Pier Capital LLC Has $7.66 Million Stock Position in Valmont Industries, Inc. $VMI

Pier Capital LLC grew its position in shares of Valmont Industries, Inc. (NYSE:VMI) by 101.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 19,026 shares of the industrial products company’s stock after acquiring an additional 9,565 shares during the quarter. Pier Capital LLC’s holdings in Valmont Industries were worth $7,655,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Community Bank N.A. acquired a new position in Valmont Industries during the 3rd quarter worth approximately $25,000. First Horizon Corp acquired a new position in Valmont Industries during the 3rd quarter worth approximately $29,000. Abich Financial Wealth Management LLC acquired a new position in Valmont Industries during the 3rd quarter worth approximately $36,000. Farther Finance Advisors LLC boosted its position in Valmont Industries by 357.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 96 shares of the industrial products company’s stock worth $37,000 after acquiring an additional 75 shares during the last quarter. Finally, Montag A & Associates Inc. boosted its position in Valmont Industries by 1,428.6% during the 4th quarter. Montag A & Associates Inc. now owns 107 shares of the industrial products company’s stock worth $43,000 after acquiring an additional 100 shares during the last quarter. Institutional investors and hedge funds own 87.84% of the company’s stock.

Insider Buying and Selling

In other Valmont Industries news, Director Mogens C. Bay sold 17,500 shares of the stock in a transaction dated Friday, April 24th. The stock was sold at an average price of $492.34, for a total value of $8,615,950.00. Following the completion of the transaction, the director directly owned 112,309 shares in the company, valued at approximately $55,294,213.06. This trade represents a 13.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.42% of the company’s stock.

Valmont Industries Stock Performance

VMI opened at $508.89 on Friday. The firm has a market cap of $9.88 billion, a P/E ratio of 28.26 and a beta of 1.36. Valmont Industries, Inc. has a 52-week low of $304.48 and a 52-week high of $528.49. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.59 and a current ratio of 2.38. The business’s fifty day moving average is $435.69 and its 200-day moving average is $428.89.

Valmont Industries (NYSE:VMI) last released its earnings results on Tuesday, April 21st. The industrial products company reported $5.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.72 by $0.79. The company had revenue of $1.03 billion for the quarter, compared to analyst estimates 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 in the prior year, the firm posted $4.32 EPS. Sell-side analysts expect that Valmont Industries, Inc. will post 22.78 EPS for the current fiscal year.

Valmont Industries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders 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 annualized dividend and a yield of 0.6%. Valmont Industries’s dividend payout ratio (DPR) is currently 17.10%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on VMI. Stifel Nicolaus upped their price objective on Valmont Industries from $497.00 to $541.00 and gave the stock a “buy” rating in a research note on Wednesday, April 22nd. DA Davidson increased their price target on Valmont Industries from $415.00 to $450.00 and gave the company a “neutral” rating in a research note on Wednesday, February 18th. Wall Street Zen upgraded Valmont Industries from a “hold” rating to a “strong-buy” rating in a research note on Saturday, May 2nd. Zacks Research upgraded Valmont Industries from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 23rd. Finally, JPMorgan Chase & Co. increased their price target on Valmont Industries from $480.00 to $510.00 and gave the company an “overweight” rating in a research note on Wednesday, February 18th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Valmont Industries currently has a consensus rating of “Moderate Buy” and an average target price of $500.33.

Valmont Industries Company 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.