Theodor Werner Freye Sells 800 Shares of Valmont Industries (NYSE:VMI) Stock

Valmont Industries, Inc. (NYSE:VMI) Director Theodor Werner Freye sold 800 shares of the firm’s stock in a transaction dated Monday, July 27th. The stock was sold at an average price of $495.00, for a total value of $396,000.00. Following the sale, the director directly owned 2,805 shares of the company’s stock, valued at $1,388,475. This trade represents a 22.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Valmont Industries Stock Down 3.3%

Shares of Valmont Industries stock opened at $478.68 on Wednesday. The firm has a market cap of $9.29 billion, a price-to-earnings ratio of 18.64, a P/E/G ratio of 1.13 and a beta of 1.33. The stock has a 50-day simple moving average of $537.78 and a 200-day simple moving average of $479.62. Valmont Industries, Inc. has a 52-week low of $353.41 and a 52-week high of $585.71. 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 (NYSE:VMI) last released its quarterly earnings data 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. The firm had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.09 billion. Valmont Industries had a return on equity of 25.57% and a net margin of 11.70%.The firm’s revenue was up 6.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $4.88 earnings per share. On average, equities research analysts expect that Valmont Industries, Inc. will post 22.96 earnings per share for the current fiscal year.

Valmont Industries Dividend Announcement

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

Analyst Ratings Changes

VMI has been the topic of a number of recent research reports. Wall Street Zen upgraded shares of Valmont Industries from a “buy” rating to a “strong-buy” rating in a report on Saturday, July 18th. Oppenheimer set a $600.00 target price on shares of Valmont Industries and gave the stock an “outperform” rating in a research report on Thursday, May 28th. JPMorgan Chase & Co. raised their target price on Valmont Industries from $600.00 to $620.00 and gave the company an “overweight” rating in a report on Wednesday, July 22nd. Stifel Nicolaus boosted their price target on Valmont Industries from $645.00 to $678.00 and gave the stock a “buy” rating in a research report on Monday, July 20th. Finally, Zacks Research downgraded Valmont Industries from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 20th. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $587.00.

Institutional Trading of Valmont Industries

A number of institutional investors and hedge funds have recently modified their holdings of the company. Finivi Inc. bought a new stake in shares of Valmont Industries during the 2nd quarter worth $765,000. Trust Point Inc. bought a new position in Valmont Industries in the 2nd quarter worth $204,000. Elevation Wealth Partners LLC raised its holdings in Valmont Industries by 179.2% in the 2nd quarter. Elevation Wealth Partners LLC now owns 67 shares of the industrial products company’s stock worth $39,000 after acquiring an additional 43 shares during the period. 55 North Private Wealth LLC acquired a new position in Valmont Industries during the 2nd quarter worth $219,000. Finally, GAMMA Investing LLC grew its position in shares of Valmont Industries by 13.8% in the second quarter. GAMMA Investing LLC now owns 346 shares of the industrial products company’s stock valued at $200,000 after purchasing an additional 42 shares during the last quarter. 87.84% of the stock is currently owned by institutional investors and hedge funds.

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.