M&T Bank Corp Acquires 7,298 Shares of Valmont Industries, Inc. $VMI

Key Points

• M&T Bank Corp boosted its position in Valmont Industries by 1,220.4% in Q4, buying an additional 7,298 shares to hold 7,896 shares worth about $3.18 million.
• Valmont reported a strong quarter with $5.51 EPS vs. $4.72 expected and revenue of $1.03 billion (above forecasts), with analysts lifting price targets and a current consensus rating of "Moderate Buy."
• The company declared a quarterly dividend of $0.77 per share (annualized $3.08; yield ~0.6%), payable July 15 to shareholders of record on June 26 (ex-dividend date June 26).

M&T Bank Corp increased its holdings in Valmont Industries, Inc. (NYSE:VMI - Free Report) by 1,220.4% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 7,896 shares of the industrial products company's stock after buying an additional 7,298 shares during the quarter. M&T Bank Corp's holdings in Valmont Industries were worth $3,177,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. L. Roy Papp & Associates LLP increased its holdings in Valmont Industries by 3.6% in the 4th quarter. L. Roy Papp & Associates LLP now owns 14,506 shares of the industrial products company's stock worth $5,836,000 after buying an additional 501 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH increased its holdings in Valmont Industries by 30.9% in the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 7,863 shares of the industrial products company's stock worth $3,175,000 after buying an additional 1,854 shares in the last quarter. TABR Capital Management LLC bought a new stake in Valmont Industries in the 4th quarter worth about $2,422,000. Meritage Portfolio Management bought a new stake in Valmont Industries in the 4th quarter worth about $5,221,000. Finally, Evergreen Capital Management LLC increased its holdings in Valmont Industries by 11.2% in the 4th quarter. Evergreen Capital Management LLC now owns 1,082 shares of the industrial products company's stock worth $436,000 after buying an additional 109 shares in the last quarter. 87.84% of the stock is currently owned by institutional investors.

Valmont Industries Trading Down 0.1%

Valmont Industries stock opened at $498.33 on Tuesday. The business has a 50-day simple moving average of $429.82 and a two-hundred day simple moving average of $424.42. The company has a market cap of $9.74 billion, a P/E ratio of 27.67 and a beta of 1.24. Valmont Industries, Inc. has a 52-week low of $286.50 and a 52-week high of $503.91. 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 (NYSE:VMI - Get Free Report) last released its quarterly earnings results on Tuesday, April 21st. The industrial products company reported $5.51 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.72 by $0.79. The business had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $994.85 million. Valmont Industries had a return on equity of 24.94% and a net margin of 8.91%.The business's quarterly revenue was up 6.2% compared to the same quarter last year. During the same period in the previous year, the company posted $4.32 EPS. Analysts predict that Valmont Industries, Inc. will post 22.93 EPS for the current year.

Valmont Industries Announces Dividend

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

Analyst Ratings Changes

VMI has been the subject of several research analyst reports. JPMorgan Chase & Co. lifted their price objective on Valmont Industries from $480.00 to $510.00 and gave the stock an "overweight" rating in a report on Wednesday, February 18th. Stifel Nicolaus lifted their price objective on Valmont Industries from $497.00 to $541.00 and gave the stock a "buy" rating in a report on Wednesday, April 22nd. Wall Street Zen downgraded Valmont Industries from a "buy" rating to a "hold" rating in a report on Saturday, February 28th. DA Davidson lifted their price objective on Valmont Industries from $415.00 to $450.00 and gave the stock a "neutral" rating in a report on Wednesday, February 18th. Finally, Weiss Ratings restated a "hold (c+)" rating on shares of Valmont Industries in a research note on Friday, March 27th. 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 company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $500.33.

About Valmont Industries

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.

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