AQR Capital Management LLC Makes New Investment in Valmont Industries, Inc. (NYSE:VMI)

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AQR Capital Management LLC acquired a new position in Valmont Industries, Inc. (NYSE:VMI) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 2,560 shares of the industrial products company’s stock, valued at approximately $318,000.

Several other institutional investors have also recently modified their holdings of VMI. Invesco Ltd. raised its position in shares of Valmont Industries by 123.4% in the second quarter. Invesco Ltd. now owns 435,858 shares of the industrial products company’s stock worth $55,271,000 after acquiring an additional 240,714 shares during the period. Impax Asset Management Group plc raised its position in shares of Valmont Industries by 20.4% in the second quarter. Impax Asset Management Group plc now owns 885,612 shares of the industrial products company’s stock worth $112,304,000 after acquiring an additional 150,115 shares during the period. Atria Investments LLC acquired a new position in shares of Valmont Industries in the second quarter worth about $6,861,000. KBC Group NV raised its position in shares of Valmont Industries by 55.1% in the second quarter. KBC Group NV now owns 207,528 shares of the industrial products company’s stock worth $26,317,000 after acquiring an additional 73,744 shares during the period. Finally, Fiduciary Management Inc. WI raised its position in shares of Valmont Industries by 16.2% in the second quarter. Fiduciary Management Inc. WI now owns 469,979 shares of the industrial products company’s stock worth $59,598,000 after acquiring an additional 65,546 shares during the period. Institutional investors and hedge funds own 85.58% of the company’s stock.

A number of research analysts have weighed in on the stock. DA Davidson decreased their price objective on shares of Valmont Industries to $155.00 in a research report on Monday, October 7th. Zacks Investment Research downgraded shares of Valmont Industries from a “strong-buy” rating to a “hold” rating and set a $144.00 price objective for the company. in a research report on Saturday, July 27th. TheStreet upgraded shares of Valmont Industries from a “c+” rating to a “b” rating in a research report on Monday, September 16th. Finally, ValuEngine upgraded shares of Valmont Industries from a “sell” rating to a “hold” rating in a research report on Friday, July 12th. Three research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $150.67.

VMI stock opened at $136.02 on Friday. The stock has a market capitalization of $2.84 billion, a P/E ratio of 17.94, a P/E/G ratio of 1.53 and a beta of 1.42. The firm has a 50-day simple moving average of $136.82 and a 200-day simple moving average of $129.65. The company has a quick ratio of 1.89, a current ratio of 2.71 and a debt-to-equity ratio of 0.68. Valmont Industries, Inc. has a 52 week low of $103.01 and a 52 week high of $146.46.

Valmont Industries (NYSE:VMI) last released its earnings results on Tuesday, July 23rd. The industrial products company reported $2.10 EPS for the quarter, missing analysts’ consensus estimates of $2.24 by ($0.14). The company had revenue of $700.90 million for the quarter, compared to analysts’ expectations of $725.44 million. Valmont Industries had a return on equity of 14.86% and a net margin of 3.61%. The firm’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.98 EPS. On average, analysts expect that Valmont Industries, Inc. will post 8.44 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Friday, September 27th will be paid a dividend of $0.375 per share. The ex-dividend date is Thursday, September 26th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.10%. Valmont Industries’s dividend payout ratio is currently 19.79%.

In other news, VP Mark C. Jaksich sold 7,500 shares of the business’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $137.19, for a total transaction of $1,028,925.00. Following the completion of the sale, the vice president now owns 24,187 shares of the company’s stock, valued at $3,318,214.53. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Daas Kaj Den sold 700 shares of the business’s stock in a transaction dated Tuesday, July 30th. The stock was sold at an average price of $138.62, for a total transaction of $97,034.00. Following the sale, the director now directly owns 11,678 shares of the company’s stock, valued at approximately $1,618,804.36. The disclosure for this sale can be found here. 3.10% of the stock is owned by insiders.

Valmont Industries Profile

Valmont Industries, Inc produces and sells fabricated metal products in the United States and internationally. The company operates through four segments: Engineered Support Structures, Utility Support Structures, Coatings, and Irrigation. The Engineered Support Structures segment manufactures and distributes engineered metal, steel, aluminum, and composite poles, towers, and components for lighting, traffic, and wireless communication markets; engineered access systems; integrated structure solutions for smart cities; and highway safety products.

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Institutional Ownership by Quarter for Valmont Industries (NYSE:VMI)

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