CreativeOne Wealth LLC Has $281,000 Stock Holdings in Valmont Industries, Inc. (NYSE:VMI)

CreativeOne Wealth LLC lessened its position in Valmont Industries, Inc. (NYSE:VMI) by 16.5% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 969 shares of the industrial products company’s stock after selling 191 shares during the period. CreativeOne Wealth LLC’s holdings in Valmont Industries were worth $281,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its stake in Valmont Industries by 3.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 418,722 shares of the industrial products company’s stock worth $114,919,000 after buying an additional 14,168 shares during the period. FMR LLC increased its stake in Valmont Industries by 4.0% during the 3rd quarter. FMR LLC now owns 349,426 shares of the industrial products company’s stock worth $101,316,000 after purchasing an additional 13,509 shares in the last quarter. Earnest Partners LLC bought a new position in Valmont Industries in the second quarter valued at approximately $91,878,000. Copeland Capital Management LLC boosted its holdings in shares of Valmont Industries by 0.9% in the third quarter. Copeland Capital Management LLC now owns 307,338 shares of the industrial products company’s stock valued at $89,113,000 after buying an additional 2,869 shares during the period. Finally, Segall Bryant & Hamill LLC increased its position in shares of Valmont Industries by 9.6% during the third quarter. Segall Bryant & Hamill LLC now owns 288,633 shares of the industrial products company’s stock worth $83,689,000 after acquiring an additional 25,237 shares in the last quarter. 87.84% of the stock is owned by institutional investors.

Insider Activity

In related news, Director Mogens C. Bay sold 17,000 shares of the company’s stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $316.48, for a total value of $5,380,160.00. Following the transaction, the director now owns 154,730 shares in the company, valued at approximately $48,968,950.40. This represents a 9.90 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP R Andrew Massey sold 3,977 shares of the firm’s stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $315.00, for a total transaction of $1,252,755.00. Following the sale, the vice president now owns 9,408 shares of the company’s stock, valued at $2,963,520. This trade represents a 29.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 21,977 shares of company stock valued at $6,971,695 over the last three months. Insiders own 2.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on VMI shares. Stifel Nicolaus increased their target price on Valmont Industries from $350.00 to $360.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. StockNews.com upgraded Valmont Industries from a “buy” rating to a “strong-buy” rating in a research note on Monday, August 12th. Finally, DA Davidson lifted their price objective on shares of Valmont Industries from $340.00 to $380.00 and gave the company a “buy” rating in a report on Thursday, October 24th.

Valmont Industries Stock Performance

Shares of NYSE VMI opened at $349.38 on Tuesday. Valmont Industries, Inc. has a 52 week low of $202.01 and a 52 week high of $354.13. The stock has a market capitalization of $7.00 billion, a PE ratio of 23.74 and a beta of 1.02. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.55 and a current ratio of 2.35. The stock has a 50 day moving average price of $317.56 and a 200 day moving average price of $288.89.

Valmont Industries (NYSE:VMI) last posted its quarterly earnings results on Tuesday, October 22nd. The industrial products company reported $4.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.00 by $0.11. The firm had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.02 billion. Valmont Industries had a net margin of 7.38% and a return on equity of 23.10%. The company’s quarterly revenue was down 2.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $4.12 earnings per share. Analysts predict that Valmont Industries, Inc. will post 16.86 earnings per share for the current fiscal year.

Valmont Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Friday, December 27th will be paid a $0.60 dividend. The ex-dividend date of this dividend is Friday, December 27th. This represents a $2.40 annualized dividend and a yield of 0.69%. 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.