Entropy Technologies LP Raises Stock Position in Valmont Industries, Inc. $VMI

Entropy Technologies LP grew its holdings in Valmont Industries, Inc. (NYSE:VMI) by 180.0% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,320 shares of the industrial products company’s stock after buying an additional 3,420 shares during the period. Entropy Technologies LP’s holdings in Valmont Industries were worth $2,140,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in VMI. Robert B. Daugherty Foundation purchased a new position in shares of Valmont Industries in the 4th quarter worth $100,580,000. Norges Bank bought a new stake in Valmont Industries during the 4th quarter valued at about $99,799,000. Ninety One UK Ltd bought a new stake in Valmont Industries during the 4th quarter valued at about $66,103,000. AQR Capital Management LLC lifted its holdings in 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 in the last quarter. Finally, Schroder Investment Management Group lifted its holdings 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 valued at $37,829,000 after buying an additional 88,893 shares in the last quarter. 87.84% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have commented on VMI. DA Davidson raised their target price on shares of Valmont Industries from $415.00 to $450.00 and gave the company a “neutral” rating in a research report on Wednesday, February 18th. Oppenheimer set a $600.00 target price on shares of Valmont Industries and gave the company an “outperform” rating in a research report on Thursday, May 28th. Weiss Ratings downgraded shares of Valmont Industries from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday. Zacks Research raised shares of Valmont Industries from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 23rd. Finally, Wall Street Zen raised shares of Valmont Industries from a “buy” rating to a “strong-buy” rating in a research report on Sunday, May 31st. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Valmont Industries currently has a consensus rating of “Moderate Buy” and an average price target of $525.25.

Insiders Place Their Bets

In other Valmont Industries news, Director Mogens C. Bay sold 17,500 shares of the business’s stock in a transaction that occurred 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 sale, the director owned 112,309 shares of the company’s stock, valued at approximately $55,294,213.06. The trade was a 13.48% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.42% of the company’s stock.

Valmont Industries Stock Down 1.3%

NYSE:VMI opened at $539.60 on Tuesday. The company has a market cap of $10.47 billion, a PE ratio of 29.96, a P/E/G ratio of 1.26 and a beta of 1.34. Valmont Industries, Inc. has a twelve month low of $316.56 and a twelve month high of $558.73. 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 company’s 50 day moving average is $491.13 and its two-hundred day moving average is $451.08.

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

Valmont Industries Announces Dividend

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

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.