California Public Employees Retirement System Has $9.44 Million Stake in Valmont Industries, Inc. (VMI)

California Public Employees Retirement System lifted its stake in Valmont Industries, Inc. (NYSE:VMI) by 5.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 59,730 shares of the industrial products company’s stock after acquiring an additional 2,930 shares during the period. California Public Employees Retirement System owned 0.26% of Valmont Industries worth $9,443,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the company. Riverhead Capital Management LLC lifted its stake in Valmont Industries by 85.6% during the second quarter. Riverhead Capital Management LLC now owns 1,299 shares of the industrial products company’s stock valued at $194,000 after purchasing an additional 599 shares during the last quarter. Verity Asset Management Inc. lifted its stake in Valmont Industries by 8.1% during the second quarter. Verity Asset Management Inc. now owns 1,588 shares of the industrial products company’s stock valued at $238,000 after purchasing an additional 119 shares during the last quarter. Trexquant Investment LP acquired a new stake in Valmont Industries during the third quarter valued at approximately $252,000. Balyasny Asset Management LLC acquired a new stake in Valmont Industries during the second quarter valued at approximately $246,000. Finally, Parametrica Management Ltd acquired a new stake in Valmont Industries during the third quarter valued at approximately $268,000. 85.26% of the stock is owned by institutional investors.

Valmont Industries, Inc. (NYSE VMI) opened at $170.55 on Friday. Valmont Industries, Inc. has a 12 month low of $136.75 and a 12 month high of $176.35. The company has a market cap of $3,822.96, a price-to-earnings ratio of 20.35, a PEG ratio of 2.12 and a beta of 1.06. The company has a debt-to-equity ratio of 0.65, a quick ratio of 2.53 and a current ratio of 3.50.

Valmont Industries (NYSE:VMI) last announced its quarterly earnings results on Wednesday, October 18th. The industrial products company reported $1.56 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.60 by ($0.04). Valmont Industries had a return on equity of 14.56% and a net margin of 7.02%. The business had revenue of $680.78 million for the quarter, compared to analyst estimates of $652.65 million. During the same quarter last year, the company earned $1.48 EPS. The business’s revenue for the quarter was up 11.6% compared to the same quarter last year. research analysts forecast that Valmont Industries, Inc. will post 6.98 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Friday, December 29th will be paid a $0.375 dividend. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $1.50 dividend on an annualized basis and a yield of 0.88%. Valmont Industries’s payout ratio is presently 17.90%.

In related news, VP Vanessa Kay Brown sold 3,059 shares of the firm’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $171.74, for a total value of $525,352.66. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 3.30% of the company’s stock.

Several brokerages recently commented on VMI. Zacks Investment Research upgraded shares of Valmont Industries from a “sell” rating to a “hold” rating in a research report on Monday, November 6th. Stifel Nicolaus downgraded shares of Valmont Industries from a “buy” rating to a “hold” rating and reduced their price target for the company from $177.00 to $174.00 in a research report on Monday, December 11th. Finally, Boenning Scattergood restated a “buy” rating and issued a $185.00 price target on shares of Valmont Industries in a research report on Friday, November 10th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $174.25.

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Valmont Industries Profile

Valmont Industries, Inc is a producer of fabricated metal products, and steel, aluminum and composite pole, tower and other structures, and mechanized irrigation systems. The Company’s segments are Engineered Support Structures (ESS); Utility Support Structures; Energy and Mining; Coatings; Irrigation, and Other.

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

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