Gabelli Funds LLC Has $11.56 Million Position in Valmont Industries, Inc. (NYSE:VMI)

Gabelli Funds LLC boosted its position in shares of Valmont Industries, Inc. (NYSE:VMIGet Rating) by 3.2% in the fourth quarter, Holdings Channel.com reports. The firm owned 46,138 shares of the industrial products company’s stock after purchasing an additional 1,424 shares during the period. Gabelli Funds LLC’s holdings in Valmont Industries were worth $11,558,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. CWM LLC bought a new stake in shares of Valmont Industries in the 4th quarter worth approximately $26,000. Pinebridge Investments L.P. acquired a new stake in shares of Valmont Industries in the fourth quarter valued at approximately $50,000. Van ECK Associates Corp acquired a new position in shares of Valmont Industries during the fourth quarter valued at $51,000. IFP Advisors Inc boosted its stake in shares of Valmont Industries by 1,250.0% in the 4th quarter. IFP Advisors Inc now owns 216 shares of the industrial products company’s stock valued at $54,000 after purchasing an additional 200 shares during the last quarter. Finally, Moors & Cabot Inc. acquired a new position in shares of Valmont Industries in the 3rd quarter valued at $85,000. 87.29% of the stock is owned by institutional investors.

A number of equities research analysts recently commented on the stock. StockNews.com began coverage on shares of Valmont Industries in a report on Thursday, March 31st. They set a “hold” rating on the stock. Zacks Investment Research upgraded Valmont Industries from a “hold” rating to a “strong-buy” rating and set a $293.00 price objective for the company in a report on Wednesday, April 27th. Finally, DA Davidson raised their price target on Valmont Industries from $235.00 to $260.00 in a research report on Friday, April 22nd.

Shares of NYSE:VMI opened at $247.91 on Monday. Valmont Industries, Inc. has a 1-year low of $203.30 and a 1-year high of $277.00. The stock has a market cap of $5.28 billion, a PE ratio of 26.26 and a beta of 1.05. The stock’s fifty day simple moving average is $245.29 and its two-hundred day simple moving average is $238.93. The company has a current ratio of 2.25, a quick ratio of 1.26 and a debt-to-equity ratio of 0.64.

Valmont Industries (NYSE:VMIGet Rating) last released its quarterly earnings results on Wednesday, April 20th. The industrial products company reported $3.07 EPS for the quarter, beating analysts’ consensus estimates of $2.30 by $0.77. Valmont Industries had a net margin of 5.47% and a return on equity of 17.60%. The firm had revenue of $980.82 million during the quarter, compared to analyst estimates of $888.07 million. During the same period in the previous year, the business earned $2.57 EPS. The business’s revenue for the quarter was up 26.6% on a year-over-year basis. On average, sell-side analysts forecast that Valmont Industries, Inc. will post 13.35 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, July 15th. Stockholders of record on Friday, June 24th will be given a $0.55 dividend. The ex-dividend date of this dividend is Thursday, June 23rd. This represents a $2.20 annualized dividend and a dividend yield of 0.89%. Valmont Industries’s dividend payout ratio is 23.31%.

In related news, EVP Aaron M. Schapper sold 7,269 shares of Valmont Industries stock in a transaction dated Thursday, April 28th. The stock was sold at an average price of $252.19, for a total value of $1,833,169.11. Following the completion of the transaction, the executive vice president now owns 9,683 shares in the company, valued at $2,441,955.77. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Stephen G. Kaniewski sold 17,540 shares of the stock in a transaction dated Tuesday, May 17th. The stock was sold at an average price of $248.78, for a total transaction of $4,363,601.20. Following the completion of the sale, the chief executive officer now directly owns 43,844 shares in the company, valued at $10,907,510.32. The disclosure for this sale can be found here. Insiders have sold 25,570 shares of company stock valued at $6,396,708 in the last three months. Insiders own 2.00% of the company’s stock.

Valmont Industries Profile (Get Rating)

Valmont Industries, Inc produces and sells fabricated metal products in the United States, Australia, Brazil, Denmark, and internationally. The company operates through four segments: Engineered Support Structures, Utility Support Structures, Coatings, and Irrigation. The Engineered Support Structures segment manufactures and distributes engineered metal, steel, wood, aluminum, and composite poles, towers, and components for lighting, traffic, and wireless communication markets; engineered access systems; integrated structure solutions for smart cities; and highway safety products.

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Institutional Ownership by Quarter for Valmont Industries (NYSE:VMI)

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