Quantbot Technologies LP Buys New Position in Valmont Industries, Inc. $VMI

Quantbot Technologies LP purchased a new position in Valmont Industries, Inc. (NYSE:VMI) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 1,578 shares of the industrial products company’s stock, valued at approximately $911,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Elyxium Wealth LLC purchased a new position in Valmont Industries during the fourth quarter valued at $27,000. Caitong International Asset Management Co. Ltd purchased a new stake in Valmont Industries in the fourth quarter worth about $27,000. Elevation Wealth Partners LLC raised its stake in shares of Valmont Industries by 179.2% in the second quarter. Elevation Wealth Partners LLC now owns 67 shares of the industrial products company’s stock worth $39,000 after buying an additional 43 shares during the period. Leonteq Securities AG purchased a new position in shares of Valmont Industries during the 4th quarter valued at about $30,000. Finally, State of Wyoming bought a new position in shares of Valmont Industries during the 4th quarter valued at approximately $34,000. Hedge funds and other institutional investors own 87.84% of the company’s stock.

Valmont Industries Trading Up 1.1%

VMI stock opened at $478.30 on Thursday. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.35 and a quick ratio of 1.55. Valmont Industries, Inc. has a 1-year low of $360.41 and a 1-year high of $585.71. The business has a 50 day simple moving average of $519.61 and a two-hundred day simple moving average of $486.33. The company has a market capitalization of $9.24 billion, a price-to-earnings ratio of 18.63, a PEG ratio of 1.08 and a beta of 1.35.

Valmont Industries (NYSE:VMI) last released its quarterly earnings data on Tuesday, July 21st. The industrial products company reported $6.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.80 by $0.34. Valmont Industries had a net margin of 11.70% and a return on equity of 25.57%. The firm had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.09 billion. During the same quarter last year, the business posted $4.88 earnings per share. The company’s revenue for the quarter was up 6.5% compared to the same quarter last year. Research analysts anticipate that Valmont Industries, Inc. will post 23.08 EPS for the current fiscal year.

Valmont Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Friday, September 25th will be paid a $0.77 dividend. The ex-dividend date is Friday, September 25th. This represents a $3.08 annualized dividend and a yield of 0.6%. Valmont Industries’s payout ratio is presently 11.99%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on VMI shares. Stifel Nicolaus raised their target price on shares of Valmont Industries from $645.00 to $678.00 and gave the stock a “buy” rating in a research note on Monday, July 20th. Wall Street Zen lowered shares of Valmont Industries from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 8th. JPMorgan Chase & Co. increased their price objective on shares of Valmont Industries from $600.00 to $620.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 22nd. Oppenheimer set a $600.00 price objective on shares of Valmont Industries and gave the company an “outperform” rating in a research report on Thursday, May 28th. Finally, Weiss Ratings cut shares of Valmont Industries from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, August 14th. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $587.00.

Insider Buying and Selling at Valmont Industries

In other Valmont Industries news, Director Theodor Werner Freye sold 800 shares of the stock in a transaction dated Monday, July 27th. The shares were sold at an average price of $495.00, for a total transaction of $396,000.00. Following the completion of the transaction, the director owned 2,805 shares of the company’s stock, valued at $1,388,475. This represents a 22.19% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO John L. Schwietz acquired 208 shares of the business’s stock in a transaction dated Thursday, July 23rd. The shares were purchased at an average price of $486.14 per share, with a total value of $101,117.12. Following the transaction, the chief financial officer owned 2,992 shares of the company’s stock, valued at approximately $1,454,530.88. This represents a 7.47% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 1.42% of the stock is owned by insiders.

About Valmont Industries

Valmont Industries, Inc (NYSE: VMI) is a diversified industrial manufacturer specializing in infrastructure and agricultural products. Headquartered in Omaha, Nebraska, the company engages in the design, production and distribution of engineered products that support water management, power transmission, lighting and traffic infrastructure. Valmont’s solutions range from center-pivot and lateral-move irrigation systems to utility poles, transmission towers, lighting structures and highway traffic signal support structures.

The company operates through several core business segments.