Ontario Teachers Pension Plan Board Grows Stock Position in 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 increased its stake in Valmont Industries, Inc. (NYSE:VMI - Free Report) by 130.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,058 shares of the industrial products company's stock after acquiring an additional 2,864 shares during the period. Ontario Teachers Pension Plan Board's holdings in Valmont Industries were worth $1,443,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. Aster Capital Management DIFC Ltd boosted its stake in shares of Valmont Industries by 175.7% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 193 shares of the industrial products company's stock valued at $59,000 after purchasing an additional 123 shares during the period. Quarry LP raised its holdings in Valmont Industries by 395.1% during the 4th quarter. Quarry LP now owns 203 shares of the industrial products company's stock valued at $62,000 after buying an additional 162 shares during the last quarter. GAMMA Investing LLC boosted its position in Valmont Industries by 82.3% during the 1st quarter. GAMMA Investing LLC now owns 226 shares of the industrial products company's stock valued at $64,000 after buying an additional 102 shares during the period. Signaturefd LLC grew its holdings in Valmont Industries by 23.9% in the 1st quarter. Signaturefd LLC now owns 270 shares of the industrial products company's stock worth $77,000 after acquiring an additional 52 shares during the last quarter. Finally, New Age Alpha Advisors LLC purchased a new position in shares of Valmont Industries in the first quarter valued at about $82,000. 87.84% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Valmont Industries

In related news, CAO Timothy P. Francis sold 2,867 shares of the stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $358.52, for a total value of $1,027,876.84. Following the completion of the transaction, the chief accounting officer directly owned 9,746 shares in the company, valued at $3,494,135.92. This trade represents a 22.73% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.50% of the company's stock.

Analyst Ratings Changes

VMI has been the topic of several recent analyst reports. DA Davidson raised their target price on Valmont Industries from $380.00 to $400.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 23rd. Wall Street Zen cut Valmont Industries from a "buy" rating to a "hold" rating in a research note on Sunday, August 3rd. William Blair raised Valmont Industries from a "market perform" rating to an "outperform" rating in a research note on Wednesday, April 23rd. Finally, Stifel Nicolaus raised their price target on Valmont Industries from $345.00 to $382.00 and gave the stock a "buy" rating in a research note on Monday, July 21st.

Valmont Industries Price Performance

VMI stock opened at $367.14 on Friday. 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 1 year low of $250.07 and a 1 year high of $379.22. The firm has a 50-day moving average of $337.56 and a 200 day moving average of $321.78. The company has a market cap of $7.25 billion, a P/E ratio of 34.18 and a beta of 1.12.

Valmont Industries (NYSE:VMI - Get Free Report) last announced its earnings results on Tuesday, July 22nd. The industrial products company reported $4.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.78 by $0.10. The firm had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.03 billion. Valmont Industries had a return on equity of 22.10% and a net margin of 5.98%. The business's revenue was up 1.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $4.91 EPS. On average, sell-side analysts forecast that Valmont Industries, Inc. will post 18.07 EPS for the current year.

Valmont Industries Dividend Announcement

The firm 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 dividend of $0.68 per share. 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 payout ratio is 25.33%.

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.

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