Moran Wealth Management LLC Reduces Holdings in Valmont Industries, Inc. (NYSE:VMI)

Moran Wealth Management LLC trimmed its holdings in shares of Valmont Industries, Inc. (NYSE:VMI - Free Report) by 8.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. 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 approximately 0.09% of Valmont Industries worth $5,282,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Aster Capital Management DIFC Ltd boosted its holdings in Valmont Industries by 175.7% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 193 shares of the industrial products company's stock worth $59,000 after purchasing an additional 123 shares during the last quarter. Quarry LP increased its stake in shares of Valmont Industries by 395.1% in the fourth quarter. Quarry LP now owns 203 shares of the industrial products company's stock worth $62,000 after purchasing an additional 162 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Valmont Industries by 82.3% in the 1st quarter. GAMMA Investing LLC now owns 226 shares of the industrial products company's stock worth $64,000 after buying an additional 102 shares during the period. Parkside Financial Bank & Trust lifted its holdings in Valmont Industries by 16.9% in the 4th quarter. Parkside Financial Bank & Trust now owns 249 shares of the industrial products company's stock worth $76,000 after purchasing an additional 36 shares in the last quarter. Finally, First Horizon Advisors Inc. boosted its stake in Valmont Industries by 17.9% in the 4th quarter. First Horizon Advisors Inc. now owns 329 shares of the industrial products company's stock worth $101,000 after purchasing an additional 50 shares during the period. 87.84% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Stifel Nicolaus boosted their target price on shares of Valmont Industries from $343.00 to $345.00 and gave the stock a "buy" rating in a report on Wednesday, April 23rd. Wall Street Zen upgraded shares of Valmont Industries from a "hold" rating to a "buy" rating in a research note on Saturday, May 31st. Finally, William Blair raised shares of Valmont Industries from a "market perform" rating to an "outperform" rating in a report on Wednesday, April 23rd.

Valmont Industries Price Performance

Shares of VMI traded up $8.10 during mid-day trading on Thursday, hitting $333.11. 277,979 shares of the stock were exchanged, compared to its average volume of 154,301. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.50 and a current ratio of 2.26. The company has a market cap of $6.69 billion, a PE ratio of 19.39 and a beta of 1.13. Valmont Industries, Inc. has a 52-week low of $250.07 and a 52-week high of $379.22. The firm has a 50-day moving average of $311.60 and a two-hundred day moving average of $315.28.

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

Valmont Industries Announces Dividend

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

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.