Clarus Wealth Advisors Invests $214,000 in Valmont Industries, Inc. (VMI) Stock

Clarus Wealth Advisors acquired a new stake in Valmont Industries, Inc. (NYSE:VMI) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,292 shares of the industrial products company’s stock, valued at approximately $214,000.

A number of other large investors also recently added to or reduced their stakes in the business. Citigroup Inc. raised its position in Valmont Industries by 0.7% in the second quarter. Citigroup Inc. now owns 4,530 shares of the industrial products company’s stock valued at $678,000 after purchasing an additional 31 shares during the period. Ameritas Investment Partners Inc. increased its position in shares of Valmont Industries by 1.8% during the second quarter. Ameritas Investment Partners Inc. now owns 6,759 shares of the industrial products company’s stock worth $1,011,000 after acquiring an additional 120 shares during the last quarter. M&T Bank Corp increased its position in shares of Valmont Industries by 11.1% during the second quarter. M&T Bank Corp now owns 2,006 shares of the industrial products company’s stock worth $300,000 after acquiring an additional 200 shares during the last quarter. Dynamic Technology Lab Private Ltd increased its position in shares of Valmont Industries by 7.5% during the second quarter. Dynamic Technology Lab Private Ltd now owns 5,028 shares of the industrial products company’s stock worth $752,000 after acquiring an additional 350 shares during the last quarter. Finally, FCA Corp TX increased its position in shares of Valmont Industries by 1.6% during the third quarter. FCA Corp TX now owns 23,987 shares of the industrial products company’s stock worth $3,792,000 after acquiring an additional 376 shares during the last quarter. 85.13% of the stock is currently owned by institutional investors.

Shares of Valmont Industries, Inc. (NYSE:VMI) opened at $157.55 on Thursday. Valmont Industries, Inc. has a 52-week low of $140.10 and a 52-week high of $176.35. The stock has a market capitalization of $3,497.41, a PE ratio of 18.60, a PEG ratio of 1.92 and a beta of 0.98. 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 company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 16th. Investors of record on Friday, December 29th were issued a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 0.95%. The ex-dividend date was Thursday, December 28th. Valmont Industries’s dividend payout ratio is currently 17.90%.

VMI has been the topic of a number of analyst reports. Boenning Scattergood reaffirmed a “buy” rating and set a $185.00 target price on shares of Valmont Industries in a research report on Friday, November 10th. Zacks Investment Research lowered Valmont Industries from a “hold” rating to a “sell” rating in a research report on Tuesday, October 24th. Stifel Nicolaus lowered Valmont Industries from a “buy” rating to a “hold” rating and dropped their target price for the stock from $177.00 to $174.00 in a research report on Monday, December 11th. Finally, Seaport Global Securities lowered Valmont Industries from a “buy” rating to a “neutral” rating in a research report on Tuesday, January 23rd. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $179.00.

In related news, VP Vanessa Kay Brown sold 3,059 shares of the business’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $171.74, for a total value of $525,352.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 3.30% of the stock is owned by insiders.

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About Valmont Industries

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.

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

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