Janus Henderson Group PLC grew its stake in shares of Valmont Industries, Inc. (NYSE:VMI) by 670.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 247,560 shares of the industrial products company’s stock after purchasing an additional 215,412 shares during the period. Janus Henderson Group PLC owned approximately 1.09% of Valmont Industries worth $39,139,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Global X Management Co. LLC increased its position in shares of Valmont Industries by 220.0% during the second quarter. Global X Management Co. LLC now owns 720 shares of the industrial products company’s stock worth $108,000 after acquiring an additional 495 shares in the last quarter. Riverhead Capital Management LLC increased its position in shares of Valmont Industries by 85.6% during the second quarter. Riverhead Capital Management LLC now owns 1,299 shares of the industrial products company’s stock worth $194,000 after acquiring an additional 599 shares in the last quarter. Janney Montgomery Scott LLC increased its position in shares of Valmont Industries by 0.6% during the second quarter. Janney Montgomery Scott LLC now owns 1,339 shares of the industrial products company’s stock worth $200,000 after acquiring an additional 8 shares in the last quarter. Verity Asset Management Inc. increased its position in shares of Valmont Industries by 8.1% during the second quarter. Verity Asset Management Inc. now owns 1,588 shares of the industrial products company’s stock worth $238,000 after acquiring an additional 119 shares in the last quarter. Finally, Balyasny Asset Management LLC bought a new stake in shares of Valmont Industries during the second quarter worth about $246,000. Hedge funds and other institutional investors own 85.26% of the company’s stock.

In other Valmont Industries news, VP Vanessa Kay Brown sold 3,059 shares of the company’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $171.74, for a total value of $525,352.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 3.30% of the company’s stock.

Shares of Valmont Industries, Inc. (NYSE VMI) opened at $163.85 on Wednesday. Valmont Industries, Inc. has a 52-week low of $135.95 and a 52-week high of $176.35. The company has a debt-to-equity ratio of 0.65, a current ratio of 3.50 and a quick ratio of 2.53. The stock has a market cap of $3,720.00, a PE ratio of 23.48, a price-to-earnings-growth ratio of 2.31 and a beta of 1.06.

Valmont Industries (NYSE:VMI) last issued its quarterly earnings data on Wednesday, October 18th. The industrial products company reported $1.56 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.60 by ($0.04). Valmont Industries had a return on equity of 14.56% and a net margin of 7.02%. The firm had revenue of $680.78 million during the quarter, compared to the consensus estimate of $652.65 million. During the same period in the previous year, the company posted $1.48 earnings per share. The company’s revenue for the quarter was up 11.6% on a year-over-year basis. equities analysts predict that Valmont Industries, Inc. will post 6.98 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th will be given a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date is Thursday, December 28th. Valmont Industries’s payout ratio is 17.92%.

Several equities research analysts have recently commented on VMI shares. Zacks Investment Research raised shares of Valmont Industries from a “hold” rating to a “buy” rating and set a $178.00 target price for the company in a research report on Tuesday, October 17th. Stifel Nicolaus downgraded shares of Valmont Industries from a “buy” rating to a “hold” rating and decreased their target price for the stock from $177.00 to $174.00 in a research report on Monday, December 11th. Boenning Scattergood reissued a “buy” rating and set a $185.00 target price on shares of Valmont Industries in a research report on Friday, November 10th. Seaport Global Securities started coverage on shares of Valmont Industries in a research report on Wednesday, September 6th. They set a “buy” rating and a $160.00 target price for the company. Finally, BidaskClub downgraded shares of Valmont Industries from a “sell” rating to a “strong sell” rating in a research report on Friday, August 25th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $174.25.

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Valmont Industries Company Profile

Valmont Industries, Inc is a producer of fabricated metal products, and steel, aluminum and composite pole, tower and other structures, and mechanized irrigation systems. The Company’s segments are Engineered Support Structures (ESS); Utility Support Structures; Energy and Mining; Coatings; Irrigation, and Other.

Institutional Ownership by Quarter for Valmont Industries (NYSE:VMI)

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