Valmont Industries, Inc. $VMI Shares Sold by Cornerstone Planning Group LLC

Key Points

• Cornerstone Planning Group LLC reduced its stake in Valmont Industries by 99.6%, selling 14,543 shares in Q4 and leaving just 63 shares valued at about $28,000.
• Director Mogens C. Bay sold 17,500 shares on April 24 at an average price of $492.34 for roughly $8.62 million, cutting his position by 13.48% while still holding 112,309 shares (~$55.3M).
• Valmont beat expectations with quarterly $5.51 EPS (vs. $4.72 est.) and $1.03B revenue, and analysts maintain a "Moderate Buy" consensus with an average price target of $500.33.

Cornerstone Planning Group LLC reduced its holdings in Valmont Industries, Inc. (NYSE:VMI - Free Report) by 99.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 63 shares of the industrial products company's stock after selling 14,543 shares during the period. Cornerstone Planning Group LLC's holdings in Valmont Industries were worth $28,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of VMI. Robert B. Daugherty Foundation acquired a new stake in Valmont Industries in the fourth quarter valued at approximately $100,580,000. Ninety One UK Ltd acquired a new stake in Valmont Industries in the fourth quarter valued at approximately $66,103,000. AQR Capital Management LLC grew its holdings in Valmont Industries by 118.8% in the third quarter. AQR Capital Management LLC now owns 282,610 shares of the industrial products company's stock valued at $108,884,000 after purchasing an additional 153,418 shares during the period. Schroder Investment Management Group grew its holdings in Valmont Industries by 882.8% in the third quarter. Schroder Investment Management Group now owns 98,962 shares of the industrial products company's stock valued at $37,829,000 after purchasing an additional 88,893 shares during the period. Finally, Qube Research & Technologies Ltd grew its holdings in Valmont Industries by 179.6% in the second quarter. Qube Research & Technologies Ltd now owns 117,342 shares of the industrial products company's stock valued at $38,320,000 after purchasing an additional 75,377 shares during the period. 87.84% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Mogens C. Bay sold 17,500 shares of the business's stock in a transaction on 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 completion of the transaction, the director directly owned 112,309 shares of the company's stock, valued at $55,294,213.06. The trade was a 13.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 1.42% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on VMI shares. Wall Street Zen raised Valmont Industries from a "hold" rating to a "strong-buy" rating in a report on Saturday. JPMorgan Chase & Co. raised their price objective on Valmont Industries from $480.00 to $510.00 and gave the company an "overweight" rating in a report on Wednesday, February 18th. Weiss Ratings reissued a "hold (c+)" rating on shares of Valmont Industries in a report on Friday, March 27th. Zacks Research raised Valmont Industries from a "hold" rating to a "strong-buy" rating in a report on Thursday, April 23rd. Finally, DA Davidson lifted their price target on Valmont Industries from $415.00 to $450.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 18th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Valmont Industries presently has an average rating of "Moderate Buy" and a consensus price target of $500.33.

Valmont Industries Price Performance

NYSE:VMI opened at $507.99 on Tuesday. 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 market capitalization of $9.86 billion, a P/E ratio of 28.21 and a beta of 1.36. Valmont Industries, Inc. has a 52 week low of $299.24 and a 52 week high of $514.02. The stock's fifty day moving average is $432.49 and its two-hundred day moving average is $426.57.

Valmont Industries (NYSE:VMI - Get Free Report) last posted its quarterly earnings data on Tuesday, April 21st. The industrial products company reported $5.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.72 by $0.79. The firm had revenue of $1.03 billion for 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 company's quarterly revenue was up 6.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $4.32 EPS. Equities analysts expect that Valmont Industries, Inc. will post 22.93 EPS for the current year.

Valmont Industries Announces Dividend

The company 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 $0.77 dividend. This represents a $3.08 annualized dividend and a dividend yield of 0.6%. The ex-dividend date is Friday, June 26th. Valmont Industries's payout ratio is currently 17.10%.

Valmont Industries Company 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.

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