Royce & Associates LP Has $62.72 Million Stock Position in Valmont Industries, Inc. $VMI

Royce & Associates LP reduced its position in Valmont Industries, Inc. (NYSE:VMI) by 9.1% in the 4th quarter, HoldingsChannel reports. The firm owned 155,893 shares of the industrial products company’s stock after selling 15,610 shares during the period. Valmont Industries makes up about 0.6% of Royce & Associates LP’s portfolio, making the stock its 16th largest position. Royce & Associates LP’s holdings in Valmont Industries were worth $62,719,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of VMI. Robert B. Daugherty Foundation acquired a new stake in Valmont Industries in the 4th quarter valued at about $100,580,000. Ninety One UK Ltd acquired a new stake in Valmont Industries during the fourth quarter worth approximately $66,103,000. AQR Capital Management LLC lifted its position in Valmont Industries by 118.8% during the third quarter. AQR Capital Management LLC now owns 282,610 shares of the industrial products company’s stock worth $108,884,000 after acquiring an additional 153,418 shares during the last quarter. Schroder Investment Management Group lifted its position in Valmont Industries by 882.8% during the third quarter. Schroder Investment Management Group now owns 98,962 shares of the industrial products company’s stock worth $37,829,000 after acquiring an additional 88,893 shares during the last quarter. Finally, Qube Research & Technologies Ltd lifted its position in Valmont Industries by 179.6% during the second quarter. Qube Research & Technologies Ltd now owns 117,342 shares of the industrial products company’s stock worth $38,320,000 after acquiring an additional 75,377 shares during the last quarter. 87.84% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have issued reports on VMI. Weiss Ratings upgraded shares of Valmont Industries from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday. Zacks Research upgraded shares of Valmont Industries from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 23rd. JPMorgan Chase & Co. raised their price objective on shares of Valmont Industries from $480.00 to $510.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 18th. DA Davidson raised their price objective on shares of Valmont Industries from $415.00 to $450.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 18th. Finally, Stifel Nicolaus raised their price objective on shares of Valmont Industries from $497.00 to $541.00 and gave the stock a “buy” rating in a research report on Wednesday, April 22nd. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $500.33.

Valmont Industries Stock Down 0.0%

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 firm’s 50 day moving average is $451.44 and its 200-day moving average is $437.04. The stock has a market capitalization 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 (NYSE:VMI) last announced its quarterly earnings data on Tuesday, April 21st. The industrial products company reported $5.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.72 by $0.79. The business had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $994.85 million. Valmont Industries had a net margin of 8.91% and a return on equity of 24.94%. The firm’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same period last year, the firm posted $4.32 earnings per share. Equities research analysts forecast that Valmont Industries, Inc. will post 22.78 EPS for the current year.

Valmont Industries Announces Dividend

The company 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 $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a 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 Valmont Industries stock in a transaction that occurred on Friday, April 24th. The shares were sold at an average price of $492.34, for a total value of $8,615,950.00. Following the transaction, the director directly owned 112,309 shares of the company’s stock, valued at $55,294,213.06. This trade represents a 13.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.42% of the stock is owned by company insiders.

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.