3,600 Shares in Valmont Industries, Inc. $VMI Bought by ING Groep NV

ING Groep NV bought a new position in shares of Valmont Industries, Inc. (NYSE:VMI) during the 4th quarter, HoldingsChannel.com reports. The fund bought 3,600 shares of the industrial products company’s stock, valued at approximately $1,448,000.

Several other institutional investors and hedge funds have also bought and sold shares of VMI. Community Bank N.A. bought a new position in Valmont Industries during the third quarter worth $25,000. Elyxium Wealth LLC bought a new position in Valmont Industries during the fourth quarter worth $27,000. Leonteq Securities AG bought a new position in Valmont Industries during the fourth quarter worth $30,000. State of Wyoming bought a new position in Valmont Industries during the fourth quarter worth $34,000. Finally, Abich Financial Wealth Management LLC bought a new position in Valmont Industries during the third quarter worth $36,000. 87.84% of the stock is owned by institutional investors.

Insider Buying and Selling at Valmont Industries

In other Valmont Industries news, Director Mogens C. Bay sold 17,500 shares of the firm’s stock in a transaction 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 approximately $55,294,213.06. This trade represents a 13.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.42% of the company’s stock.

Wall Street Analysts Forecast Growth

VMI has been the topic of several research analyst reports. Wall Street Zen raised shares of Valmont Industries from a “buy” rating to a “strong-buy” rating in a research note on Sunday, May 31st. Stifel Nicolaus increased their target price on shares of Valmont Industries from $497.00 to $541.00 and gave the stock a “buy” rating in a research note on Wednesday, April 22nd. DA Davidson increased their target price on shares of Valmont Industries from $415.00 to $450.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 18th. 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 note on Wednesday, February 18th. Finally, Zacks Research raised shares of Valmont Industries from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 23rd. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $525.25.

Valmont Industries Stock Down 0.6%

Valmont Industries stock opened at $532.47 on Wednesday. Valmont Industries, Inc. has a 1-year low of $316.56 and a 1-year high of $548.90. The firm has a market capitalization of $10.34 billion, a price-to-earnings ratio of 29.57, a price-to-earnings-growth ratio of 1.23 and a beta of 1.34. The firm’s fifty day moving average price is $480.42 and its two-hundred day moving average price is $447.21. 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 released its quarterly earnings data 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. 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 analyst estimates of $994.85 million. During the same period last year, the firm earned $4.32 earnings per share. The business’s quarterly revenue was up 6.2% compared to the same quarter last year. On average, equities research analysts predict that Valmont Industries, Inc. will post 22.83 earnings per share for the current fiscal year.

Valmont Industries Dividend Announcement

The firm also recently disclosed 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 dividend 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%.

Valmont Industries Company 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.