Diversify Advisory Services LLC Takes $3.38 Million Position in Valmont Industries, Inc. $VMI

Diversify Advisory Services LLC bought a new stake in Valmont Industries, Inc. (NYSE:VMI) in the 2nd quarter, according to its most recent filing with the SEC. The fund bought 6,820 shares of the industrial products company’s stock, valued at approximately $3,375,000.

A number of other hedge funds have also recently added to or reduced their stakes in VMI. Elyxium Wealth LLC purchased a new position in Valmont Industries in the fourth quarter valued at $27,000. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Valmont Industries during the 4th quarter worth about $27,000. Elevation Wealth Partners LLC boosted its stake in shares of 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 acquiring an additional 43 shares in the last quarter. Leonteq Securities AG acquired a new stake in shares of Valmont Industries during the 4th quarter valued at about $30,000. Finally, State of Wyoming acquired a new stake in shares of Valmont Industries during the 4th quarter valued at about $34,000. 87.84% of the stock is owned by hedge funds and other institutional investors.

Valmont Industries Stock Down 3.8%

NYSE VMI opened at $487.62 on Wednesday. The business has a fifty day moving average price of $526.90 and a 200 day moving average price of $485.14. Valmont Industries, Inc. has a one year low of $360.41 and a one year high of $585.71. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.55 and a current ratio of 2.35. The company has a market cap of $9.42 billion, a P/E ratio of 18.99, a P/E/G ratio of 1.13 and a beta of 1.35.

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

Valmont Industries Announces Dividend

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

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. Zacks Research cut Valmont Industries from a “strong-buy” rating to a “hold” rating in a report on Monday, July 20th. JPMorgan Chase & Co. raised their price objective 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 objective on Valmont Industries from $645.00 to $678.00 and gave the company a “buy” rating in a research report on Monday, July 20th. Oppenheimer set a $600.00 target price on Valmont Industries and gave the stock an “outperform” rating in a research note on Thursday, May 28th. Finally, Wall Street Zen downgraded Valmont Industries from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 8th. Four 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 presently has an average rating of “Moderate Buy” and an average price target of $587.00.

Insider Activity

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 value of $396,000.00. Following the completion of the sale, the director owned 2,805 shares in the company, valued at approximately $1,388,475. This represents a 22.19% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO John L. Schwietz acquired 208 shares of the business’s stock in a transaction on Thursday, July 23rd. The stock was acquired at an average price of $486.14 per share, with a total value of $101,117.12. Following the acquisition, the chief financial officer owned 2,992 shares in the company, valued at $1,454,530.88. The trade was a 7.47% increase in their position. The SEC filing for this purchase provides additional information. Company insiders own 1.42% of the company’s stock.

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.