Ontario Teachers Pension Plan Board Buys 2,864 Shares of Valmont Industries, Inc. (NYSE:VMI)

Key Points

• The Ontario Teachers Pension Plan Board has increased its stake in Valmont Industries by 130.5% during the first quarter, bringing its total shares to 5,058, valued at approximately $1.44 million.
• Valmont Industries recently reported earnings of $4.88 per share, beating analyst estimates, with revenue of $1.05 billion, marking a 1% increase from the previous year.
• The company announced a quarterly dividend of $0.68 per share, with an ex-dividend date set for September 26th, representing an annualized yield of 0.7%.

Ontario Teachers Pension Plan Board boosted its position in Valmont Industries, Inc. (NYSE:VMI - Free Report) by 130.5% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,058 shares of the industrial products company's stock after purchasing an additional 2,864 shares during the quarter. Ontario Teachers Pension Plan Board's holdings in Valmont Industries were worth $1,443,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in VMI. Dimensional Fund Advisors LP lifted its position in shares of Valmont Industries by 2.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 425,178 shares of the industrial products company's stock valued at $130,389,000 after acquiring an additional 9,201 shares during the period. Earnest Partners LLC lifted its position in shares of Valmont Industries by 4.3% during the 4th quarter. Earnest Partners LLC now owns 397,523 shares of the industrial products company's stock valued at $121,908,000 after acquiring an additional 16,302 shares during the period. Segall Bryant & Hamill LLC lifted its position in shares of Valmont Industries by 3.4% during the 1st quarter. Segall Bryant & Hamill LLC now owns 299,901 shares of the industrial products company's stock valued at $85,583,000 after acquiring an additional 9,979 shares during the period. Allianz Asset Management GmbH lifted its position in shares of Valmont Industries by 118.0% during the 1st quarter. Allianz Asset Management GmbH now owns 274,769 shares of the industrial products company's stock valued at $78,411,000 after acquiring an additional 148,740 shares during the period. Finally, Northern Trust Corp lifted its position in shares of Valmont Industries by 20.8% during the 4th quarter. Northern Trust Corp now owns 201,559 shares of the industrial products company's stock valued at $61,812,000 after acquiring an additional 34,666 shares during the period. 87.84% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Valmont Industries

In other news, CAO Timothy P. Francis sold 2,867 shares of the firm's stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $358.52, for a total value of $1,027,876.84. Following the transaction, the chief accounting officer owned 9,746 shares in the company, valued at $3,494,135.92. This trade represents a 22.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.50% of the stock is owned by corporate insiders.

Valmont Industries Trading Up 1.8%

Shares of NYSE:VMI traded up $6.55 during mid-day trading on Tuesday, hitting $374.33. The company had a trading volume of 145,007 shares, compared to its average volume of 160,669. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.15 and a quick ratio of 1.44. Valmont Industries, Inc. has a one year low of $250.07 and a one year high of $379.22. The firm has a fifty day moving average price of $339.58 and a 200 day moving average price of $321.87. The company has a market capitalization of $7.39 billion, a PE ratio of 34.85 and a beta of 1.12.

Valmont Industries (NYSE:VMI - Get Free Report) last announced its quarterly earnings results on Tuesday, July 22nd. The industrial products company reported $4.88 EPS for the quarter, beating analysts' consensus estimates of $4.78 by $0.10. The business had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.03 billion. Valmont Industries had a net margin of 5.98% and a return on equity of 22.10%. Valmont Industries's quarterly revenue was up 1.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $4.91 EPS. As a group, research analysts forecast that Valmont Industries, Inc. will post 18.07 EPS for the current year.

Valmont Industries Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Friday, September 26th will be issued a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Friday, September 26th. Valmont Industries's dividend payout ratio (DPR) is currently 25.33%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. DA Davidson upped their target price on Valmont Industries from $380.00 to $400.00 and gave the company a "neutral" rating in a research report on Wednesday, July 23rd. Stifel Nicolaus raised their price target on shares of Valmont Industries from $345.00 to $382.00 and gave the company a "buy" rating in a research note on Monday, July 21st. William Blair raised shares of Valmont Industries from a "market perform" rating to an "outperform" rating in a research note on Wednesday, April 23rd. Finally, Wall Street Zen downgraded shares of Valmont Industries from a "buy" rating to a "hold" rating in a research report on Sunday, August 3rd.

Valmont Industries Company Profile

Valmont Industries, Inc operates as manufacturer of products and services for infrastructure and agriculture markets in the United States, Australia, Brazil, and internationally. It operates through two segments, Infrastructure and Agriculture. The company manufactures and distributes steel, pre-stressed concrete, composite structures for electrical transmission, substation, and distribution applications; and designs, engineers, and manufactures metal, steel, wood, aluminum, and composite poles and structures for lighting and transportation applications.