Allianz Asset Management GmbH Cuts Stock Position in Valmont Industries, Inc. $VMI

Allianz Asset Management GmbH cut its holdings in Valmont Industries, Inc. (NYSE:VMI) by 9.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 255,653 shares of the industrial products company’s stock after selling 28,087 shares during the quarter. Allianz Asset Management GmbH’s holdings in Valmont Industries were worth $102,854,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Invesco Ltd. grew its holdings in shares of Valmont Industries by 8.3% in the third quarter. Invesco Ltd. now owns 422,997 shares of the industrial products company’s stock valued at $164,009,000 after purchasing an additional 32,382 shares in the last quarter. Earnest Partners LLC grew its holdings in shares of Valmont Industries by 1.7% in the third 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 grew its holdings in shares of Valmont Industries by 3.5% in 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 purchasing an additional 12,480 shares in the last quarter. Sei Investments Co. lifted its position in Valmont Industries by 3.1% in the third quarter. Sei Investments Co. now owns 290,948 shares of the industrial products company’s stock worth $112,809,000 after buying an additional 8,715 shares during the last quarter. Finally, AQR Capital Management LLC lifted its position 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 during the last quarter. 87.84% of the stock is owned by hedge funds and other institutional investors.

Valmont Industries Price Performance

VMI opened at $513.12 on Thursday. The business’s 50-day moving average is $483.00 and its two-hundred day moving average is $448.15. Valmont Industries, Inc. has a 1 year low of $316.56 and a 1 year high of $548.90. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.38 and a quick ratio of 1.59. The firm has a market capitalization of $9.96 billion, a PE ratio of 28.49, a price-to-earnings-growth ratio of 1.23 and a beta of 1.34.

Valmont Industries (NYSE:VMI) last issued its quarterly earnings results on Tuesday, April 21st. The industrial products company reported $5.51 earnings per share for the quarter, topping analysts’ consensus estimates of $4.72 by $0.79. Valmont Industries had a return on equity of 24.94% and a net margin of 8.91%.The business had revenue of $1.03 billion for the quarter, compared to analyst estimates of $994.85 million. During the same quarter in the previous year, the firm earned $4.32 earnings per share. The company’s revenue was up 6.2% on a year-over-year basis. Research analysts anticipate that Valmont Industries, Inc. will post 22.83 earnings per share for the current fiscal year.

Valmont Industries Dividend Announcement

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

Insider Activity at Valmont Industries

In related news, Director Mogens C. Bay sold 17,500 shares of Valmont Industries stock in a transaction dated Friday, April 24th. The stock was sold at an average price of $492.34, for a total transaction of $8,615,950.00. Following the completion of the sale, the director owned 112,309 shares of the company’s stock, valued at $55,294,213.06. The trade was a 13.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.42% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

VMI has been the subject of a number of analyst reports. Oppenheimer set a $600.00 price target on Valmont Industries and gave the stock an “outperform” rating in a research report on Thursday, May 28th. Wall Street Zen upgraded Valmont Industries from a “buy” rating to a “strong-buy” rating in a research report on Sunday, May 31st. Zacks Research upgraded Valmont Industries from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 23rd. Weiss Ratings upgraded Valmont Industries from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, May 21st. Finally, DA Davidson raised their price target on Valmont Industries from $415.00 to $450.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 18th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, Valmont Industries currently has a consensus rating of “Buy” and a consensus price target of $525.25.

Valmont Industries Company Profile

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.