Fox Run Management L.L.C. Takes $1.02 Million Position in Valmont Industries, Inc. $VMI

Fox Run Management L.L.C. bought a new stake in shares of Valmont Industries, Inc. (NYSE:VMI) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 2,536 shares of the industrial products company’s stock, valued at approximately $1,020,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Community Bank N.A. purchased a new position in shares of Valmont Industries during the 3rd quarter valued at approximately $25,000. Elyxium Wealth LLC purchased a new position in shares of Valmont Industries during the 4th quarter valued at approximately $27,000. Leonteq Securities AG purchased a new position in shares of Valmont Industries during the 4th quarter valued at approximately $30,000. State of Wyoming purchased a new position in shares of Valmont Industries during the 4th quarter valued at approximately $34,000. Finally, Abich Financial Wealth Management LLC purchased a new position in shares of Valmont Industries during the 3rd quarter valued at approximately $36,000. Hedge funds and other institutional investors own 87.84% of the company’s stock.

Insider Activity at Valmont Industries

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

Valmont Industries Trading Down 0.6%

Shares of VMI stock opened at $532.47 on Wednesday. The stock’s fifty day moving average is $480.42 and its two-hundred day moving average is $447.21. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.59 and a current ratio of 2.38. The firm has a market capitalization of $10.34 billion, a P/E ratio of 29.57, a PEG ratio of 1.23 and a beta of 1.34. Valmont Industries, Inc. has a fifty-two week low of $316.56 and a fifty-two week high of $548.90.

Valmont Industries (NYSE:VMI) last announced 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. The company had revenue of $1.03 billion for the quarter, compared to analyst estimates of $994.85 million. Valmont Industries had a return on equity of 24.94% and a net margin of 8.91%.The firm’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same quarter last year, the firm posted $4.32 EPS. Research analysts expect that Valmont Industries, Inc. will post 22.83 earnings per share for the current fiscal year.

Valmont Industries Announces Dividend

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

Wall Street Analysts Forecast Growth

VMI has been the topic of a number of recent analyst reports. Oppenheimer set a $600.00 target price on Valmont Industries and gave the company an “outperform” rating in a research report on Thursday, May 28th. Wall Street Zen upgraded Valmont Industries from a “buy” rating to a “strong-buy” rating in a report on Sunday, May 31st. DA Davidson raised their price objective on Valmont Industries from $415.00 to $450.00 and gave the company a “neutral” rating in a report on Wednesday, February 18th. JPMorgan Chase & Co. raised their price objective on Valmont Industries from $480.00 to $510.00 and gave the company an “overweight” rating in a report on Wednesday, February 18th. Finally, Zacks Research upgraded Valmont Industries from a “hold” rating to a “strong-buy” rating in a report on Thursday, April 23rd. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Valmont Industries has an average rating of “Buy” and an average target price of $525.25.

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.