Pioneer Trust Bank N A OR lowered its holdings in shares of Valmont Industries, Inc. (NYSE:VMI) by 6.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 36,820 shares of the industrial products company’s stock after selling 2,456 shares during the quarter. Valmont Industries makes up 3.0% of Pioneer Trust Bank N A OR’s holdings, making the stock its 8th largest position. Pioneer Trust Bank N A OR’s holdings in Valmont Industries were worth $6,106,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Citigroup Inc. lifted its position in shares of Valmont Industries by 0.7% in the second quarter. Citigroup Inc. now owns 4,530 shares of the industrial products company’s stock valued at $678,000 after acquiring an additional 31 shares in the last quarter. Ameritas Investment Partners Inc. lifted its position in shares of Valmont Industries by 1.8% in the second quarter. Ameritas Investment Partners Inc. now owns 6,759 shares of the industrial products company’s stock valued at $1,011,000 after acquiring an additional 120 shares in the last quarter. M&T Bank Corp lifted its position in shares of Valmont Industries by 11.1% in the second quarter. M&T Bank Corp now owns 2,006 shares of the industrial products company’s stock valued at $300,000 after acquiring an additional 200 shares in the last quarter. Dynamic Technology Lab Private Ltd lifted its position in shares of Valmont Industries by 7.5% in the second quarter. Dynamic Technology Lab Private Ltd now owns 5,028 shares of the industrial products company’s stock valued at $752,000 after acquiring an additional 350 shares in the last quarter. Finally, FCA Corp TX lifted its position in shares of Valmont Industries by 1.6% in the third quarter. FCA Corp TX now owns 23,987 shares of the industrial products company’s stock valued at $3,792,000 after acquiring an additional 376 shares in the last quarter. Institutional investors own 85.27% of the company’s stock.

In related news, VP Vanessa Kay Brown sold 3,059 shares of Valmont Industries stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $171.74, for a total transaction of $525,352.66. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 3.30% of the company’s stock.

Several equities analysts have recently weighed in on the company. Boenning Scattergood restated a “buy” rating and issued a $185.00 target price on shares of Valmont Industries in a research report on Thursday, October 19th. Zacks Investment Research upgraded Valmont Industries from a “sell” rating to a “hold” rating in a research report on Monday, November 6th. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $181.00 price objective (up previously from $174.00) on shares of Valmont Industries in a research report on Tuesday. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $176.00.

Valmont Industries, Inc. (NYSE VMI) opened at $169.25 on Friday. Valmont Industries, Inc. has a 1 year low of $138.30 and a 1 year high of $176.35. The company has a market capitalization of $3,833.13, a P/E ratio of 20.20, a P/E/G ratio of 2.10 and a beta of 1.06. The company has a debt-to-equity ratio of 0.65, a quick ratio of 2.53 and a current ratio of 3.50.

Valmont Industries (NYSE:VMI) last announced its quarterly earnings data on Wednesday, October 18th. The industrial products company reported $1.56 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 company had revenue of $680.78 million for the quarter, compared to analysts’ expectations of $652.65 million. During the same quarter in the previous year, the business posted $1.48 EPS. The business’s quarterly revenue was up 11.6% compared to the same quarter last year. analysts forecast that Valmont Industries, Inc. will post 6.98 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 16th. Investors of record on Friday, December 29th were given a dividend of $0.375 per share. The ex-dividend date was Thursday, December 28th. This represents a $1.50 dividend on an annualized basis and a yield of 0.89%. Valmont Industries’s payout ratio is 17.90%.

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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.

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

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