Fideuram Intesa Sanpaolo Private Banking S.P.A. Makes New $1.79 Million Investment in Valmont Industries, Inc. $VMI

Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new position in Valmont Industries, Inc. (NYSE:VMI) during the fourth quarter, Holdings Channel reports. The institutional investor bought 4,438 shares of the industrial products company’s stock, valued at approximately $1,785,000.

A number of other large investors have also recently bought and sold shares of the business. Jefferies Financial Group Inc. bought a new position in Valmont Industries in the fourth quarter worth about $967,000. MQS Management LLC lifted its holdings in Valmont Industries by 25.0% in the fourth quarter. MQS Management LLC now owns 1,021 shares of the industrial products company’s stock worth $411,000 after acquiring an additional 204 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in Valmont Industries by 9.3% in the fourth quarter. EverSource Wealth Advisors LLC now owns 459 shares of the industrial products company’s stock worth $185,000 after acquiring an additional 39 shares during the last quarter. Kingdom Financial Group LLC. bought a new position in Valmont Industries in the fourth quarter worth about $117,000. Finally, Global Retirement Partners LLC lifted its holdings in Valmont Industries by 12,712.5% in the fourth quarter. Global Retirement Partners LLC now owns 1,025 shares of the industrial products company’s stock worth $412,000 after acquiring an additional 1,017 shares during the last quarter. Institutional investors own 87.84% of the company’s stock.

Insider Activity at Valmont Industries

In related news, Director Mogens C. Bay sold 17,500 shares of the firm’s stock in a transaction that occurred 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 transaction, the director owned 112,309 shares in the company, valued at $55,294,213.06. This trade represents a 13.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.42% of the stock is owned by corporate insiders.

Valmont Industries Stock Performance

VMI opened at $513.40 on Friday. The business’s 50 day moving average is $449.57 and its 200-day moving average is $436.10. The stock has a market cap of $9.97 billion, a PE ratio of 28.51 and a beta of 1.36. The company has a current ratio of 2.38, a quick ratio of 1.59 and a debt-to-equity ratio of 0.47. Valmont Industries, Inc. has a twelve month low of $307.94 and a twelve month high of $528.49.

Valmont Industries (NYSE:VMI) last released its quarterly earnings results on Tuesday, April 21st. The industrial products company reported $5.51 earnings per share for the quarter, beating analysts’ consensus estimates of $4.72 by $0.79. The company had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $994.85 million. Valmont Industries had a return on equity of 24.94% and a net margin of 8.91%.The business’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.32 earnings per share. On average, analysts predict that Valmont Industries, Inc. will post 22.78 earnings per share for the current year.

Valmont Industries Dividend Announcement

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

Analysts Set New Price Targets

A number of equities analysts have issued reports on VMI shares. DA Davidson raised their target price on shares of Valmont Industries from $415.00 to $450.00 and gave the stock a “neutral” rating in a report on Wednesday, February 18th. Zacks Research raised Valmont Industries from a “hold” rating to a “strong-buy” rating in a report on Thursday, April 23rd. Weiss Ratings raised Valmont Industries from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday. JPMorgan Chase & Co. lifted their price target on Valmont Industries from $480.00 to $510.00 and gave the company an “overweight” rating in a report on Wednesday, February 18th. Finally, Wall Street Zen cut Valmont Industries from a “strong-buy” rating to a “buy” rating in a report on Saturday. 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 stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of $500.33.

Valmont Industries 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.