Pioneer Trust Bank N A OR Has $14.60 Million Stock Holdings in Valmont Industries, Inc. (NYSE:VMI)

Pioneer Trust Bank N A OR lowered its stake in Valmont Industries, Inc. (NYSE:VMI) by 3.6% during the fourth quarter, HoldingsChannel reports. The firm owned 62,511 shares of the industrial products company’s stock after selling 2,323 shares during the period. Valmont Industries accounts for approximately 4.3% of Pioneer Trust Bank N A OR’s holdings, making the stock its 4th biggest position. Pioneer Trust Bank N A OR’s holdings in Valmont Industries were worth $14,597,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently modified their holdings of VMI. Sound Income Strategies LLC bought a new position in Valmont Industries in the fourth quarter worth $29,000. Avior Wealth Management LLC raised its stake in shares of Valmont Industries by 188.9% in the 4th quarter. Avior Wealth Management LLC now owns 130 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 85 shares during the period. SRS Capital Advisors Inc. boosted its position in Valmont Industries by 633.3% during the 4th quarter. SRS Capital Advisors Inc. now owns 132 shares of the industrial products company’s stock worth $31,000 after acquiring an additional 114 shares during the last quarter. First Horizon Advisors Inc. grew its position in Valmont Industries by 360.0% in the third quarter. First Horizon Advisors Inc. now owns 138 shares of the industrial products company’s stock valued at $33,000 after purchasing an additional 108 shares in the last quarter. Finally, AdvisorNet Financial Inc acquired a new stake in shares of Valmont Industries in the fourth quarter valued at about $44,000. Hedge funds and other institutional investors own 87.84% of the company’s stock.

Valmont Industries Price Performance

NYSE:VMI traded up $1.94 during mid-day trading on Thursday, hitting $255.22. 143,429 shares of the stock traded hands, compared to its average volume of 175,129. The business’s 50-day moving average price is $219.14 and its 200 day moving average price is $220.59. The company has a quick ratio of 1.65, a current ratio of 2.64 and a debt-to-equity ratio of 0.79. Valmont Industries, Inc. has a 12-month low of $188.63 and a 12-month high of $303.57. The company has a market cap of $5.16 billion, a PE ratio of 33.37 and a beta of 1.05.

Valmont Industries (NYSE:VMI) last announced its quarterly earnings data on Wednesday, May 1st. The industrial products company reported $4.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.24 by $1.08. The company had revenue of $977.83 million during the quarter, compared to analysts’ expectations of $986.98 million. Valmont Industries had a net margin of 3.83% and a return on equity of 22.14%. The firm’s revenue was down 8.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.54 EPS. On average, analysts expect that Valmont Industries, Inc. will post 15.9 EPS for the current fiscal year.

Valmont Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be given a dividend of $0.60 per share. The ex-dividend date is Friday, June 28th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.94%. Valmont Industries’s payout ratio is currently 31.62%.

Analysts Set New Price Targets

VMI has been the topic of a number of recent analyst reports. DA Davidson lowered their price target on Valmont Industries from $290.00 to $275.00 and set a “buy” rating on the stock in a research report on Tuesday, February 27th. Stifel Nicolaus reissued a “buy” rating and issued a $249.00 target price on shares of Valmont Industries in a report on Monday, March 25th. Finally, StockNews.com upgraded shares of Valmont Industries from a “hold” rating to a “buy” rating in a report on Saturday, March 23rd. One analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $262.00.

About Valmont Industries

Valmont Industries, Inc operates as manufacturer of products and services for infrastructure and agriculture markets in the United States, Australia, Brazil, and internationally. It operates through two segments, Infrastructure and Agriculture. The company manufactures and distributes steel, pre-stressed concrete, composite structures for electrical transmission, substation, and distribution applications; and designs, engineers, and manufactures metal, steel, wood, aluminum, and composite poles and structures for lighting and transportation applications.