Valmont Industries, Inc. (NYSE:VMI) Shares Purchased by JPMorgan Chase & Co.

JPMorgan Chase & Co. raised its stake in shares of Valmont Industries, Inc. (NYSE:VMIGet Rating) by 32.9% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 325,976 shares of the industrial products company’s stock after purchasing an additional 80,737 shares during the period. JPMorgan Chase & Co.’s holdings in Valmont Industries were worth $73,224,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Swiss National Bank increased its position in shares of Valmont Industries by 7.5% in the first quarter. Swiss National Bank now owns 50,200 shares of the industrial products company’s stock worth $11,978,000 after acquiring an additional 3,500 shares in the last quarter. Loomis Sayles & Co. L P acquired a new stake in shares of Valmont Industries in the second quarter worth $14,964,000. Oppenheimer Asset Management Inc. increased its position in shares of Valmont Industries by 9.3% in the first quarter. Oppenheimer Asset Management Inc. now owns 2,029 shares of the industrial products company’s stock worth $484,000 after acquiring an additional 172 shares in the last quarter. Blair William & Co. IL increased its position in shares of Valmont Industries by 63.6% in the first quarter. Blair William & Co. IL now owns 76,757 shares of the industrial products company’s stock worth $18,314,000 after acquiring an additional 29,846 shares in the last quarter. Finally, Commonwealth Equity Services LLC acquired a new stake in shares of Valmont Industries in the second quarter worth $217,000. Institutional investors and hedge funds own 88.60% of the company’s stock.

Valmont Industries Price Performance

VMI opened at $336.80 on Thursday. Valmont Industries, Inc. has a twelve month low of $203.30 and a twelve month high of $340.51. The company has a current ratio of 2.13, a quick ratio of 1.27 and a debt-to-equity ratio of 0.59. The firm has a market cap of $7.18 billion, a price-to-earnings ratio of 30.56, a PEG ratio of 2.02 and a beta of 1.11. The company has a fifty day simple moving average of $297.40 and a 200 day simple moving average of $269.48.

Valmont Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 17th. Shareholders of record on Friday, December 30th will be paid a dividend of $0.55 per share. The ex-dividend date is Thursday, December 29th. This represents a $2.20 dividend on an annualized basis and a yield of 0.65%. Valmont Industries’s dividend payout ratio (DPR) is 19.96%.

Insider Buying and Selling at Valmont Industries

In other Valmont Industries news, EVP Aaron M. Schapper sold 1,951 shares of the stock in a transaction on Friday, November 18th. The shares were sold at an average price of $325.90, for a total transaction of $635,830.90. Following the transaction, the executive vice president now directly owns 9,683 shares in the company, valued at approximately $3,155,689.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.00% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on VMI shares. Stifel Nicolaus increased their price objective on shares of Valmont Industries from $277.00 to $315.00 and gave the stock a “buy” rating in a research report on Tuesday, October 11th. TheStreet raised shares of Valmont Industries from a “c+” rating to a “b+” rating in a report on Thursday, August 25th. StockNews.com raised shares of Valmont Industries from a “hold” rating to a “buy” rating in a report on Wednesday. Finally, DA Davidson raised their price target on shares of Valmont Industries to $310.00 in a report on Tuesday, November 1st. Four research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $305.50.

About Valmont Industries

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Valmont Industries, Inc produces and sells fabricated metal products in the United States, Australia, Brazil, Denmark, and internationally. It operates through two segments: Infrastructure and Agriculture. The company 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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