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

River Road Asset Management LLC decreased its position in Valmont Industries, Inc. (NYSE:VMI) by 38.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,063 shares of the industrial products company’s stock after selling 9,982 shares during the quarter. River Road Asset Management LLC owned 0.08% of Valmont Industries worth $6,462,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Community Bank N.A. purchased a new stake in shares of Valmont Industries in the 3rd quarter valued at approximately $25,000. Elyxium Wealth LLC purchased a new stake in shares of Valmont Industries during the 4th quarter worth $27,000. Leonteq Securities AG purchased a new stake in shares of Valmont Industries during the 4th quarter worth $30,000. State of Wyoming acquired a new position in shares of Valmont Industries during the fourth quarter worth $34,000. Finally, Montag A & Associates Inc. increased its holdings in Valmont Industries by 1,428.6% in the fourth quarter. Montag A & Associates Inc. now owns 107 shares of the industrial products company’s stock valued at $43,000 after buying an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 87.84% of the company’s stock.

Insider Activity

In related news, Director Mogens C. Bay sold 17,500 shares of the stock in a transaction on Friday, April 24th. The shares were sold at an average price of $492.34, for a total transaction of $8,615,950.00. Following the completion of the sale, the director owned 112,309 shares in the company, valued at $55,294,213.06. This represents a 13.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.42% of the company’s stock.

Valmont Industries Stock Up 0.2%

VMI opened at $571.52 on Friday. Valmont Industries, Inc. has a one year low of $316.56 and a one year high of $579.80. 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 stock has a market capitalization of $11.09 billion, a P/E ratio of 31.73, a price-to-earnings-growth ratio of 1.31 and a beta of 1.34. The business’s 50-day simple moving average is $503.54 and its 200-day simple moving average is $455.14.

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

Valmont Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Friday, June 26th will be given a dividend of $0.77 per share. 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 17.10%.

Analyst Ratings Changes

VMI has been the topic of a number of analyst reports. Weiss Ratings cut Valmont Industries from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, June 11th. Stifel Nicolaus boosted their target price on Valmont Industries from $541.00 to $645.00 and gave the stock a “buy” rating in a research note on Wednesday. Oppenheimer set a $600.00 price target on Valmont Industries and gave the company an “outperform” rating in a report on Thursday, May 28th. Wall Street Zen upgraded shares of Valmont Industries from a “buy” rating to a “strong-buy” rating in a research note on Sunday, May 31st. Finally, JPMorgan Chase & Co. raised their price objective on shares of Valmont Industries from $520.00 to $600.00 and gave the stock an “overweight” rating in a report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Valmont Industries presently has an average rating of “Moderate Buy” and a consensus price target of $573.75.

About Valmont Industries

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.