Geode Capital Management LLC Raises Holdings in Valmont Industries, Inc. $VMI

Geode Capital Management LLC boosted its position in Valmont Industries, Inc. (NYSE:VMI) by 3.5% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 369,059 shares of the industrial products company’s stock after acquiring an additional 12,480 shares during the period. Geode Capital Management LLC’s holdings in Valmont Industries were worth $148,509,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Azzad Asset Management Inc. ADV purchased a new stake in Valmont Industries in the 3rd quarter worth approximately $739,000. Congress Asset Management Co. grew its stake in Valmont Industries by 14.1% in the 4th quarter. Congress Asset Management Co. now owns 85,346 shares of the industrial products company’s stock worth $34,336,000 after acquiring an additional 10,518 shares during the period. Tudor Investment Corp ET AL purchased a new stake in Valmont Industries in the 3rd quarter worth approximately $1,749,000. Dakota Wealth Management purchased a new stake in Valmont Industries in the 4th quarter worth approximately $581,000. Finally, Jupiter Asset Management Ltd. grew its stake in Valmont Industries by 838.7% in the 3rd quarter. Jupiter Asset Management Ltd. now owns 32,837 shares of the industrial products company’s stock worth $12,732,000 after acquiring an additional 29,339 shares during the period. 87.84% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

VMI has been the subject of several recent analyst reports. Zacks Research raised shares of Valmont Industries from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 23rd. Oppenheimer set a $600.00 target price on shares of Valmont Industries and gave the stock an “outperform” rating in a research note on Thursday, May 28th. 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. Stifel Nicolaus lifted 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. Finally, 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. One 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 stock. According to MarketBeat.com, Valmont Industries currently has an average rating of “Buy” and an average price target of $525.25.

Insider Buying and Selling at Valmont Industries

In other Valmont Industries news, Director Mogens C. Bay sold 17,500 shares of Valmont Industries 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 owned 112,309 shares in the company, valued at $55,294,213.06. This trade represents a 13.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.42% of the stock is currently owned by company insiders.

Valmont Industries Stock Down 0.3%

Shares of VMI opened at $545.66 on Friday. The firm has a market cap of $10.59 billion, a PE ratio of 30.30, a price-to-earnings-growth ratio of 1.26 and a beta of 1.34. The company’s fifty day moving average is $472.32 and its two-hundred day moving average is $444.16. Valmont Industries, Inc. has a fifty-two week low of $316.56 and a fifty-two week high of $548.90. The company has a quick ratio of 1.59, a current ratio of 2.38 and a debt-to-equity ratio of 0.47.

Valmont Industries (NYSE:VMI) last announced 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 analyst estimates of $994.85 million. Valmont Industries had a net margin of 8.91% and a return on equity of 24.94%. Valmont Industries’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same quarter last year, the business earned $4.32 EPS. Analysts forecast that Valmont Industries, Inc. will post 22.83 earnings per share for the current year.

Valmont Industries Dividend Announcement

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

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.