1,696 Shares in Valmont Industries, Inc. $VMI Purchased by EP Wealth Advisors LLC

EP Wealth Advisors LLC bought a new stake in Valmont Industries, Inc. (NYSE:VMI) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,696 shares of the industrial products company’s stock, valued at approximately $980,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of VMI. Ieq Capital LLC purchased a new position in Valmont Industries in the second quarter valued at approximately $9,522,000. Callan Family Office LLC bought a new stake in shares of Valmont Industries in the second quarter valued at $2,483,000. Blue Capital Inc. purchased a new position in shares of Valmont Industries during the 2nd quarter valued at $571,000. Allworth Financial LP bought a new position in shares of Valmont Industries during the 2nd quarter worth $192,000. Finally, Trillium Asset Management LLC bought a new position in shares of Valmont Industries during the 2nd quarter worth $28,017,000. 87.84% of the stock is owned by institutional investors.

Valmont Industries Price Performance

VMI stock opened at $486.94 on Monday. The firm has a 50 day moving average of $524.20 and a 200-day moving average of $485.90. The firm has a market capitalization of $9.40 billion, a P/E ratio of 18.96, a price-to-earnings-growth ratio of 1.11 and a beta of 1.35. Valmont Industries, Inc. has a 12 month low of $360.41 and a 12 month high of $585.71. The company has a current ratio of 2.35, a quick ratio of 1.55 and a debt-to-equity ratio of 0.42.

Valmont Industries (NYSE:VMI) last posted its earnings results on Tuesday, July 21st. The industrial products company reported $6.14 earnings per share (EPS) for the quarter, topping 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 business had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.09 billion. During the same period in the prior year, the company posted $4.88 EPS. The business’s revenue for the quarter was up 6.5% compared to the same quarter last year. As a group, sell-side analysts predict that Valmont Industries, Inc. will post 23.08 earnings per share for the current fiscal year.

Valmont Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Friday, September 25th will be given a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Friday, September 25th. Valmont Industries’s dividend payout ratio (DPR) is 11.99%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on VMI shares. Wall Street Zen cut Valmont Industries from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 8th. Oppenheimer set a $600.00 target price on shares of Valmont Industries and gave the stock an “outperform” rating in a research note on Thursday, May 28th. Stifel Nicolaus boosted their price target on shares of Valmont Industries from $645.00 to $678.00 and gave the company a “buy” rating in a research report on Monday, July 20th. 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. Finally, Zacks Research lowered shares of Valmont Industries from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 20th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $587.00.

Insiders Place Their Bets

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

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.