Valmont Industries, Inc. $VMI Shares Sold by Oliver Luxxe Assets LLC

Oliver Luxxe Assets LLC decreased its position in shares of Valmont Industries, Inc. (NYSE:VMI) by 38.5% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 4,832 shares of the industrial products company’s stock after selling 3,026 shares during the quarter. Oliver Luxxe Assets LLC’s holdings in Valmont Industries were worth $2,791,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Elyxium Wealth LLC purchased a new stake in shares of Valmont Industries in the 4th quarter valued at about $27,000. Caitong International Asset Management Co. Ltd purchased a new position in Valmont Industries during the 4th quarter worth approximately $27,000. Elevation Wealth Partners LLC grew its stake in Valmont Industries by 179.2% during the 2nd 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 last quarter. Leonteq Securities AG acquired a new position in Valmont Industries during the fourth quarter worth approximately $30,000. Finally, State of Wyoming acquired a new position in Valmont Industries during the fourth quarter worth approximately $34,000. Institutional investors and hedge funds own 87.84% of the company’s stock.

Insiders Place Their Bets

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

Analyst Ratings Changes

VMI has been the subject of several research analyst reports. Zacks Research downgraded Valmont Industries from a “strong-buy” rating to a “hold” rating in a report on Monday, July 20th. Weiss Ratings upgraded shares of Valmont Industries from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, July 30th. Stifel Nicolaus increased their price target 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 downgraded shares of Valmont Industries from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Finally, Oppenheimer set a $600.00 target price on shares of Valmont Industries and gave the company an “outperform” rating in a report on Thursday, May 28th. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Valmont Industries currently has a consensus rating of “Moderate Buy” and a consensus price target of $587.00.

Valmont Industries Trading Up 0.5%

Shares of VMI stock opened at $494.14 on Friday. The company has a market capitalization of $9.54 billion, a P/E ratio of 19.24, a price-to-earnings-growth ratio of 1.13 and a beta of 1.35. The company has a current ratio of 2.35, a quick ratio of 1.55 and a debt-to-equity ratio of 0.42. The business’s 50 day moving average is $532.95 and its two-hundred day moving average is $482.32. Valmont Industries, Inc. has a twelve month low of $360.41 and a twelve month high of $585.71.

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

Valmont Industries Dividend Announcement

The company also recently disclosed 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. 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%.

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.