Valmont Industries, Inc. $VMI Stock Holdings Decreased by Clearbridge Investments LLC

Clearbridge Investments LLC lowered its stake in Valmont Industries, Inc. (NYSE:VMIFree Report) by 8.3% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 51,915 shares of the industrial products company’s stock after selling 4,720 shares during the period. Clearbridge Investments LLC’s holdings in Valmont Industries were worth $20,886,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Azzad Asset Management Inc. ADV bought a new stake in shares of Valmont Industries in the 3rd quarter worth about $739,000. Congress Asset Management Co. increased its position in shares of Valmont Industries by 14.1% in the 4th quarter. Congress Asset Management Co. now owns 85,346 shares of the industrial products company’s stock worth $34,336,000 after purchasing an additional 10,518 shares during the last quarter. Tudor Investment Corp ET AL bought a new stake in shares of Valmont Industries in the 3rd quarter worth about $1,749,000. Dakota Wealth Management bought a new stake in shares of Valmont Industries in the 4th quarter worth about $581,000. Finally, Jupiter Asset Management Ltd. increased its position in shares of Valmont Industries by 838.7% in the 3rd quarter. Jupiter Asset Management Ltd. now owns 32,837 shares of the industrial products company’s stock worth $12,732,000 after purchasing an additional 29,339 shares during the last quarter. Institutional investors own 87.84% of the company’s stock.

Insider Buying and Selling

In other Valmont Industries news, Director Mogens C. Bay sold 17,500 shares of the company’s stock in a transaction dated 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 completion of the transaction, the director owned 112,309 shares in the company, valued at approximately $55,294,213.06. This represents a 13.48% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.42% of the company’s stock.

Valmont Industries Trading Down 0.6%

NYSE VMI opened at $532.47 on Wednesday. Valmont Industries, Inc. has a one year low of $316.56 and a one year high of $548.90. The company has a 50-day simple moving average of $480.42 and a 200-day simple moving average of $447.21. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.59 and a current ratio of 2.38. The firm has a market capitalization of $10.34 billion, a PE ratio of 29.57, a price-to-earnings-growth ratio of 1.23 and a beta of 1.34.

Valmont Industries (NYSE:VMIGet Free Report) last posted its quarterly earnings results on Tuesday, April 21st. The industrial products company reported $5.51 EPS for the quarter, beating the consensus estimate of $4.72 by $0.79. Valmont Industries had a net margin of 8.91% and a return on equity of 24.94%. The business had revenue of $1.03 billion during the quarter, compared to analyst estimates of $994.85 million. During the same period in the previous year, the business posted $4.32 EPS. The company’s quarterly revenue was up 6.2% on a year-over-year basis. On average, equities analysts forecast that Valmont Industries, Inc. will post 22.83 earnings per share for the current year.

Valmont Industries Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on VMI. Wall Street Zen raised shares of Valmont Industries from a “buy” rating to a “strong-buy” rating in a research report on Sunday, May 31st. Oppenheimer set a $600.00 target price on shares of Valmont Industries and gave the stock an “outperform” rating in a research report on Thursday, May 28th. Weiss Ratings raised shares of Valmont Industries from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, May 21st. DA Davidson lifted their price target on shares of Valmont Industries from $415.00 to $450.00 and gave the company a “neutral” rating in a report on Wednesday, February 18th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Valmont Industries from $480.00 to $510.00 and gave the company an “overweight” rating in a report on Wednesday, February 18th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $525.25.

Get Our Latest Research Report on VMI

Valmont Industries Company 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.

See Also

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

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