Valmont Industries, Inc. $VMI Shares Sold by NewEdge Advisors LLC

NewEdge Advisors LLC cut its position in Valmont Industries, Inc. (NYSE:VMI) by 59.5% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 822 shares of the industrial products company’s stock after selling 1,206 shares during the quarter. NewEdge Advisors LLC’s holdings in Valmont Industries were worth $329,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Invesco Ltd. grew its position in Valmont Industries by 8.3% in the 3rd quarter. Invesco Ltd. now owns 422,997 shares of the industrial products company’s stock worth $164,009,000 after purchasing an additional 32,382 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Valmont Industries by 3.5% during the fourth quarter. Geode Capital Management LLC now owns 369,059 shares of the industrial products company’s stock valued at $148,509,000 after buying an additional 12,480 shares during the last quarter. Sei Investments Co. raised its holdings in shares of Valmont Industries by 3.1% during the third quarter. Sei Investments Co. now owns 290,948 shares of the industrial products company’s stock valued at $112,809,000 after buying an additional 8,715 shares during the last quarter. AQR Capital Management LLC boosted its position in shares of Valmont Industries by 118.8% during the third quarter. AQR Capital Management LLC now owns 282,610 shares of the industrial products company’s stock worth $108,884,000 after buying an additional 153,418 shares during the period. Finally, Vaughan Nelson Investment Management L.P. boosted its position in shares of Valmont Industries by 3.7% during the first quarter. Vaughan Nelson Investment Management L.P. now owns 252,605 shares of the industrial products company’s stock worth $100,933,000 after buying an additional 9,130 shares during the period. 87.84% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently issued reports on VMI. Oppenheimer set a $600.00 price objective on Valmont Industries and gave the stock an “outperform” rating in a report on Thursday, May 28th. Wall Street Zen downgraded Valmont Industries from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 8th. JPMorgan Chase & Co. boosted their price target on Valmont Industries from $600.00 to $620.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 22nd. Zacks Research cut Valmont Industries from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 20th. Finally, Stifel Nicolaus raised their price target on Valmont Industries from $645.00 to $678.00 and gave the company a “buy” rating in a report on Monday, July 20th. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $587.00.

Insider Buying and Selling at Valmont Industries

In related news, CFO John L. Schwietz acquired 208 shares of Valmont Industries stock in a transaction dated Thursday, July 23rd. The stock was acquired at an average cost of $486.14 per share, with a total value of $101,117.12. Following the purchase, the chief financial officer directly owned 2,992 shares in the company, valued at $1,454,530.88. The trade was a 7.47% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Theodor Werner Freye sold 800 shares of Valmont Industries stock in a transaction on Monday, July 27th. The stock was sold at an average price of $495.00, for a total value of $396,000.00. Following the completion of the transaction, the director owned 2,805 shares in the company, valued at $1,388,475. The trade was a 22.19% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.42% of the stock is currently owned by corporate insiders.

Valmont Industries Stock Performance

Shares of VMI opened at $486.94 on Monday. The firm’s 50 day moving average is $524.20 and its 200-day moving average is $485.90. The stock has a market capitalization of $9.40 billion, a P/E ratio of 18.96, a P/E/G ratio of 1.11 and a beta of 1.35. 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 12-month low of $360.41 and a 12-month high of $585.71.

Valmont Industries (NYSE:VMI) last released its earnings results on Tuesday, July 21st. The industrial products company reported $6.14 EPS for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $1.09 billion. During the same period in the previous year, the firm earned $4.88 EPS. The business’s revenue for the quarter was up 6.5% on a year-over-year basis. Equities research analysts anticipate that Valmont Industries, Inc. will post 23.08 EPS for the current fiscal year.

Valmont Industries Announces Dividend

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 issued a $0.77 dividend. The ex-dividend date of this dividend is Friday, September 25th. This represents a $3.08 annualized dividend and a dividend yield of 0.6%. Valmont Industries’s dividend payout ratio is currently 11.99%.

Valmont Industries Company Profile

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.