Creative Planning increased its stake in Valmont Industries, Inc. (NYSE:VMI) by 4.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,985 shares of the industrial products company’s stock after buying an additional 401 shares during the quarter. Creative Planning’s holdings in Valmont Industries were worth $1,490,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Riverhead Capital Management LLC lifted its position in Valmont Industries by 85.6% in the second quarter. Riverhead Capital Management LLC now owns 1,299 shares of the industrial products company’s stock worth $194,000 after buying an additional 599 shares during the last quarter. Gofen & Glossberg LLC IL bought a new stake in Valmont Industries in the third quarter worth $209,000. Balyasny Asset Management LLC bought a new stake in Valmont Industries in the second quarter worth $246,000. Trexquant Investment LP bought a new stake in Valmont Industries in the third quarter worth $252,000. Finally, Shelton Capital Management bought a new stake in Valmont Industries in the second quarter worth $255,000. Institutional investors own 85.30% of the company’s stock.

In other news, VP Vanessa Kay Brown sold 3,059 shares of Valmont Industries stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $171.74, for a total transaction of $525,352.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.30% of the stock is currently owned by company insiders.

A number of brokerages recently issued reports on VMI. Stifel Nicolaus restated a “buy” rating and issued a $183.00 price target on shares of Valmont Industries in a research report on Tuesday, October 17th. Zacks Investment Research downgraded Valmont Industries from a “buy” rating to a “hold” rating in a research report on Thursday. Seaport Global Securities downgraded Valmont Industries from a “buy” rating to a “neutral” rating in a research report on Tuesday. They noted that the move was a valuation call. Finally, Boenning Scattergood restated a “buy” rating and issued a $185.00 price target on shares of Valmont Industries in a research report on Thursday, October 19th. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $179.00.

Shares of Valmont Industries, Inc. (NYSE VMI) opened at $167.65 on Friday. Valmont Industries, Inc. has a 52-week low of $140.10 and a 52-week high of $176.35. The firm has a market capitalization of $3,786.79, a price-to-earnings ratio of 20.01, a PEG ratio of 2.08 and a beta of 1.06. The company has a debt-to-equity ratio of 0.65, a quick ratio of 2.53 and a current ratio of 3.50.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th were given a dividend of $0.375 per share. The ex-dividend date was Thursday, December 28th. This represents a $1.50 annualized dividend and a dividend yield of 0.89%. Valmont Industries’s dividend payout ratio (DPR) is 17.90%.

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Valmont Industries Company Profile

Valmont Industries, Inc is a producer of fabricated metal products, and steel, aluminum and composite pole, tower and other structures, and mechanized irrigation systems. The Company’s segments are Engineered Support Structures (ESS); Utility Support Structures; Energy and Mining; Coatings; Irrigation, and Other.

Institutional Ownership by Quarter for Valmont Industries (NYSE:VMI)

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