Quantum Portfolio Management LLC Buys Shares of 1,049 Valmont Industries, Inc. $VMI

Quantum Portfolio Management LLC purchased a new position in shares of Valmont Industries, Inc. (NYSE:VMI) in the 1st quarter, HoldingsChannel.com reports. The institutional investor purchased 1,049 shares of the industrial products company’s stock, valued at approximately $419,000.

Other large investors have also bought and sold shares of the company. Vanguard Personalized Indexing Management LLC grew its holdings in Valmont Industries by 0.9% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 2,303 shares of the industrial products company’s stock worth $927,000 after acquiring an additional 21 shares during the period. Allen Capital Group LLC increased its holdings in Valmont Industries by 2.2% in the fourth quarter. Allen Capital Group LLC now owns 1,130 shares of the industrial products company’s stock valued at $455,000 after purchasing an additional 24 shares during the last quarter. Public Employees Retirement System of Ohio lifted its stake in Valmont Industries by 0.4% in the third quarter. Public Employees Retirement System of Ohio now owns 7,565 shares of the industrial products company’s stock valued at $2,933,000 after buying an additional 29 shares during the period. Rothschild Investment LLC boosted its holdings in Valmont Industries by 7.1% during the fourth quarter. Rothschild Investment LLC now owns 453 shares of the industrial products company’s stock worth $182,000 after buying an additional 30 shares during the last quarter. Finally, Wedmont Private Capital grew its position in shares of Valmont Industries by 5.6% during the 4th quarter. Wedmont Private Capital now owns 582 shares of the industrial products company’s stock worth $245,000 after buying an additional 31 shares during the period. 87.84% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

VMI has been the topic of several recent analyst reports. Weiss Ratings raised shares of Valmont Industries from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, June 26th. Wall Street Zen lowered shares of Valmont Industries from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 27th. Oppenheimer set a $600.00 price objective on Valmont Industries and gave the stock an “outperform” rating in a research note on Thursday, May 28th. Zacks Research raised Valmont Industries from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 23rd. Finally, Stifel Nicolaus raised their price target on Valmont Industries from $541.00 to $645.00 and gave the stock a “buy” rating in a research report on Wednesday, June 17th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $573.75.

Insider Buying and Selling

In other news, Director Mogens C. Bay sold 17,500 shares of the stock in a transaction dated Friday, April 24th. The shares were sold at an average price of $492.34, for a total transaction of $8,615,950.00. Following the completion of the transaction, the director directly owned 112,309 shares in the company, valued at $55,294,213.06. This represents a 13.48% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 1.42% of the stock is owned by company insiders.

Valmont Industries Stock Up 1.2%

VMI stock opened at $546.74 on Friday. The business has a 50-day moving average of $535.87 and a 200-day moving average of $470.19. Valmont Industries, Inc. has a fifty-two week low of $326.22 and a fifty-two week high of $585.71. The stock has a market capitalization of $10.61 billion, a P/E ratio of 30.36, a P/E/G ratio of 1.25 and a beta of 1.33. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.38 and a quick ratio of 1.59.

Valmont Industries (NYSE:VMI) last released its quarterly earnings results on Tuesday, April 21st. The industrial products company reported $5.51 earnings per share for the quarter, topping analysts’ consensus estimates of $4.72 by $0.79. The firm had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $994.85 million. Valmont Industries had a return on equity of 24.94% and a net margin of 8.91%.The business’s revenue was up 6.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $4.32 EPS. On average, sell-side analysts anticipate that Valmont Industries, Inc. will post 22.83 earnings per share for the current fiscal year.

Valmont Industries Announces Dividend

The firm also recently declared 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 annualized dividend and a yield of 0.6%. The ex-dividend date is Friday, June 26th. Valmont Industries’s payout ratio is presently 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.