AlphaQuest LLC Acquires 10,471 Shares of Valmont Industries, Inc. $VMI

AlphaQuest LLC grew its holdings in shares of Valmont Industries, Inc. (NYSE:VMI) by 2,098.4% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 10,970 shares of the industrial products company’s stock after buying an additional 10,471 shares during the period. Valmont Industries accounts for 0.2% of AlphaQuest LLC’s portfolio, making the stock its 17th largest position. AlphaQuest LLC’s holdings in Valmont Industries were worth $4,413,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of VMI. Millennium Management LLC increased its holdings in Valmont Industries by 225.1% during the 1st quarter. Millennium Management LLC now owns 67,630 shares of the industrial products company’s stock worth $19,300,000 after purchasing an additional 46,825 shares during the period. Goldman Sachs Group Inc. increased its holdings in Valmont Industries by 8.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 59,127 shares of the industrial products company’s stock worth $16,873,000 after purchasing an additional 4,676 shares during the period. Empowered Funds LLC purchased a new position in Valmont Industries during the 1st quarter worth $265,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Valmont Industries by 3.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 72,511 shares of the industrial products company’s stock worth $20,692,000 after purchasing an additional 2,639 shares during the period. Finally, Geneos Wealth Management Inc. increased its holdings in 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 during the period. Hedge funds and other institutional investors own 87.84% of the company’s stock.

Insider Activity at Valmont Industries

In other news, Director Mogens C. Bay sold 17,500 shares of the stock in a transaction on 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 in the company, valued at approximately $55,294,213.06. This represents a 13.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.42% of the company’s stock.

Valmont Industries Stock Performance

Shares of VMI opened at $513.40 on Tuesday. Valmont Industries, Inc. has a 12 month low of $307.94 and a 12 month high of $528.49. The stock has a fifty day moving average price of $451.44 and a 200-day moving average price of $437.04. 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 firm has a market cap of $9.97 billion, a PE ratio of 28.51 and a beta of 1.36.

Valmont Industries (NYSE:VMI) last issued its quarterly earnings data 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 return on equity of 24.94% and a net margin of 8.91%.The firm had revenue of $1.03 billion during the quarter, compared to analyst estimates of $994.85 million. During the same quarter in the prior year, the business posted $4.32 EPS. The business’s revenue for the quarter was up 6.2% compared to the same quarter last year. Equities research analysts predict that Valmont Industries, Inc. will post 22.78 earnings per share for the current fiscal year.

Valmont Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders 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 is Friday, June 26th. Valmont Industries’s dividend payout ratio is currently 17.10%.

Analyst Ratings Changes

Several analysts recently weighed in on the company. JPMorgan Chase & Co. lifted their price objective on Valmont Industries from $480.00 to $510.00 and gave the company an “overweight” rating in a report on Wednesday, February 18th. DA Davidson raised their target price on shares of Valmont Industries from $415.00 to $450.00 and gave the company a “neutral” rating in a research report on Wednesday, February 18th. Wall Street Zen downgraded shares of Valmont Industries from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Zacks Research raised shares of 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 shares of Valmont Industries from $497.00 to $541.00 and gave the company a “buy” rating in a research report on Wednesday, April 22nd. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Valmont Industries currently has an average rating of “Buy” and an average target price of $500.33.

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.