Valmont Industries, Inc. $VMI is Pioneer Trust Bank N A OR’s 6th Largest Position

Pioneer Trust Bank N A OR trimmed its position in shares of Valmont Industries, Inc. (NYSE:VMI) by 4.3% in the 4th quarter, Holdings Channel.com reports. The fund owned 45,375 shares of the industrial products company’s stock after selling 2,024 shares during the quarter. Valmont Industries comprises about 4.2% of Pioneer Trust Bank N A OR’s holdings, making the stock its 6th biggest position. Pioneer Trust Bank N A OR’s holdings in Valmont Industries were worth $18,255,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of VMI. Robert B. Daugherty Foundation purchased a new stake in shares of Valmont Industries during the fourth quarter worth $100,580,000. Ninety One UK Ltd purchased a new stake in shares of Valmont Industries during the fourth quarter worth $66,103,000. AQR Capital Management LLC grew its position in Valmont Industries by 118.8% in 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 in the last quarter. Schroder Investment Management Group grew its position in Valmont Industries by 882.8% in 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 in the last quarter. Finally, Qube Research & Technologies Ltd increased its stake in shares of Valmont Industries by 179.6% during the 2nd quarter. Qube Research & Technologies Ltd now owns 117,342 shares of the industrial products company’s stock worth $38,320,000 after purchasing an additional 75,377 shares during the last quarter. 87.84% of the stock is currently owned by hedge funds and other institutional investors.

Valmont Industries Trading Down 0.0%

Valmont Industries stock opened at $513.40 on Tuesday. 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 company has a market capitalization of $9.97 billion, a price-to-earnings ratio of 28.51 and a beta of 1.36. Valmont Industries, Inc. has a one year low of $307.94 and a one year high of $528.49. The company’s fifty day moving average price is $451.44 and its two-hundred day moving average price is $437.04.

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

Valmont Industries Announces Dividend

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

Analysts Set New Price Targets

VMI has been the subject of several analyst reports. DA Davidson lifted their price objective on shares of Valmont Industries from $415.00 to $450.00 and gave the company a “neutral” rating in a research note on Wednesday, February 18th. Wall Street Zen downgraded shares of Valmont Industries from a “strong-buy” rating to a “buy” rating in a research report on Saturday. 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 report on Wednesday, April 22nd. Zacks Research raised shares of Valmont Industries from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 23rd. Finally, 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. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $500.33.

Insider Activity at Valmont Industries

In other news, Director Mogens C. Bay sold 17,500 shares of Valmont Industries stock in a transaction dated Friday, April 24th. The stock was 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 in the company, 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 document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.42% of the company’s stock.

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.