Valmont Industries, Inc. $VMI Shares Bought by Danske Bank A S

Danske Bank A S grew its position in shares of Valmont Industries, Inc. (NYSE:VMI) by 6,471.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 13,142 shares of the industrial products company’s stock after purchasing an additional 12,942 shares during the quarter. Danske Bank A S’s holdings in Valmont Industries were worth $5,287,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of VMI. Robert B. Daugherty Foundation acquired a new position in shares of Valmont Industries during the 4th quarter valued at $100,580,000. Ninety One UK Ltd bought a new stake in shares of Valmont Industries during the 4th quarter worth $66,103,000. AQR Capital Management LLC boosted its stake in shares of Valmont Industries by 118.8% during the 3rd quarter. AQR Capital Management LLC now owns 282,610 shares of the industrial products company’s stock worth $108,884,000 after acquiring an additional 153,418 shares in the last quarter. Schroder Investment Management Group boosted its stake in shares of Valmont Industries by 882.8% during the 3rd quarter. Schroder Investment Management Group now owns 98,962 shares of the industrial products company’s stock worth $37,829,000 after acquiring an additional 88,893 shares in the last quarter. Finally, Qube Research & Technologies Ltd boosted its stake in shares of Valmont Industries by 179.6% during the 2nd quarter. Qube Research & Technologies Ltd now owns 117,342 shares of the industrial products company’s stock worth $38,320,000 after acquiring an additional 75,377 shares in the last quarter. 87.84% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Valmont Industries

In related news, Director Mogens C. Bay sold 17,500 shares of Valmont Industries stock in a transaction on Friday, April 24th. The stock was 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 of the company’s stock, 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 is accessible through the SEC website. Insiders own 1.42% of the company’s stock.

Valmont Industries Stock Performance

Shares of Valmont Industries stock opened at $507.99 on Tuesday. The stock has a market cap of $9.86 billion, a PE ratio of 28.21 and a beta of 1.36. The business has a fifty day simple moving average of $432.49 and a 200-day simple moving average of $426.57. The company has a quick ratio of 1.59, a current ratio of 2.38 and a debt-to-equity ratio of 0.47. Valmont Industries, Inc. has a 12 month low of $299.24 and a 12 month high of $514.02.

Valmont Industries (NYSE:VMI) last issued its earnings results on Tuesday, April 21st. The industrial products company reported $5.51 EPS for the quarter, topping the consensus estimate of $4.72 by $0.79. The business 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%.Valmont Industries’s revenue was up 6.2% compared to the same quarter last year. During the same quarter last year, the firm posted $4.32 earnings per share. On average, sell-side analysts anticipate that Valmont Industries, Inc. will post 22.93 EPS for the current fiscal year.

Valmont Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Friday, June 26th will be given a dividend of $0.77 per share. The ex-dividend date of this dividend is Friday, June 26th. This represents a $3.08 dividend on an annualized basis and a yield of 0.6%. Valmont Industries’s dividend payout ratio (DPR) is presently 17.10%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Wall Street Zen raised Valmont Industries from a “hold” rating to a “strong-buy” rating in a research note on Saturday. JPMorgan Chase & Co. raised their price objective on Valmont Industries from $480.00 to $510.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 18th. Weiss Ratings reissued a “hold (c+)” rating on shares of Valmont Industries in a research note on Friday, March 27th. Zacks Research raised Valmont Industries from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 23rd. Finally, Stifel Nicolaus raised 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. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus 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.