Pioneer Trust Bank N A OR lowered its stake in Valmont Industries, Inc. (NYSE:VMI – Free Report) by 4.6% during the 1st quarter, HoldingsChannel.com reports. The fund owned 43,288 shares of the industrial products company’s stock after selling 2,087 shares during the quarter. Valmont Industries makes up 4.2% of Pioneer Trust Bank N A OR’s portfolio, making the stock its 6th biggest holding. Pioneer Trust Bank N A OR’s holdings in Valmont Industries were worth $17,297,000 at the end of the most recent reporting period.
A number of other hedge funds have also added to or reduced their stakes in the stock. Invesco Ltd. lifted its position in shares of Valmont Industries by 8.3% in the 3rd quarter. Invesco Ltd. now owns 422,997 shares of the industrial products company’s stock worth $164,009,000 after purchasing an additional 32,382 shares during the period. Earnest Partners LLC boosted its stake in shares of Valmont Industries by 1.7% during the 3rd quarter. Earnest Partners LLC now owns 399,388 shares of the industrial products company’s stock valued at $154,855,000 after purchasing an additional 6,799 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Valmont Industries by 3.5% during the fourth quarter. Geode Capital Management LLC now owns 369,059 shares of the industrial products company’s stock valued at $148,509,000 after buying an additional 12,480 shares during the period. Sei Investments Co. increased its position in shares of Valmont Industries by 3.1% during the third quarter. Sei Investments Co. now owns 290,948 shares of the industrial products company’s stock valued at $112,809,000 after buying an additional 8,715 shares during the period. Finally, AQR Capital Management LLC raised its stake in Valmont Industries by 118.8% in the third quarter. AQR Capital Management LLC now owns 282,610 shares of the industrial products company’s stock worth $108,884,000 after buying an additional 153,418 shares in the last quarter. 87.84% of the stock is owned by hedge funds and other institutional investors.
Insider Activity 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 stock was sold at an average price of $492.34, for a total value of $8,615,950.00. Following the sale, the director owned 112,309 shares in the company, valued at $55,294,213.06. This represents a 13.48% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 1.42% of the stock is currently owned by corporate insiders.
Analysts Set New Price Targets
Get Our Latest Analysis on Valmont Industries
Valmont Industries Trading Down 4.3%
Shares of NYSE VMI opened at $540.00 on Wednesday. Valmont Industries, Inc. has a 1 year low of $326.22 and a 1 year high of $585.71. The stock has a market cap of $10.48 billion, a P/E ratio of 29.98, a price-to-earnings-growth ratio of 1.30 and a beta of 1.33. The firm has a 50-day moving average of $534.02 and a 200 day moving average of $468.30. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.38 and a quick ratio of 1.59.
Valmont Industries (NYSE:VMI – Get Free Report) last posted its quarterly earnings data on Tuesday, April 21st. The industrial products company reported $5.51 EPS for the quarter, topping the consensus estimate of $4.72 by $0.79. The business had revenue of $1.03 billion for the quarter, compared to analyst estimates of $994.85 million. Valmont Industries had a net margin of 8.91% and a return on equity of 24.94%. Valmont Industries’s quarterly revenue was up 6.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.32 earnings per share. As a group, sell-side analysts expect that Valmont Industries, Inc. will post 22.83 EPS for the current fiscal year.
Valmont Industries Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Friday, June 26th will be given a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Friday, June 26th. Valmont Industries’s payout ratio is currently 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.
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