Fox Run Management L.L.C. Invests $1.02 Million in Valmont Industries, Inc. $VMI

Fox Run Management L.L.C. purchased a new position in shares of Valmont Industries, Inc. (NYSE:VMI) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 2,536 shares of the industrial products company’s stock, valued at approximately $1,020,000.

Several other institutional investors have also modified their holdings of VMI. Millennium Management LLC raised its holdings in Valmont Industries by 225.1% in the 1st quarter. Millennium Management LLC now owns 67,630 shares of the industrial products company’s stock valued at $19,300,000 after buying an additional 46,825 shares during the period. Goldman Sachs Group Inc. raised its holdings in Valmont Industries by 8.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 59,127 shares of the industrial products company’s stock valued at $16,873,000 after buying an additional 4,676 shares during the period. Empowered Funds LLC purchased a new stake in Valmont Industries in the 1st quarter valued at about $265,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Valmont Industries by 3.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 72,511 shares of the industrial products company’s stock valued at $20,692,000 after buying an additional 2,639 shares during the period. Finally, Geneos Wealth Management Inc. raised its holdings in Valmont Industries by 223.4% in the 1st quarter. Geneos Wealth Management Inc. now owns 152 shares of the industrial products company’s stock valued at $43,000 after buying an additional 105 shares during the period. Hedge funds and other institutional investors own 87.84% of the company’s stock.

Valmont Industries Stock Performance

Shares of VMI opened at $532.47 on Wednesday. The stock has a 50 day moving average price of $480.42 and a 200 day moving average price of $447.21. The company has a quick ratio of 1.59, a current ratio of 2.38 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $10.34 billion, a price-to-earnings ratio of 29.57, a price-to-earnings-growth ratio of 1.23 and a beta of 1.34. Valmont Industries, Inc. has a 52-week low of $316.56 and a 52-week high of $548.90.

Valmont Industries (NYSE:VMI) last announced its quarterly 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 the consensus estimate of $994.85 million. Valmont Industries had a return on equity of 24.94% and a net margin of 8.91%.The firm’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same period in the prior year, the company posted $4.32 earnings per share. Research analysts predict that Valmont Industries, Inc. will post 22.83 EPS for the current fiscal year.

Valmont Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Friday, June 26th will be issued a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend is Friday, June 26th. Valmont Industries’s dividend payout ratio is 17.10%.

Analyst Ratings Changes

Several analysts recently issued reports on VMI shares. Zacks Research upgraded shares of Valmont Industries from a “hold” rating to a “strong-buy” rating in a report on Thursday, April 23rd. Weiss Ratings upgraded shares of Valmont Industries from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, May 21st. Stifel Nicolaus lifted their target price on Valmont Industries from $497.00 to $541.00 and gave the company a “buy” rating in a research report on Wednesday, April 22nd. DA Davidson lifted their target price on Valmont Industries from $415.00 to $450.00 and gave the company a “neutral” rating in a research report on Wednesday, February 18th. Finally, Oppenheimer set a $600.00 target price on Valmont Industries and gave the company an “outperform” rating in a research report on Thursday, May 28th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $525.25.

Insider Transactions at Valmont Industries

In related news, Director Mogens C. Bay sold 17,500 shares of the company’s stock in a transaction that occurred on 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 of the company’s stock, valued at $55,294,213.06. This represents a 13.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.42% of the stock is owned by company insiders.

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.