Riverwater Partners LLC Has $1.48 Million Holdings in Valmont Industries, Inc. $VMI

Riverwater Partners LLC grew its position in Valmont Industries, Inc. (NYSE:VMI) by 195.4% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 3,675 shares of the industrial products company’s stock after acquiring an additional 2,431 shares during the period. Riverwater Partners LLC’s holdings in Valmont Industries were worth $1,479,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Robert B. Daugherty Foundation bought a new position in Valmont Industries in the fourth quarter valued at about $100,580,000. Norges Bank acquired a new position in shares of Valmont Industries in the fourth quarter valued at approximately $99,799,000. Ninety One UK Ltd bought a new position in Valmont Industries in the 4th quarter valued at approximately $66,103,000. AQR Capital Management LLC raised its holdings in Valmont Industries by 118.8% in 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 boosted its position in 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 worth $37,829,000 after buying an additional 88,893 shares during the period. Institutional investors own 87.84% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on VMI shares. 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. Stifel Nicolaus increased their price objective on Valmont Industries from $497.00 to $541.00 and gave the company a “buy” rating in a report on Wednesday, April 22nd. JPMorgan Chase & Co. lifted their target price on Valmont Industries from $480.00 to $510.00 and gave the stock an “overweight” rating in a report on Wednesday, February 18th. DA Davidson upped their price target on Valmont Industries from $415.00 to $450.00 and gave the company a “neutral” rating in a research report on Wednesday, February 18th. Finally, Oppenheimer set a $600.00 price target on Valmont Industries and gave the company an “outperform” rating in a research note on Thursday, May 28th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $525.25.

Valmont Industries Stock Performance

Shares of VMI opened at $528.59 on Friday. The company has a current ratio of 2.38, a quick ratio of 1.59 and a debt-to-equity ratio of 0.47. The firm’s fifty day simple moving average is $485.59 and its two-hundred day simple moving average is $449.11. Valmont Industries, Inc. has a 12 month low of $316.56 and a 12 month high of $548.90. The stock has a market capitalization of $10.26 billion, a P/E ratio of 29.35, a price-to-earnings-growth ratio of 1.18 and a beta of 1.34.

Valmont Industries (NYSE:VMI) last announced its quarterly earnings data on Tuesday, April 21st. The industrial products company reported $5.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.72 by $0.79. Valmont Industries had a return on equity of 24.94% and a net margin of 8.91%.The company had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $994.85 million. During the same period in the previous year, the business earned $4.32 EPS. The firm’s revenue was up 6.2% compared to the same quarter last year. As a group, analysts predict that Valmont Industries, Inc. will post 22.83 EPS for the current year.

Valmont Industries Announces Dividend

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

Insider Buying and Selling at Valmont Industries

In related news, Director Mogens C. Bay sold 17,500 shares of the business’s stock in a transaction on 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 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 the SEC website. 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.