Hantz Financial Services Inc. Sells 1,636 Shares of Valmont Industries, Inc. $VMI

Hantz Financial Services Inc. decreased its stake in Valmont Industries, Inc. (NYSE:VMI) by 17.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,848 shares of the industrial products company’s stock after selling 1,636 shares during the period. Hantz Financial Services Inc.’s holdings in Valmont Industries were worth $3,157,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in VMI. Community Bank N.A. bought a new stake in Valmont Industries in the third quarter worth about $25,000. Elyxium Wealth LLC bought a new stake in shares of Valmont Industries in the 4th quarter worth approximately $27,000. Leonteq Securities AG bought a new stake in shares of Valmont Industries in the 4th quarter worth approximately $30,000. Abich Financial Wealth Management LLC bought a new stake in shares of Valmont Industries in the 3rd quarter worth approximately $36,000. Finally, Montag A & Associates Inc. raised its holdings in shares of Valmont Industries by 1,428.6% in the 4th quarter. Montag A & Associates Inc. now owns 107 shares of the industrial products company’s stock worth $43,000 after purchasing an additional 100 shares during the period. Institutional investors own 87.84% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on the company. DA Davidson boosted their target price on Valmont Industries from $415.00 to $450.00 and gave the company a “neutral” rating in a research note on Wednesday, February 18th. JPMorgan Chase & Co. boosted their price objective on Valmont Industries from $480.00 to $510.00 and gave the company an “overweight” rating in a research note on Wednesday, February 18th. Stifel Nicolaus boosted their price objective on Valmont Industries from $497.00 to $541.00 and gave the company a “buy” rating in a research note on Wednesday, April 22nd. Wall Street Zen cut Valmont Industries from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Finally, Zacks Research upgraded Valmont Industries from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 23rd. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, Valmont Industries presently has an average rating of “Buy” and a consensus price target of $500.33.

Insider Buying and Selling at Valmont Industries

In related news, Director Mogens C. Bay sold 17,500 shares of the company’s stock in a transaction that occurred on Friday, April 24th. The shares were sold at an average price of $492.34, for a total value of $8,615,950.00. Following the transaction, the director directly owned 112,309 shares in the company, valued at approximately $55,294,213.06. This represents a 13.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.42% of the company’s stock.

Valmont Industries Stock Performance

Valmont Industries stock opened at $530.40 on Wednesday. The firm’s 50 day simple moving average is $453.87 and its 200 day simple moving average is $437.89. The company has a current ratio of 2.38, a quick ratio of 1.59 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $10.30 billion, a PE ratio of 29.45 and a beta of 1.36. Valmont Industries, Inc. has a 1-year low of $310.00 and a 1-year high of $531.28.

Valmont Industries (NYSE:VMI) last released its quarterly earnings results on Tuesday, April 21st. The industrial products company reported $5.51 earnings per share for the quarter, topping the consensus estimate of $4.72 by $0.79. The firm had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $994.85 million. Valmont Industries had a net margin of 8.91% and a return on equity of 24.94%. The business’s quarterly revenue was up 6.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $4.32 earnings per share. As a group, analysts expect that Valmont Industries, Inc. will post 22.78 earnings per share for the current fiscal year.

Valmont Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Friday, June 26th will be given a $0.77 dividend. This represents a $3.08 annualized dividend and a dividend yield of 0.6%. The ex-dividend date is Friday, June 26th. Valmont Industries’s dividend payout ratio is 17.10%.

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.