Gamco Investors INC. ET AL Sells 3,712 Shares of Valmont Industries, Inc. $VMI

Gamco Investors INC. ET AL trimmed its holdings in shares of Valmont Industries, Inc. (NYSE:VMI) by 5.9% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 59,365 shares of the industrial products company’s stock after selling 3,712 shares during the period. Gamco Investors INC. ET AL’s holdings in Valmont Industries were worth $23,884,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in VMI. Azzad Asset Management Inc. ADV bought a new position in Valmont Industries during the 3rd quarter valued at about $739,000. Jackson Creek Investment Advisors LLC bought a new position in Valmont Industries during the 3rd quarter valued at about $1,658,000. Congress Asset Management Co. lifted its holdings in Valmont Industries by 14.1% during the 4th quarter. Congress Asset Management Co. now owns 85,346 shares of the industrial products company’s stock valued at $34,336,000 after purchasing an additional 10,518 shares during the last quarter. Cornerstone Planning Group LLC bought a new position in Valmont Industries during the 3rd quarter valued at about $5,663,000. Finally, Allianz Asset Management GmbH lifted its holdings in Valmont Industries by 1.2% during the 3rd quarter. Allianz Asset Management GmbH now owns 283,740 shares of the industrial products company’s stock valued at $110,015,000 after purchasing an additional 3,379 shares during the last quarter. 87.84% of the stock is owned by institutional investors.

Valmont Industries Trading Down 1.2%

VMI opened at $500.78 on Tuesday. 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 stock has a market capitalization of $9.72 billion, a PE ratio of 27.81 and a beta of 1.36. Valmont Industries, Inc. has a 1-year low of $305.07 and a 1-year high of $528.49. The firm has a 50-day moving average price of $443.51 and a two-hundred day moving average price of $433.76.

Valmont Industries (NYSE:VMI) last posted 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 analysts’ expectations of $994.85 million. Valmont Industries had a net margin of 8.91% and a return on equity of 24.94%. The company’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same quarter last year, the company posted $4.32 EPS. As a group, equities analysts anticipate that Valmont Industries, Inc. will post 22.78 earnings per share for the current fiscal year.

Valmont Industries Announces Dividend

The business also recently disclosed 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. This represents a $3.08 annualized dividend and a yield of 0.6%. The ex-dividend date is Friday, June 26th. Valmont Industries’s dividend payout ratio (DPR) is presently 17.10%.

Analysts Set New Price Targets

VMI has been the subject of several analyst reports. Wall Street Zen raised shares of Valmont Industries from a “hold” rating to a “strong-buy” rating in a report on Saturday, May 2nd. JPMorgan Chase & Co. lifted their price target on shares of Valmont Industries from $480.00 to $510.00 and gave the company an “overweight” rating in a report on Wednesday, February 18th. Weiss Ratings reissued a “hold (c+)” rating on shares of Valmont Industries in a report on Friday, March 27th. DA Davidson lifted their price target on shares of Valmont Industries from $415.00 to $450.00 and gave the company a “neutral” rating in a report on Wednesday, February 18th. Finally, Stifel Nicolaus lifted their price target on shares of Valmont Industries from $497.00 to $541.00 and gave the company a “buy” rating in a report on Wednesday, April 22nd. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Valmont Industries presently has an average rating of “Moderate Buy” and a consensus target price of $500.33.

Insiders Place Their Bets

In other Valmont Industries news, Director Mogens C. Bay sold 17,500 shares of the firm’s stock in a transaction dated Friday, April 24th. The shares were sold at an average price of $492.34, for a total value of $8,615,950.00. Following the completion of the sale, the director owned 112,309 shares in the company, valued at approximately $55,294,213.06. This trade represents a 13.48% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.42% of the company’s stock.

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.