research report on Wednesday, April 23rd. William Blair raised shares of Valmont Industries from a "market perform" rating to an "outperform" rating in a research report on Wednesday, April 23rd. Finally, Wall Street Zen raised shares of Valmont Industries from a "hold" rating to a "buy" rating in a research report on Saturday, May 31st.

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.