Arbejdsmarkedets Tillaegspension Grows Stake in Valmont Industries, Inc. $VMI

Arbejdsmarkedets Tillaegspension lifted its holdings in Valmont Industries, Inc. (NYSE:VMI) by 11.6% in the 1st quarter, Holdings Channel.com reports. The firm owned 62,714 shares of the industrial products company’s stock after acquiring an additional 6,509 shares during the quarter. Arbejdsmarkedets Tillaegspension’s holdings in Valmont Industries were worth $25,059,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Community Bank N.A. purchased a new stake in shares of Valmont Industries during the 3rd quarter worth $25,000. Elyxium Wealth LLC purchased a new position in Valmont Industries in the fourth quarter valued at about $27,000. Caitong International Asset Management Co. Ltd purchased a new position in Valmont Industries in the fourth quarter valued at about $27,000. Leonteq Securities AG bought a new position in Valmont Industries in the fourth quarter worth about $30,000. Finally, State of Wyoming acquired a new stake in Valmont Industries in the fourth quarter valued at approximately $34,000. 87.84% of the stock is owned by hedge funds and other institutional investors.

Valmont Industries Price Performance

Shares of NYSE:VMI opened at $540.89 on Tuesday. Valmont Industries, Inc. has a twelve month low of $326.22 and a twelve month high of $585.71. The company’s 50 day moving average is $537.63 and its 200 day moving average is $471.98. The company has a current ratio of 2.38, a quick ratio of 1.59 and a debt-to-equity ratio of 0.47. The company has a market cap of $10.50 billion, a PE ratio of 30.03, a price-to-earnings-growth ratio of 1.26 and a beta of 1.33.

Valmont Industries (NYSE:VMI) last posted its quarterly earnings results on Tuesday, April 21st. The industrial products company reported $5.51 earnings per share (EPS) for the quarter, topping 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 company had revenue of $1.03 billion during the quarter, compared to analyst estimates of $994.85 million. During the same period last year, the firm posted $4.32 EPS. Valmont Industries’s revenue for the quarter was up 6.2% compared to the same quarter last year. On average, sell-side analysts forecast that Valmont Industries, Inc. will post 22.83 EPS for the current year.

Valmont Industries Announces Dividend

The firm 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. This represents a $3.08 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Friday, June 26th. Valmont Industries’s dividend payout ratio (DPR) is 17.10%.

Insider Transactions at Valmont Industries

In related news, Director Mogens C. Bay sold 17,500 shares of the business’s stock in a transaction on Friday, April 24th. The shares were sold at an average price of $492.34, for a total transaction of $8,615,950.00. Following the completion of the transaction, the director directly owned 112,309 shares in the company, 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 at this hyperlink. 1.42% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have issued reports on VMI. Oppenheimer set a $600.00 price target on shares of Valmont Industries and gave the stock an “outperform” rating in a report on Thursday, May 28th. Stifel Nicolaus increased their price target on Valmont Industries from $541.00 to $645.00 and gave the company a “buy” rating in a research note on Wednesday, June 17th. Zacks Research raised Valmont Industries from a “hold” rating to a “strong-buy” rating in a report on Thursday, April 23rd. Wall Street Zen lowered Valmont Industries from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 27th. Finally, Weiss Ratings upgraded shares of Valmont Industries from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, June 26th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, Valmont Industries presently has a consensus rating of “Buy” and an average price target of $573.75.

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.