Shelton Capital Management Grows Stake in Valmont Industries, Inc. (NYSE:VMI)

Shelton Capital Management boosted its position in Valmont Industries, Inc. (NYSE:VMI – Get Rating) by 1,946.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,000 shares of the industrial products company’s stock after purchasing an additional 21,876 shares during the period. Valmont Industries comprises 0.8% of Shelton Capital Management’s investment portfolio, making the stock its 19th biggest position. Shelton Capital Management owned approximately 0.11% of Valmont Industries worth $7,605,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Twin Tree Management LP purchased a new stake in shares of Valmont Industries in the fourth quarter valued at $819,000. Wells Fargo & Company MN lifted its stake in shares of Valmont Industries by 123.1% during the fourth quarter. Wells Fargo & Company MN now owns 9,206 shares of the industrial products company’s stock worth $3,044,000 after purchasing an additional 5,079 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Valmont Industries by 5.1% in the fourth quarter. Geode Capital Management LLC now owns 288,391 shares of the industrial products company’s stock worth $95,362,000 after acquiring an additional 13,988 shares in the last quarter. American Century Companies Inc. lifted its stake in shares of Valmont Industries by 43.9% in the fourth quarter. American Century Companies Inc. now owns 3,375 shares of the industrial products company’s stock worth $1,116,000 after acquiring an additional 1,030 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in shares of Valmont Industries by 13.4% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 9,597 shares of the industrial products company’s stock worth $3,173,000 after acquiring an additional 1,132 shares in the last quarter. 87.84% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Valmont Industries

In other Valmont Industries news, Director Theodor Werner Freye sold 549 shares of the company’s stock in a transaction that occurred on Tuesday, May 2nd. The stock was sold at an average price of $293.00, for a total value of $160,857.00. Following the completion of the sale, the director now directly owns 5,749 shares in the company, valued at $1,684,457. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Valmont Industries news, insider Aaron M. Schapper sold 4,033 shares of the company’s stock in a transaction that occurred on Tuesday, March 14th. The stock was sold at an average price of $309.24, for a total value of $1,247,164.92. Following the completion of the sale, the insider now directly owns 13,629 shares in the company, valued at $4,214,631.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Theodor Werner Freye sold 549 shares of the stock in a transaction on Tuesday, May 2nd. The shares were sold at an average price of $293.00, for a total value of $160,857.00. Following the sale, the director now owns 5,749 shares of the company’s stock, valued at approximately $1,684,457. The disclosure for this sale can be found here. Insiders own 2.00% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on VMI. Stifel Nicolaus cut their price target on Valmont Industries from $389.00 to $352.00 and set a “buy” rating on the stock in a research note on Monday, April 17th. StockNews.com began coverage on Valmont Industries in a report on Thursday, May 18th. They issued a “buy” rating for the company. Finally, DA Davidson reaffirmed a “neutral” rating on shares of Valmont Industries in a report on Friday, February 24th. One investment analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $320.67.

Valmont Industries Stock Performance

Shares of NYSE VMI traded up $15.22 during midday trading on Friday, hitting $279.04. 184,366 shares of the company’s stock were exchanged, compared to its average volume of 123,166. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.32 and a quick ratio of 1.40. The stock’s 50 day moving average price is $291.81 and its 200-day moving average price is $312.99. The firm has a market cap of $5.88 billion, a P/E ratio of 22.87, a PEG ratio of 1.51 and a beta of 1.07. Valmont Industries, Inc. has a twelve month low of $213.27 and a twelve month high of $353.36.

Valmont Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 14th. Stockholders of record on Friday, June 30th will be given a dividend of $0.60 per share. The ex-dividend date is Thursday, June 29th. This represents a $2.40 annualized dividend and a dividend yield of 0.86%. Valmont Industries’s dividend payout ratio is presently 19.67%.

About Valmont Industries

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Valmont Industries, Inc engages in the manufacture of products and services for infrastructure and agriculture markets. It operates through the Infrastructure and Agriculture segments. The Infrastructure segment includes five primary product lines such as Transmission, Distribution, and Substation, Lighting and Transportation, Coatings, Telecommunications, and Renewable Energy.

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