UniSuper Management Pty Ltd Has $10.02 Million Holdings in Valmont Industries, Inc. $VMI

UniSuper Management Pty Ltd decreased its holdings in Valmont Industries, Inc. (NYSE:VMI) by 10.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 25,847 shares of the industrial products company’s stock after selling 2,934 shares during the quarter. UniSuper Management Pty Ltd owned approximately 0.13% of Valmont Industries worth $10,022,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of VMI. GAMMA Investing LLC lifted its holdings in Valmont Industries by 21.7% during the 3rd quarter. GAMMA Investing LLC now owns 202 shares of the industrial products company’s stock worth $78,000 after buying an additional 36 shares during the period. Envestnet Portfolio Solutions Inc. raised its position in shares of Valmont Industries by 4.7% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 843 shares of the industrial products company’s stock worth $275,000 after acquiring an additional 38 shares during the last quarter. Thrivent Financial for Lutherans lifted its stake in shares of Valmont Industries by 0.5% in the second quarter. Thrivent Financial for Lutherans now owns 7,393 shares of the industrial products company’s stock worth $2,433,000 after acquiring an additional 40 shares during the period. D.B. Root & Company LLC boosted its holdings in Valmont Industries by 1.6% in the second quarter. D.B. Root & Company LLC now owns 2,685 shares of the industrial products company’s stock valued at $877,000 after acquiring an additional 41 shares during the last quarter. Finally, Janney Montgomery Scott LLC increased its position in Valmont Industries by 4.0% during the 2nd quarter. Janney Montgomery Scott LLC now owns 1,549 shares of the industrial products company’s stock valued at $506,000 after purchasing an additional 59 shares during the period. 87.84% of the stock is currently owned by institutional investors and hedge funds.

Valmont Industries Stock Down 1.5%

Valmont Industries stock opened at $439.82 on Friday. The company has a market capitalization of $8.66 billion, a PE ratio of 37.88 and a beta of 1.20. Valmont Industries, Inc. has a 12-month low of $250.07 and a 12-month high of $451.45. The firm’s fifty day moving average is $415.80 and its 200 day moving average is $392.55. The company has a quick ratio of 1.50, a current ratio of 2.26 and a debt-to-equity ratio of 0.46.

Valmont Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Friday, December 26th were given a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend was Friday, December 26th. Valmont Industries’s dividend payout ratio is 23.43%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on VMI. Wall Street Zen upgraded shares of Valmont Industries from a “hold” rating to a “buy” rating in a research report on Sunday, October 19th. DA Davidson boosted their target price on shares of Valmont Industries from $400.00 to $415.00 and gave the company a “neutral” rating in a report on Wednesday, October 22nd. Stifel Nicolaus upped their price target on shares of Valmont Industries from $491.00 to $492.00 and gave the company a “buy” rating in a research report on Friday. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Valmont Industries in a report on Monday, December 29th. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $462.33.

About Valmont Industries

Valmont Industries, Inc (NYSE: VMI) is a diversified industrial manufacturer specializing in infrastructure and agricultural products. Headquartered in Omaha, Nebraska, the company engages in the design, production and distribution of engineered products that support water management, power transmission, lighting and traffic infrastructure. Valmont’s solutions range from center-pivot and lateral-move irrigation systems to utility poles, transmission towers, lighting structures and highway traffic signal support structures.

The company operates through several core business segments.