Fideuram Intesa Sanpaolo Private Banking S.P.A. Purchases Shares of 4,438 Valmont Industries, Inc. $VMI

Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new position in shares of Valmont Industries, Inc. (NYSE:VMI) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 4,438 shares of the industrial products company’s stock, valued at approximately $1,785,000.

Several other hedge funds also recently made changes to their positions in VMI. Robert B. Daugherty Foundation purchased a new position in shares of Valmont Industries during the fourth quarter worth about $100,580,000. Ninety One UK Ltd purchased a new position in shares of Valmont Industries during the fourth quarter worth about $66,103,000. AQR Capital Management LLC grew its holdings in shares of Valmont Industries by 118.8% during the third quarter. AQR Capital Management LLC now owns 282,610 shares of the industrial products company’s stock worth $108,884,000 after buying an additional 153,418 shares during the last quarter. Schroder Investment Management Group grew its holdings in shares of Valmont Industries by 882.8% during the third quarter. Schroder Investment Management Group now owns 98,962 shares of the industrial products company’s stock worth $37,829,000 after buying an additional 88,893 shares during the last quarter. Finally, Qube Research & Technologies Ltd grew its holdings in shares of Valmont Industries by 179.6% during the second quarter. Qube Research & Technologies Ltd now owns 117,342 shares of the industrial products company’s stock worth $38,320,000 after buying an additional 75,377 shares during the last quarter. Hedge funds and other institutional investors own 87.84% of the company’s stock.

Insider Activity

In other news, Director Mogens C. Bay sold 17,500 shares of Valmont Industries stock in a transaction that occurred 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 directly 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 Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.42% of the company’s stock.

Valmont Industries Price Performance

Shares of VMI opened at $506.83 on Friday. Valmont Industries, Inc. has a twelve month low of $305.07 and a twelve month high of $528.49. The stock’s 50 day moving average is $447.91 and its two-hundred day moving average is $435.56. The firm has a market capitalization of $9.84 billion, a PE ratio of 28.14 and a beta of 1.36. The company has a current ratio of 2.38, a quick ratio of 1.59 and a debt-to-equity ratio of 0.47.

Valmont Industries (NYSE:VMI) last announced its quarterly earnings data on Tuesday, April 21st. The industrial products company reported $5.51 earnings per share for the quarter, beating analysts’ consensus estimates of $4.72 by $0.79. Valmont Industries had a return on equity of 24.94% and a net margin of 8.91%.The company had revenue of $1.03 billion for the quarter, compared to analyst estimates of $994.85 million. During the same quarter in the previous year, the company earned $4.32 EPS. The firm’s revenue for the quarter was up 6.2% compared to the same quarter last year. Research analysts anticipate that Valmont Industries, Inc. will post 22.78 earnings per share for the current year.

Valmont Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders 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 payout ratio is currently 17.10%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on VMI shares. Wall Street Zen raised Valmont Industries from a “hold” rating to a “strong-buy” rating in a report on Saturday, May 2nd. Stifel Nicolaus raised their price target on Valmont Industries from $497.00 to $541.00 and gave the stock a “buy” rating in a report on Wednesday, April 22nd. JPMorgan Chase & Co. raised their price target on Valmont Industries from $480.00 to $510.00 and gave the stock an “overweight” rating in a report on Wednesday, February 18th. DA Davidson raised their price target on Valmont Industries from $415.00 to $450.00 and gave the stock a “neutral” rating in a report on Wednesday, February 18th. Finally, Zacks Research raised Valmont Industries from a “hold” rating to a “strong-buy” rating in a report on Thursday, April 23rd. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $500.33.

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.