Valmont Industries, Inc. $VMI Shares Acquired by Global Retirement Partners LLC

Global Retirement Partners LLC increased its stake in shares of Valmont Industries, Inc. (NYSE:VMI) by 12,712.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,025 shares of the industrial products company’s stock after buying an additional 1,017 shares during the quarter. Global Retirement Partners LLC’s holdings in Valmont Industries were worth $412,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of VMI. Leonteq Securities AG acquired a new stake in Valmont Industries in the fourth quarter valued at about $30,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in shares of Valmont Industries during the 4th quarter valued at approximately $1,785,000. Handelsbanken Fonder AB raised its stake in shares of Valmont Industries by 85.4% during the 4th quarter. Handelsbanken Fonder AB now owns 41,147 shares of the industrial products company’s stock worth $16,554,000 after buying an additional 18,955 shares during the last quarter. ProShare Advisors LLC raised its stake in shares of Valmont Industries by 16.9% during the 4th quarter. ProShare Advisors LLC now owns 1,085 shares of the industrial products company’s stock worth $437,000 after buying an additional 157 shares during the last quarter. Finally, North Dakota State Investment Board acquired a new position in shares of Valmont Industries during the 4th quarter worth approximately $280,000. 87.84% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently weighed in on VMI shares. Weiss Ratings raised shares of Valmont Industries from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, May 21st. JPMorgan Chase & Co. increased their target price 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 increased their price target on Valmont Industries from $415.00 to $450.00 and gave the company a “neutral” rating in a report on Wednesday, February 18th. Zacks Research upgraded Valmont Industries from a “hold” rating to a “strong-buy” rating in a report on Thursday, April 23rd. Finally, Oppenheimer set a $600.00 target price on Valmont Industries and gave the company an “outperform” rating in a research note on Thursday. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, Valmont Industries presently has a consensus rating of “Buy” and an average target price of $525.25.

Insider Buying and Selling at Valmont Industries

In other news, Director Mogens C. Bay sold 17,500 shares of Valmont Industries stock in a transaction that occurred 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 sale, the director owned 112,309 shares of the company’s stock, valued at approximately $55,294,213.06. The trade was a 13.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 1.42% of the company’s stock.

Valmont Industries Stock Performance

Shares of VMI opened at $525.63 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.38 and a quick ratio of 1.59. The business’s fifty day moving average price is $458.46 and its 200 day moving average price is $439.53. Valmont Industries, Inc. has a 12-month low of $310.00 and a 12-month high of $535.32. The stock has a market capitalization of $10.20 billion, a PE ratio of 29.19 and a beta of 1.36.

Valmont Industries (NYSE:VMI) last issued its 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 firm had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $994.85 million. During the same quarter last year, the company posted $4.32 earnings per share. Valmont Industries’s revenue was up 6.2% on a year-over-year basis. Equities research analysts forecast that Valmont Industries, Inc. will post 22.78 EPS for the current year.

Valmont Industries Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders 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 is Friday, June 26th. Valmont Industries’s dividend payout ratio (DPR) is presently 17.10%.

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.