Raiffeisen Bank International AG Reduces Holdings in Valmont Industries, Inc. $VMI

Raiffeisen Bank International AG lessened its position in shares of Valmont Industries, Inc. (NYSE:VMI) by 20.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 20,000 shares of the industrial products company’s stock after selling 5,000 shares during the period. Raiffeisen Bank International AG’s holdings in Valmont Industries were worth $8,149,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in VMI. Robert B. Daugherty Foundation purchased a new position in shares of Valmont Industries during the 4th quarter valued at $100,580,000. Norges Bank purchased a new position in shares of Valmont Industries during the 4th quarter valued at $99,799,000. Ninety One UK Ltd purchased a new position in shares of Valmont Industries during the 4th quarter valued at $66,103,000. AQR Capital Management LLC lifted its position in shares of Valmont Industries by 118.8% during the 3rd quarter. AQR Capital Management LLC now owns 282,610 shares of the industrial products company’s stock valued at $108,884,000 after buying an additional 153,418 shares during the last quarter. Finally, Schroder Investment Management Group lifted its position in shares of Valmont Industries by 882.8% during the 3rd quarter. Schroder Investment Management Group now owns 98,962 shares of the industrial products company’s stock valued at $37,829,000 after buying an additional 88,893 shares during the last quarter. Hedge funds and other institutional investors own 87.84% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Wall Street Zen raised Valmont Industries from a “buy” rating to a “strong-buy” rating in a research report on Sunday, May 31st. Stifel Nicolaus boosted their price objective on Valmont Industries from $497.00 to $541.00 and gave the company a “buy” rating in a research note on Wednesday, April 22nd. JPMorgan Chase & Co. boosted their price objective on Valmont Industries from $480.00 to $510.00 and gave the company an “overweight” rating in a research note on Wednesday, February 18th. Oppenheimer set a $600.00 price objective on Valmont Industries and gave the company an “outperform” rating in a research note on Thursday, May 28th. Finally, Zacks Research upgraded Valmont Industries from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 23rd. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $525.25.

Valmont Industries Stock Performance

NYSE:VMI opened at $528.59 on Friday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.59 and a current ratio of 2.38. Valmont Industries, Inc. has a 52-week low of $316.56 and a 52-week high of $548.90. The firm has a market cap of $10.26 billion, a price-to-earnings ratio of 29.35, a PEG ratio of 1.18 and a beta of 1.34. The business’s fifty day moving average is $485.59 and its 200 day moving average is $449.11.

Valmont Industries (NYSE:VMI) last announced its 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 business 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 company’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same period in the prior year, the company earned $4.32 EPS. Research analysts predict that Valmont Industries, Inc. will post 22.83 EPS for the current year.

Valmont Industries Dividend Announcement

The firm also recently announced 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 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date is Friday, June 26th. Valmont Industries’s dividend payout ratio is currently 17.10%.

Insiders Place Their Bets

In other Valmont Industries news, Director Mogens C. Bay sold 17,500 shares of the company’s 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 $55,294,213.06. This represents a 13.48% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.42% of the stock is owned by corporate insiders.

Valmont Industries Company 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.