California State Teachers Retirement System Has $7.54 Billion Stock Holdings in Valmont Industries, Inc. $VMI

California State Teachers Retirement System boosted its holdings in shares of Valmont Industries, Inc. (NYSE:VMI) by 56,102.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,046,829 shares of the industrial products company’s stock after acquiring an additional 13,023,615 shares during the quarter. California State Teachers Retirement System owned 67.57% of Valmont Industries worth $7,535,848,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Vanguard Personalized Indexing Management LLC lifted its holdings in Valmont Industries by 0.9% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 2,303 shares of the industrial products company’s stock valued at $927,000 after purchasing an additional 21 shares during the last quarter. Allen Capital Group LLC increased its position in shares of 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 acquiring an additional 24 shares during the period. Public Employees Retirement System of Ohio boosted its stake in shares of Valmont Industries by 0.4% during the 3rd 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 purchasing an additional 29 shares in the last quarter. Rothschild Investment LLC lifted its position in Valmont Industries by 7.1% during the 4th quarter. Rothschild Investment LLC now owns 453 shares of the industrial products company’s stock valued at $182,000 after acquiring an additional 30 shares during the period. Finally, Balefire LLC boosted its stake in Valmont Industries by 5.1% in the 1st quarter. Balefire LLC now owns 701 shares of the industrial products company’s stock worth $280,000 after purchasing an additional 34 shares in the last quarter. 87.84% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CFO John L. Schwietz bought 208 shares of the stock in a transaction that occurred on Thursday, July 23rd. The stock was acquired at an average cost of $486.14 per share, with a total value of $101,117.12. Following the transaction, the chief financial officer directly owned 2,992 shares in the company, valued at approximately $1,454,530.88. This trade represents a 7.47% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Theodor Freye sold 800 shares of the firm’s stock in a transaction dated Monday, July 27th. The shares were sold at an average price of $495.00, for a total value of $396,000.00. Following the completion of the sale, the director owned 2,805 shares of the company’s stock, valued at approximately $1,388,475. This represents a 22.19% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 1.42% of the company’s stock.

Analyst Upgrades and Downgrades

VMI has been the topic of several recent analyst reports. Weiss Ratings upgraded shares of Valmont Industries from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, August 31st. Oppenheimer set a $600.00 target price on shares of Valmont Industries and gave the stock an “outperform” rating in a report on Thursday, May 28th. Wall Street Zen cut shares of Valmont Industries from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 8th. JPMorgan Chase & Co. lifted their price target on Valmont Industries from $600.00 to $620.00 and gave the stock an “overweight” rating in a report on Wednesday, July 22nd. Finally, Zacks Research cut Valmont Industries from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 20th. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $587.00.

Valmont Industries Price Performance

Shares of NYSE VMI opened at $484.36 on Wednesday. Valmont Industries, Inc. has a 1-year low of $361.50 and a 1-year high of $585.71. The business’s fifty day moving average price is $501.97 and its two-hundred day moving average price is $486.74. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.35 and a quick ratio of 1.55. The firm has a market capitalization of $9.35 billion, a PE ratio of 18.86, a P/E/G ratio of 1.10 and a beta of 1.34.

Valmont Industries (NYSE:VMI) last issued its quarterly earnings results on Tuesday, July 21st. The industrial products company reported $6.14 earnings per share for the quarter, topping analysts’ consensus estimates of $5.80 by $0.34. Valmont Industries had a return on equity of 25.57% and a net margin of 11.70%.The firm had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.09 billion. During the same quarter last year, the business posted $4.88 EPS. Valmont Industries’s revenue was up 6.5% on a year-over-year basis. On average, research analysts expect that Valmont Industries, Inc. will post 23.08 EPS for the current year.

Valmont Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Friday, September 25th will be paid a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend is Friday, September 25th. Valmont Industries’s dividend payout ratio is presently 11.99%.

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.