River Road Asset Management LLC Cuts Stock Position in Valmont Industries, Inc. $VMI

River Road Asset Management LLC cut its stake in shares of Valmont Industries, Inc. (NYSE:VMI) by 38.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 16,063 shares of the industrial products company’s stock after selling 9,982 shares during the period. River Road Asset Management LLC’s holdings in Valmont Industries were worth $6,462,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently bought and sold shares of VMI. Congress Asset Management Co. lifted its stake in shares of Valmont Industries by 14.1% in the 4th quarter. Congress Asset Management Co. now owns 85,346 shares of the industrial products company’s stock worth $34,336,000 after acquiring an additional 10,518 shares during the period. Tudor Investment Corp ET AL purchased a new stake in shares of Valmont Industries in the third quarter valued at about $1,749,000. Dakota Wealth Management acquired a new position in shares of Valmont Industries during the fourth quarter worth about $581,000. Jupiter Asset Management Ltd. raised its holdings in Valmont Industries by 838.7% during the third quarter. Jupiter Asset Management Ltd. now owns 32,837 shares of the industrial products company’s stock worth $12,732,000 after purchasing an additional 29,339 shares in the last quarter. Finally, Hillsdale Investment Management Inc. raised its holdings in Valmont Industries by 27.2% during the third quarter. Hillsdale Investment Management Inc. now owns 12,155 shares of the industrial products company’s stock worth $4,713,000 after purchasing an additional 2,600 shares in the last quarter. 87.84% of the stock is currently owned by hedge funds and other institutional investors.

Valmont Industries Trading Up 0.2%

Shares of VMI opened at $571.52 on Friday. Valmont Industries, Inc. has a twelve month low of $316.56 and a twelve month high of $579.80. The company has a current ratio of 2.38, a quick ratio of 1.59 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $11.09 billion, a P/E ratio of 31.73, a PEG ratio of 1.31 and a beta of 1.34. The firm’s 50-day moving average is $503.54 and its two-hundred day moving average is $455.14.

Valmont Industries (NYSE:VMI) last released its quarterly earnings data on Tuesday, April 21st. The industrial products company reported $5.51 earnings per share for the quarter, beating the consensus estimate of $4.72 by $0.79. The firm had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $994.85 million. Valmont Industries had a return on equity of 24.94% and a net margin of 8.91%.Valmont Industries’s quarterly revenue was up 6.2% on a year-over-year basis. During the same period last year, the business posted $4.32 EPS. On average, research analysts predict that Valmont Industries, Inc. will post 22.83 earnings per share for the current fiscal year.

Valmont Industries Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Friday, June 26th will be given a $0.77 dividend. The ex-dividend date is Friday, June 26th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 0.5%. Valmont Industries’s dividend payout ratio (DPR) is currently 17.10%.

Insider Activity

In other news, Director Mogens C. Bay sold 17,500 shares of Valmont Industries 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 completion of the transaction, the director owned 112,309 shares of the company’s stock, valued at $55,294,213.06. The trade was a 13.48% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 1.42% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. 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. Oppenheimer set a $600.00 target price on Valmont Industries and gave the stock an “outperform” rating in a research note on Thursday, May 28th. Zacks Research raised Valmont Industries from a “hold” rating to a “strong-buy” rating in a report on Thursday, April 23rd. Weiss Ratings downgraded Valmont Industries from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, June 11th. Finally, Wall Street Zen raised Valmont Industries from a “buy” rating to a “strong-buy” rating in a report on Sunday, May 31st. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $573.75.

Valmont Industries 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.