Allianz Asset Management GmbH Raises Stock Holdings in Valmont Industries, Inc. (NYSE:VMI)

Allianz Asset Management GmbH grew its stake in shares of Valmont Industries, Inc. (NYSE:VMI) by 0.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 126,029 shares of the industrial products company’s stock after acquiring an additional 801 shares during the quarter. Allianz Asset Management GmbH owned about 0.63% of Valmont Industries worth $38,649,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Sunbelt Securities Inc. bought a new position in Valmont Industries during the third quarter valued at approximately $35,000. Point72 Asset Management L.P. bought a new position in shares of Valmont Industries during the 3rd quarter valued at $58,000. Signaturefd LLC lifted its holdings in shares of Valmont Industries by 35.4% during the 3rd quarter. Signaturefd LLC now owns 214 shares of the industrial products company’s stock valued at $62,000 after buying an additional 56 shares during the period. Avior Wealth Management LLC boosted its stake in shares of Valmont Industries by 35.9% in the 4th quarter. Avior Wealth Management LLC now owns 212 shares of the industrial products company’s stock worth $65,000 after buying an additional 56 shares during the last quarter. Finally, Hanseatic Management Services Inc. bought a new stake in shares of Valmont Industries in the third quarter worth $66,000. 87.84% of the stock is currently owned by institutional investors.

Insider Transactions at Valmont Industries

In other Valmont Industries news, Director Mogens C. Bay sold 20,000 shares of the stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $348.92, for a total value of $6,978,400.00. Following the completion of the sale, the director now owns 131,730 shares in the company, valued at approximately $45,963,231.60. This represents a 13.18 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 2.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on VMI. StockNews.com downgraded Valmont Industries from a “strong-buy” rating to a “buy” rating in a report on Wednesday, February 19th. DA Davidson cut shares of Valmont Industries from a “buy” rating to a “neutral” rating and set a $380.00 price objective on the stock. in a research note on Wednesday, February 19th. Finally, Stifel Nicolaus boosted their target price on shares of Valmont Industries from $387.00 to $425.00 and gave the company a “buy” rating in a research report on Wednesday, February 19th.

Valmont Industries Price Performance

Shares of Valmont Industries stock opened at $349.17 on Monday. The stock’s fifty day moving average is $324.10 and its 200 day moving average is $312.69. Valmont Industries, Inc. has a one year low of $202.01 and a one year high of $379.22. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.55 and a current ratio of 2.07. The stock has a market cap of $6.99 billion, a P/E ratio of 20.32 and a beta of 1.05.

Valmont Industries (NYSE:VMI) last posted its quarterly earnings data on Tuesday, February 18th. The industrial products company reported $3.84 EPS for the quarter, topping the consensus estimate of $3.63 by $0.21. The firm had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.01 billion. Valmont Industries had a return on equity of 23.15% and a net margin of 8.55%. During the same quarter last year, the company earned $3.18 earnings per share. Sell-side analysts anticipate that Valmont Industries, Inc. will post 18.07 earnings per share for the current year.

Valmont Industries Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Friday, March 28th will be given a $0.68 dividend. This is a positive change from Valmont Industries’s previous quarterly dividend of $0.60. This represents a $2.72 dividend on an annualized basis and a dividend yield of 0.78%. The ex-dividend date of this dividend is Friday, March 28th. Valmont Industries’s dividend payout ratio is presently 13.97%.

Valmont Industries 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.