Arbejdsmarkedets Tillaegspension Takes Position in Valmont Industries, Inc. $VMI

Arbejdsmarkedets Tillaegspension acquired a new stake in shares of Valmont Industries, Inc. (NYSE:VMIFree Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 56,205 shares of the industrial products company’s stock, valued at approximately $22,612,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Community Bank N.A. acquired a new stake in Valmont Industries in the 3rd quarter valued at approximately $25,000. First Horizon Corp acquired a new stake in Valmont Industries in the 3rd quarter valued at approximately $29,000. Abich Financial Wealth Management LLC acquired a new stake in Valmont Industries in the 3rd quarter valued at approximately $36,000. Montag A & Associates Inc. grew its holdings in shares of Valmont Industries by 1,428.6% during 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 in the last quarter. Finally, Geneos Wealth Management Inc. grew its holdings in shares of Valmont Industries by 223.4% during the 1st quarter. Geneos Wealth Management Inc. now owns 152 shares of the industrial products company’s stock worth $43,000 after purchasing an additional 105 shares in the last quarter. Institutional investors and hedge funds own 87.84% of the company’s stock.

Valmont Industries Trading Down 1.8%

NYSE VMI opened at $506.19 on Friday. The company has a market capitalization of $9.83 billion, a PE ratio of 28.11 and a beta of 1.36. The stock has a 50-day simple moving average of $442.24 and a 200 day simple moving average of $433.05. The company has a current ratio of 2.38, a quick ratio of 1.59 and a debt-to-equity ratio of 0.47. Valmont Industries, Inc. has a 12 month low of $305.07 and a 12 month high of $528.49.

Valmont Industries (NYSE:VMIGet Free Report) last issued its quarterly earnings data on Tuesday, April 21st. The industrial products company reported $5.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.72 by $0.79. Valmont Industries had a net margin of 8.91% and a return on equity of 24.94%. The firm had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $994.85 million. During the same quarter in the previous year, the company earned $4.32 earnings per share. The business’s revenue for the quarter was up 6.2% on a year-over-year basis. Research analysts forecast that Valmont Industries, Inc. will post 22.78 EPS for the current year.

Valmont Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Friday, June 26th will be paid a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend is Friday, June 26th. Valmont Industries’s payout ratio is presently 17.10%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Wall Street Zen raised Valmont Industries from a “hold” rating to a “strong-buy” rating in a report on Saturday, May 2nd. DA Davidson raised their target price on Valmont Industries from $415.00 to $450.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 18th. Weiss Ratings restated a “hold (c+)” rating on shares of Valmont Industries in a research report on Friday, March 27th. Zacks Research upgraded Valmont Industries from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 23rd. Finally, Stifel Nicolaus raised their target price on Valmont Industries from $497.00 to $541.00 and gave the stock a “buy” rating in a research report on Wednesday, April 22nd. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $500.33.

View Our Latest Report on Valmont Industries

Insider Transactions at Valmont Industries

In other Valmont Industries news, Director Mogens C. Bay sold 17,500 shares of the business’s stock in a transaction dated Friday, April 24th. The stock was sold at an average price of $492.34, for a total value of $8,615,950.00. Following the completion of the transaction, the director directly owned 112,309 shares of the company’s stock, valued at approximately $55,294,213.06. The trade was a 13.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.42% of the company’s stock.

Valmont Industries Profile

(Free Report)

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.

Further Reading

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

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