Janus Henderson Group PLC Purchases 30,359 Shares of Valmont Industries, Inc. $VMI

Janus Henderson Group PLC increased its holdings in shares of Valmont Industries, Inc. (NYSE:VMI) by 31.8% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 125,830 shares of the industrial products company’s stock after acquiring an additional 30,359 shares during the quarter. Janus Henderson Group PLC’s holdings in Valmont Industries were worth $50,309,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in VMI. Vanguard Personalized Indexing Management LLC grew its stake in Valmont Industries by 0.9% in 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 acquiring an additional 21 shares during the period. Allen Capital Group LLC raised its position in shares of Valmont Industries by 2.2% during the fourth quarter. Allen Capital Group LLC now owns 1,130 shares of the industrial products company’s stock worth $455,000 after purchasing an additional 24 shares during the period. Public Employees Retirement System of Ohio raised its position in shares of Valmont Industries by 0.4% during the third quarter. Public Employees Retirement System of Ohio now owns 7,565 shares of the industrial products company’s stock worth $2,933,000 after purchasing an additional 29 shares during the period. Rothschild Investment LLC lifted its holdings in shares of 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 purchasing an additional 30 shares in the last quarter. Finally, Balefire LLC grew its position in shares of Valmont Industries by 5.1% in the 1st quarter. Balefire LLC now owns 701 shares of the industrial products company’s stock valued at $280,000 after purchasing an additional 34 shares during the period. 87.84% of the stock is currently owned by institutional investors.

Valmont Industries Stock Up 1.3%

Shares of Valmont Industries stock opened at $482.69 on Friday. The business’s 50 day simple moving average is $535.66 and its 200 day simple moving average is $480.26. Valmont Industries, Inc. has a 52-week low of $353.41 and a 52-week high of $585.71. The firm has a market cap of $9.32 billion, a PE ratio of 18.80, a P/E/G ratio of 1.10 and a beta of 1.33. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.55 and a current ratio of 2.35.

Valmont Industries (NYSE:VMI) last released 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 during the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter in the prior year, the firm posted $4.88 EPS. The business’s revenue was up 6.5% on a year-over-year basis. On average, analysts predict that Valmont Industries, Inc. will post 22.96 earnings per share for the current fiscal year.

Valmont Industries Dividend Announcement

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

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Weiss Ratings raised Valmont Industries from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday. Oppenheimer set a $600.00 price target on shares of Valmont Industries and gave the company an “outperform” rating in a report on Thursday, May 28th. Wall Street Zen raised shares of Valmont Industries from a “buy” rating to a “strong-buy” rating in a research report on Saturday, July 18th. JPMorgan Chase & Co. raised their price objective on shares of Valmont Industries from $600.00 to $620.00 and gave the stock an “overweight” rating in a report on Wednesday, July 22nd. Finally, Stifel Nicolaus boosted their price objective on shares of Valmont Industries from $645.00 to $678.00 and gave the company a “buy” rating in a research report 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 company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $587.00.

Insider Buying and Selling at Valmont Industries

In related news, Director Theodor Werner Freye sold 800 shares of the stock in a transaction on Monday, July 27th. The shares were sold at an average price of $495.00, for a total transaction of $396,000.00. Following the completion of the transaction, the director owned 2,805 shares in the company, valued at approximately $1,388,475. This represents a 22.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO John L. Schwietz bought 208 shares of the firm’s 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 owned 2,992 shares of the company’s stock, valued at $1,454,530.88. This represents a 7.47% increase in their position. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 1.42% of the company’s stock.

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.