ING Groep NV Acquires New Holdings in Valmont Industries, Inc. $VMI

ING Groep NV acquired a new stake in Valmont Industries, Inc. (NYSE:VMI) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 3,600 shares of the industrial products company’s stock, valued at approximately $1,448,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Community Bank N.A. acquired a new position in Valmont Industries in the 3rd quarter valued at approximately $25,000. Elyxium Wealth LLC acquired a new position in Valmont Industries in the 4th quarter valued at approximately $27,000. Leonteq Securities AG acquired a new position in Valmont Industries in the 4th quarter valued at approximately $30,000. State of Wyoming acquired a new position in Valmont Industries in the 4th quarter valued at approximately $34,000. Finally, Abich Financial Wealth Management LLC acquired a new position in Valmont Industries in the 3rd quarter valued at approximately $36,000. 87.84% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Valmont Industries

In other news, Director Mogens C. Bay sold 17,500 shares of the stock in a transaction 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 $55,294,213.06. This represents a 13.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 1.42% of the stock is currently owned by company insiders.

Valmont Industries Trading Down 0.6%

VMI opened at $532.47 on Wednesday. Valmont Industries, Inc. has a twelve month low of $316.56 and a twelve month high of $548.90. 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 fifty day moving average of $480.42 and a 200-day moving average of $447.21. The stock has a market cap of $10.34 billion, a PE ratio of 29.57, a price-to-earnings-growth ratio of 1.23 and a beta of 1.34.

Valmont Industries (NYSE:VMI) last posted its quarterly earnings data on Tuesday, April 21st. The industrial products company reported $5.51 earnings per share for the quarter, topping the consensus estimate of $4.72 by $0.79. Valmont Industries had a net margin of 8.91% and a return on equity of 24.94%. The company had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $994.85 million. During the same period in the prior year, the company posted $4.32 earnings per share. Valmont Industries’s revenue for the quarter was up 6.2% compared to the same quarter last year. On average, sell-side analysts predict that Valmont Industries, Inc. will post 22.83 EPS for the current year.

Valmont Industries Dividend Announcement

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

Analyst Upgrades and Downgrades

VMI has been the subject of several recent research reports. Stifel Nicolaus upped their price target on shares of Valmont Industries from $497.00 to $541.00 and gave the company a “buy” rating in a research report on Wednesday, April 22nd. Weiss Ratings upgraded shares of Valmont Industries from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, May 21st. Zacks Research upgraded shares of Valmont Industries from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 23rd. JPMorgan Chase & Co. upped their price target on shares of Valmont Industries from $480.00 to $510.00 and gave the company an “overweight” rating in a research report on Wednesday, February 18th. Finally, DA Davidson upped their price target on shares of Valmont Industries from $415.00 to $450.00 and gave the company a “neutral” rating in a research report on Wednesday, February 18th. 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 company. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $525.25.

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.