Allianz Asset Management GmbH Raises Stock Position in Valmont Industries, Inc. (NYSE:VMI)

Allianz Asset Management GmbH grew its holdings in shares of Valmont Industries, Inc. (NYSE:VMI) by 0.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 126,029 shares of the industrial products company’s stock after buying an additional 801 shares during the quarter. Allianz Asset Management GmbH’s holdings in Valmont Industries were worth $38,649,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Sunbelt Securities Inc. bought a new stake in Valmont Industries during the third quarter worth approximately $35,000. Point72 Asset Management L.P. purchased a new position in shares of Valmont Industries in the 3rd quarter worth approximately $58,000. Avior Wealth Management LLC raised its holdings in Valmont Industries by 35.9% during the 4th quarter. Avior Wealth Management LLC now owns 212 shares of the industrial products company’s stock valued at $65,000 after buying an additional 56 shares during the period. Signaturefd LLC raised its holdings in Valmont Industries by 35.4% during the 3rd quarter. Signaturefd LLC now owns 214 shares of the industrial products company’s stock valued at $62,000 after buying an additional 56 shares during the period. Finally, Hanseatic Management Services Inc. bought a new stake in Valmont Industries in the third quarter worth $66,000. Institutional investors own 87.84% of the company’s stock.

Valmont Industries Stock Performance

VMI stock opened at $349.17 on Monday. The firm has a market cap of $6.99 billion, a price-to-earnings ratio of 20.32 and a beta of 1.05. Valmont Industries, Inc. has a twelve month low of $202.01 and a twelve month high of $379.22. The company has a quick ratio of 1.55, a current ratio of 2.07 and a debt-to-equity ratio of 0.47. The business’s fifty day simple moving average is $324.10 and its two-hundred day simple moving average is $312.69.

Valmont Industries (NYSE:VMI) last announced its quarterly earnings data on Tuesday, February 18th. The industrial products company reported $3.84 earnings per share for the quarter, beating analysts’ consensus estimates of $3.63 by $0.21. The company had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.01 billion. Valmont Industries had a net margin of 8.55% and a return on equity of 23.15%. During the same quarter last year, the business posted $3.18 EPS. Analysts predict that Valmont Industries, Inc. will post 18.07 earnings per share for the current year.

Valmont Industries Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Friday, March 28th will be issued a $0.68 dividend. This is a positive change from Valmont Industries’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend is Friday, March 28th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 0.78%. Valmont Industries’s payout ratio is presently 13.97%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on VMI. StockNews.com downgraded shares of Valmont Industries from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, February 19th. DA Davidson lowered shares of Valmont Industries from a “buy” rating to a “neutral” rating and set a $380.00 price objective on the stock. in a research report on Wednesday, February 19th. Finally, Stifel Nicolaus boosted their target price on Valmont Industries from $387.00 to $425.00 and gave the company a “buy” rating in a research report on Wednesday, February 19th.

Insider Buying and Selling

In related news, Director Mogens C. Bay sold 20,000 shares of the company’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $348.92, for a total value of $6,978,400.00. Following the completion of the sale, the director now directly owns 131,730 shares of the company’s stock, valued at $45,963,231.60. This represents a 13.18 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.00% of the stock is owned by insiders.

Valmont Industries Profile

Valmont Industries, Inc operates as manufacturer of products and services for infrastructure and agriculture markets in the United States, Australia, Brazil, and internationally. It operates through two segments, Infrastructure and Agriculture. The company manufactures and distributes steel, pre-stressed concrete, composite structures for electrical transmission, substation, and distribution applications; and designs, engineers, and manufactures metal, steel, wood, aluminum, and composite poles and structures for lighting and transportation applications.