Kennedy Capital Management LLC Has $65.88 Million Holdings in Valmont Industries, Inc. $VMI

Kennedy Capital Management LLC increased its stake in shares of Valmont Industries, Inc. (NYSE:VMI) by 47.9% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 163,754 shares of the industrial products company’s stock after acquiring an additional 53,058 shares during the quarter. Valmont Industries accounts for 1.4% of Kennedy Capital Management LLC’s portfolio, making the stock its biggest position. Kennedy Capital Management LLC’s holdings in Valmont Industries were worth $65,881,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also bought and sold shares of VMI. Community Bank N.A. bought a new stake in Valmont Industries during the third quarter worth $25,000. Elyxium Wealth LLC bought a new stake in Valmont Industries during the fourth quarter worth $27,000. Leonteq Securities AG bought a new stake in Valmont Industries during the fourth quarter worth $30,000. State of Wyoming bought a new stake in Valmont Industries during the fourth quarter worth $34,000. Finally, Abich Financial Wealth Management LLC bought a new stake in Valmont Industries during the third quarter worth $36,000. Institutional investors own 87.84% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on VMI shares. Weiss Ratings downgraded Valmont Industries from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday. Wall Street Zen upgraded Valmont Industries from a “buy” rating to a “strong-buy” rating in a report on Sunday, May 31st. Oppenheimer set a $600.00 price target on Valmont Industries and gave the stock an “outperform” rating in a report on Thursday, May 28th. Stifel Nicolaus upped 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. Finally, DA Davidson upped their price objective on Valmont Industries from $415.00 to $450.00 and gave the company a “neutral” rating in a research note on Wednesday, February 18th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $525.25.

Valmont Industries Stock Up 3.4%

VMI stock opened at $546.52 on Friday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.59 and a current ratio of 2.38. The company has a market capitalization of $10.61 billion, a price-to-earnings ratio of 30.35, a PEG ratio of 1.26 and a beta of 1.34. Valmont Industries, Inc. has a fifty-two week low of $316.56 and a fifty-two week high of $548.90. The stock has a fifty day moving average of $488.37 and a 200-day moving average of $449.79.

Valmont Industries (NYSE:VMI) last issued its quarterly earnings data on Tuesday, April 21st. The industrial products company reported $5.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.72 by $0.79. The business had revenue of $1.03 billion for 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%.The firm’s quarterly revenue was up 6.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $4.32 EPS. As a group, equities research analysts predict that Valmont Industries, Inc. will post 22.83 earnings per share for the current year.

Valmont Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Friday, June 26th will be issued 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 is 17.10%.

Insider Transactions at Valmont Industries

In related news, Director Mogens C. Bay sold 17,500 shares of the stock in a transaction dated 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 sale, the director owned 112,309 shares of the company’s stock, valued at approximately $55,294,213.06. This represents a 13.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.42% of the company’s stock.

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.