4,440 Valmont Industries, Inc. $VMI Shares Acquired by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al boosted its stake in shares of Valmont Industries, Inc. (NYSE:VMI) by 62.5% in the third quarter, HoldingsChannel reports. The firm owned 11,540 shares of the industrial products company’s stock after purchasing an additional 4,440 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Valmont Industries were worth $5,343,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. bought a new position in shares of Valmont Industries in the second quarter valued at about $28,000. V Square Quantitative Management LLC acquired a new stake in shares of Valmont Industries during the 1st quarter worth about $37,000. Elevation Wealth Partners LLC lifted its stake in shares of Valmont Industries by 179.2% during the 2nd quarter. Elevation Wealth Partners LLC now owns 67 shares of the industrial products company’s stock worth $39,000 after buying an additional 43 shares during the last quarter. Root Financial Partners LLC bought a new stake in shares of Valmont Industries during the 3rd quarter worth about $51,000. Finally, State of Wyoming boosted its holdings in shares of Valmont Industries by 98.8% during the 1st quarter. State of Wyoming now owns 169 shares of the industrial products company’s stock worth $68,000 after buying an additional 84 shares during the period. 87.84% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

VMI has been the topic of several research analyst reports. Weiss Ratings cut shares of Valmont Industries from a “buy (b)” rating to a “hold (c)” rating in a report on Wednesday. JPMorgan Chase & Co. boosted their price objective on Valmont Industries from $600.00 to $620.00 and gave the stock an “overweight” rating in a report on Wednesday, July 22nd. Wall Street Zen downgraded Valmont Industries from a “buy” rating to a “hold” rating in a research report on Sunday. Zacks Research downgraded Valmont Industries from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 20th. Finally, Stifel Nicolaus increased their target price on Valmont Industries from $645.00 to $678.00 and gave the stock a “buy” rating in a research note on Monday, July 20th. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $587.00.

Valmont Industries Trading Down 0.1%

VMI stock opened at $421.62 on Monday. Valmont Industries, Inc. has a 52 week low of $378.02 and a 52 week high of $585.71. The company has a market capitalization of $8.07 billion, a PE ratio of 15.65, a price-to-earnings-growth ratio of 0.95 and a beta of 1.39. The company’s 50-day simple moving average is $465.24 and its 200 day simple moving average is $477.25. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.56 and a current ratio of 2.41.

Valmont Industries (NYSE:VMI) last issued its quarterly earnings data on Tuesday, October 20th. The industrial products company reported $6.24 earnings per share for the quarter, topping the consensus estimate of $5.70 by $0.54. The business had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.12 billion. Valmont Industries had a net margin of 12.05% and a return on equity of 26.25%. The business’s revenue was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $4.98 EPS. As a group, sell-side analysts anticipate that Valmont Industries, Inc. will post 23.27 earnings per share for the current year.

Valmont Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 15th. Stockholders of record on Thursday, December 24th will be given a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Thursday, December 24th. Valmont Industries’s payout ratio is presently 11.43%.

Valmont Industries Company Profile

Valmont Industries, Inc is a global manufacturer of engineered products and services serving the infrastructure and agricultural markets. Founded in 1946 and headquartered in Omaha, Nebraska, the company operates through businesses focused on infrastructure, coatings, and water management.

Its infrastructure products include utility and transmission structures, lighting and traffic poles, highway and transportation structures, and related support systems. Valmont also provides hot-dip galvanizing and other protective coatings designed to extend the service life of steel products used in industrial, infrastructure, and commercial applications.

In agriculture, the company manufactures mechanized irrigation equipment, including center-pivot and linear irrigation systems, as well as agricultural products and services intended to support water conservation and crop production.