Valmont Industries, Inc. (NYSE:VMI) Shares Sold by Pioneer Trust Bank N A OR

Pioneer Trust Bank N A OR reduced its stake in shares of Valmont Industries, Inc. (NYSE:VMI) by 0.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 55,555 shares of the industrial products company’s stock after selling 53 shares during the quarter. Valmont Industries accounts for approximately 4.3% of Pioneer Trust Bank N A OR’s portfolio, making the stock its 6th largest holding. Pioneer Trust Bank N A OR owned 0.28% of Valmont Industries worth $17,037,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of Valmont Industries by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 1,990,839 shares of the industrial products company’s stock worth $610,531,000 after acquiring an additional 6,967 shares during the period. State Street Corp grew its holdings in Valmont Industries by 1.1% in the third quarter. State Street Corp now owns 640,876 shares of the industrial products company’s stock valued at $186,204,000 after purchasing an additional 6,913 shares during the last quarter. Franklin Resources Inc. increased its position in shares of Valmont Industries by 23.3% in the fourth quarter. Franklin Resources Inc. now owns 502,192 shares of the industrial products company’s stock valued at $154,007,000 after buying an additional 94,884 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Valmont Industries by 1.5% during the 3rd quarter. Geode Capital Management LLC now owns 335,926 shares of the industrial products company’s stock worth $97,428,000 after buying an additional 4,940 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of Valmont Industries by 9.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 292,901 shares of the industrial products company’s stock worth $84,927,000 after buying an additional 24,224 shares in the last quarter. 87.84% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. William Blair cut shares of Valmont Industries from an “outperform” rating to a “market perform” rating in a research report on Friday, March 21st. Stifel Nicolaus lifted their price objective on Valmont Industries from $387.00 to $425.00 and gave the stock a “buy” rating in a research report on Wednesday, February 19th. DA Davidson lowered Valmont Industries from a “buy” rating to a “neutral” rating and set a $380.00 target price on the stock. in a research note on Wednesday, February 19th. Finally, StockNews.com downgraded Valmont Industries from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 29th.

Valmont Industries Price Performance

VMI opened at $265.58 on Friday. Valmont Industries, Inc. has a 1 year low of $202.01 and a 1 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 company’s 50 day simple moving average is $323.80 and its 200 day simple moving average is $320.13. The stock has a market capitalization of $5.33 billion, a PE ratio of 15.46 and a beta of 1.07.

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

Valmont Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Friday, March 28th will be paid a $0.68 dividend. This is a positive change from Valmont Industries’s previous quarterly dividend of $0.60. This represents a $2.72 annualized dividend and a dividend yield of 1.02%. The ex-dividend date of this dividend is Friday, March 28th. Valmont Industries’s payout ratio is currently 15.83%.

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.