Quantum Portfolio Management LLC Makes New $419,000 Investment in Valmont Industries, Inc. $VMI

Quantum Portfolio Management LLC acquired a new stake in shares of Valmont Industries, Inc. (NYSE:VMI) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 1,049 shares of the industrial products company’s stock, valued at approximately $419,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Robert B. Daugherty Foundation acquired a new stake in shares of Valmont Industries during the 4th quarter valued at about $100,580,000. Norges Bank bought a new position in Valmont Industries during the fourth quarter worth about $99,799,000. Ninety One UK Ltd bought a new position in Valmont Industries during the fourth quarter worth about $66,103,000. AQR Capital Management LLC boosted its holdings in Valmont Industries by 118.8% during the third quarter. AQR Capital Management LLC now owns 282,610 shares of the industrial products company’s stock valued at $108,884,000 after purchasing an additional 153,418 shares in the last quarter. Finally, Schroder Investment Management Group grew its stake in shares of Valmont Industries by 882.8% in 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 purchasing an additional 88,893 shares during the period. 87.84% of the stock is owned by institutional investors.

Valmont Industries Stock Up 1.2%

Shares of NYSE:VMI opened at $546.74 on Friday. Valmont Industries, Inc. has a 12 month low of $326.22 and a 12 month high of $585.71. The company’s 50-day moving average price is $535.87 and its two-hundred day moving average price is $470.19. The company has a quick ratio of 1.59, a current ratio of 2.38 and a debt-to-equity ratio of 0.47. The firm has a market cap 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.

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. Valmont Industries had a net margin of 8.91% and a return on equity of 24.94%. The company had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $994.85 million. During the same period in the previous year, the firm posted $4.32 earnings per share. The company’s revenue was up 6.2% on a year-over-year basis. As a group, research analysts forecast that Valmont Industries, Inc. will post 22.83 EPS for the current fiscal year.

Valmont Industries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Friday, June 26th will be issued a $0.77 dividend. The ex-dividend date of this dividend is Friday, June 26th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 0.6%. Valmont Industries’s dividend payout ratio (DPR) 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 on Friday, April 24th. The stock was 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 of the company’s stock, valued at approximately $55,294,213.06. This represents a 13.48% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.42% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research firms recently commented on VMI. Wall Street Zen downgraded Valmont Industries from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 27th. Weiss Ratings upgraded Valmont Industries from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, June 26th. Zacks Research upgraded Valmont Industries from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 23rd. JPMorgan Chase & Co. lifted their price objective on Valmont Industries from $520.00 to $600.00 and gave the company an “overweight” rating in a report on Wednesday, June 17th. Finally, Stifel Nicolaus upped their target price on shares of Valmont Industries from $541.00 to $645.00 and gave the stock a “buy” rating in a 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 assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $573.75.

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.