AQR Capital Management LLC Buys Shares of 2,560 Valmont Industries, Inc. (NYSE:VMI)

AQR Capital Management LLC bought a new stake in Valmont Industries, Inc. (NYSE:VMI) during the 2nd quarter, Holdings Channel reports. The firm bought 2,560 shares of the industrial products company’s stock, valued at approximately $318,000.

Other large investors have also recently bought and sold shares of the company. JPMorgan Chase & Co. lifted its holdings in shares of Valmont Industries by 44.7% in the 1st quarter. JPMorgan Chase & Co. now owns 41,081 shares of the industrial products company’s stock worth $5,344,000 after acquiring an additional 12,683 shares during the last quarter. State of Wisconsin Investment Board lifted its holdings in shares of Valmont Industries by 24.0% in the 1st quarter. State of Wisconsin Investment Board now owns 72,146 shares of the industrial products company’s stock worth $9,386,000 after acquiring an additional 13,960 shares during the last quarter. First Pacific Advisors LP acquired a new position in shares of Valmont Industries in the 1st quarter worth approximately $3,513,000. Amundi Pioneer Asset Management Inc. lifted its holdings in shares of Valmont Industries by 26.4% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 304,607 shares of the industrial products company’s stock worth $39,629,000 after acquiring an additional 63,569 shares during the last quarter. Finally, First National Bank of Omaha lifted its holdings in shares of Valmont Industries by 39.0% in the 2nd quarter. First National Bank of Omaha now owns 5,350 shares of the industrial products company’s stock worth $678,000 after acquiring an additional 1,500 shares during the last quarter. Institutional investors own 85.58% of the company’s stock.

Several equities analysts have recently commented on VMI shares. TheStreet upgraded shares of Valmont Industries from a “c+” rating to a “b” rating in a report on Monday, September 16th. Zacks Investment Research lowered shares of Valmont Industries from a “strong-buy” rating to a “hold” rating and set a $144.00 price objective on the stock. in a report on Saturday, July 27th. ValuEngine upgraded shares of Valmont Industries from a “sell” rating to a “hold” rating in a report on Friday, July 12th. Finally, DA Davidson decreased their price objective on shares of Valmont Industries to $155.00 in a report on Monday, October 7th. Three analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Valmont Industries presently has an average rating of “Hold” and an average target price of $150.67.

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

Shares of VMI stock opened at $136.02 on Friday. The firm’s 50 day moving average price is $136.82 and its 200-day moving average price is $129.65. 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, Inc. has a one year low of $103.01 and a one year high of $146.46. The firm has a market cap of $2.84 billion, a P/E ratio of 17.94, a P/E/G ratio of 1.53 and a beta of 1.42.

Valmont Industries (NYSE:VMI) last issued its quarterly earnings data on Tuesday, July 23rd. The industrial products company reported $2.10 EPS for the quarter, missing the consensus estimate of $2.24 by ($0.14). The company had revenue of $700.90 million during the quarter, compared to analyst estimates of $725.44 million. Valmont Industries had a return on equity of 14.86% and a net margin of 3.61%. The business’s revenue was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.98 earnings per share. As a group, research analysts predict that Valmont Industries, Inc. will post 8.44 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Friday, September 27th will be issued a dividend of $0.375 per share. The ex-dividend date of this dividend is Thursday, September 26th. This represents a $1.50 dividend on an annualized basis and a yield of 1.10%. Valmont Industries’s dividend payout ratio (DPR) is presently 19.79%.

Valmont Industries Company 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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