Swiss National Bank increased its holdings in Valmont Industries, Inc. (NYSE:VMI – Get Rating) by 2.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 51,500 shares of the industrial products company’s stock after acquiring an additional 1,000 shares during the quarter. Swiss National Bank owned approximately 0.24% of Valmont Industries worth $17,030,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Exchange Traded Concepts LLC acquired a new position in Valmont Industries in the fourth quarter valued at $25,000. Ellevest Inc. increased its position in Valmont Industries by 1,500.0% in the 3rd quarter. Ellevest Inc. now owns 96 shares of the industrial products company’s stock valued at $26,000 after acquiring an additional 90 shares during the period. TCI Wealth Advisors Inc. raised its stake in Valmont Industries by 1,628.6% during the 3rd quarter. TCI Wealth Advisors Inc. now owns 121 shares of the industrial products company’s stock valued at $33,000 after acquiring an additional 114 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in Valmont Industries during the 4th quarter worth approximately $36,000. Finally, Hanseatic Management Services Inc. purchased a new position in shares of Valmont Industries in the 4th quarter valued at approximately $37,000. Hedge funds and other institutional investors own 87.84% of the company’s stock.
Valmont Industries Stock Performance
NYSE:VMI opened at $286.34 on Friday. The company has a quick ratio of 1.40, a current ratio of 2.32 and a debt-to-equity ratio of 0.62. Valmont Industries, Inc. has a fifty-two week low of $213.27 and a fifty-two week high of $353.36. The firm’s fifty day simple moving average is $300.50 and its 200-day simple moving average is $316.97. The stock has a market cap of $6.03 billion, a PE ratio of 23.47, a price-to-earnings-growth ratio of 1.55 and a beta of 1.06.
Valmont Industries Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, July 14th. Shareholders of record on Friday, June 30th will be issued a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 0.84%. The ex-dividend date of this dividend is Thursday, June 29th. Valmont Industries’s dividend payout ratio (DPR) is 19.67%.
Insider Buying and Selling at Valmont Industries
In other news, Director Theodor Werner Freye sold 549 shares of Valmont Industries stock in a transaction on Tuesday, May 2nd. The stock was sold at an average price of $293.00, for a total transaction of $160,857.00. Following the completion of the transaction, the director now owns 5,749 shares of the company’s stock, valued at approximately $1,684,457. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, insider Aaron M. Schapper sold 4,033 shares of the company’s stock in a transaction that occurred on Tuesday, March 14th. The stock was sold at an average price of $309.24, for a total value of $1,247,164.92. Following the sale, the insider now owns 13,629 shares of the company’s stock, valued at approximately $4,214,631.96. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Theodor Werner Freye sold 549 shares of the firm’s stock in a transaction on Tuesday, May 2nd. The stock was sold at an average price of $293.00, for a total value of $160,857.00. Following the transaction, the director now directly owns 5,749 shares of the company’s stock, valued at approximately $1,684,457. The disclosure for this sale can be found here. 2.00% of the stock is owned by corporate insiders.
Wall Street Analyst Weigh In
Several equities research analysts recently weighed in on the company. StockNews.com began coverage on Valmont Industries in a report on Thursday, March 16th. They set a “buy” rating for the company. DA Davidson reaffirmed a “neutral” rating on shares of Valmont Industries in a report on Friday, February 24th. Finally, Stifel Nicolaus cut their price target on shares of Valmont Industries from $389.00 to $352.00 and set a “buy” rating for the company in a report on Monday, April 17th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $314.75.
Valmont Industries Company Profile
Valmont Industries, Inc engages in the manufacture of products and services for infrastructure and agriculture markets. It operates through the Infrastructure and Agriculture segments. The Infrastructure segment includes five primary product lines such as Transmission, Distribution, and Substation, Lighting and Transportation, Coatings, Telecommunications, and Renewable Energy.
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