Russell Investments Group Ltd. Has $7 Million Stock Holdings in Valmont Industries, Inc. (NYSE:VMI)

Russell Investments Group Ltd. lifted its position in shares of Valmont Industries, Inc. (NYSE:VMI) by 192.5% during the 2nd quarter, Holdings Channel reports. The firm owned 55,203 shares of the industrial products company’s stock after purchasing an additional 36,331 shares during the quarter. Russell Investments Group Ltd.’s holdings in Valmont Industries were worth $6,998,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in VMI. Dimensional Fund Advisors LP increased its stake in shares of Valmont Industries by 1.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 594,541 shares of the industrial products company’s stock worth $65,963,000 after purchasing an additional 7,032 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Valmont Industries by 3.6% during the 4th quarter. Geode Capital Management LLC now owns 218,696 shares of the industrial products company’s stock worth $24,264,000 after purchasing an additional 7,541 shares during the last quarter. BNP Paribas Arbitrage SA grew its stake in Valmont Industries by 206.6% in the 1st quarter. BNP Paribas Arbitrage SA now owns 1,116 shares of the industrial products company’s stock valued at $145,000 after buying an additional 752 shares during the last quarter. Texas Permanent School Fund grew its stake in Valmont Industries by 3.1% in the 1st quarter. Texas Permanent School Fund now owns 14,898 shares of the industrial products company’s stock valued at $1,938,000 after buying an additional 444 shares during the last quarter. Finally, Crossmark Global Holdings Inc. acquired a new position in Valmont Industries in the 1st quarter valued at about $268,000. Institutional investors own 85.61% of the company’s stock.

VMI traded down $0.32 on Thursday, reaching $144.07. The company had a trading volume of 1,396 shares, compared to its average volume of 140,609. Valmont Industries, Inc. has a fifty-two week low of $103.01 and a fifty-two week high of $144.48. The stock has a market cap of $3.04 billion, a P/E ratio of 19.01, a P/E/G ratio of 1.65 and a beta of 1.42. The company’s fifty day moving average is $134.76 and its 200 day moving average is $129.30. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.89 and a current ratio of 2.71.

Valmont Industries (NYSE:VMI) last announced its quarterly earnings results on Tuesday, July 23rd. The industrial products company reported $2.10 EPS for the quarter, missing the Zacks’ consensus estimate of $2.24 by ($0.14). Valmont Industries had a net margin of 3.61% and a return on equity of 14.86%. The company had revenue of $700.90 million during the quarter, compared to analyst estimates of $725.44 million. During the same quarter last year, the company posted $1.98 EPS. The firm’s quarterly revenue was up 2.7% on a year-over-year basis. On average, sell-side analysts expect that Valmont Industries, Inc. will post 8.51 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Friday, September 27th will be paid a $0.375 dividend. The ex-dividend date is Thursday, September 26th. This represents a $1.50 dividend on an annualized basis and a yield of 1.04%. Valmont Industries’s dividend payout ratio (DPR) is currently 19.79%.

A number of research analysts recently commented on VMI shares. TheStreet lowered shares of Valmont Industries from a “b-” rating to a “c+” rating in a research note on Friday, May 31st. ValuEngine upgraded shares of Valmont Industries from a “sell” rating to a “hold” rating in a research note on Friday, July 12th. Finally, Zacks Investment Research lowered shares of Valmont Industries from a “strong-buy” rating to a “hold” rating and set a $144.00 price target on the stock. in a research note on Saturday, July 27th. Three investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $148.50.

In related news, Director Daas Kaj Den sold 700 shares of the company’s stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $138.62, for a total value of $97,034.00. Following the transaction, the director now owns 11,678 shares in the company, valued at approximately $1,618,804.36. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Mark C. Jaksich sold 7,500 shares of the company’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $137.19, for a total transaction of $1,028,925.00. Following the completion of the transaction, the vice president now owns 24,187 shares in the company, valued at approximately $3,318,214.53. The disclosure for this sale can be found here. 3.10% of the stock is currently owned by corporate insiders.

Valmont Industries Profile

Valmont Industries, Inc produces and sells fabricated metal products in the United States 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, 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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