Redwood Investment Management LLC Makes New $1.17 Million Investment in Valmont Industries, Inc. $VMI

Redwood Investment Management LLC bought a new stake in Valmont Industries, Inc. (NYSE:VMI) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 2,027 shares of the industrial products company’s stock, valued at approximately $1,171,000.

A number of other large investors have also recently bought and sold shares of VMI. Proficio Capital Partners LLC purchased a new position in Valmont Industries during the 2nd quarter worth $268,000. Corient Private Wealth LP acquired a new stake in shares of Valmont Industries during the second quarter worth about $15,723,000. Bank of America Corp DE acquired a new stake in shares of Valmont Industries during the second quarter worth about $175,408,000. Caisse de depot et placement du Quebec purchased a new position in shares of Valmont Industries during the second quarter worth about $22,462,000. Finally, Man Group plc purchased a new position in shares of Valmont Industries during the second quarter worth about $598,000. Institutional investors and hedge funds own 87.84% of the company’s stock.

Valmont Industries Stock Performance

Shares of VMI stock opened at $478.30 on Thursday. 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 stock has a 50 day simple moving average of $519.61 and a 200-day simple moving average of $486.33. The company has a market cap of $9.24 billion, a price-to-earnings ratio of 18.63, a price-to-earnings-growth ratio of 1.08 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.

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, topping analysts’ consensus estimates of $5.80 by $0.34. The firm had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.09 billion. Valmont Industries had a return on equity of 25.57% and a net margin of 11.70%.Valmont Industries’s quarterly 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 analysts forecast that Valmont Industries, Inc. will post 23.08 EPS for the current year.

Valmont Industries Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research firms have commented on VMI. Weiss Ratings downgraded Valmont Industries from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, August 14th. Zacks Research downgraded Valmont Industries from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 20th. Wall Street Zen lowered Valmont Industries from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 8th. Stifel Nicolaus upped their price target on Valmont Industries from $645.00 to $678.00 and gave the stock a “buy” rating in a research note on Monday, July 20th. Finally, Oppenheimer set a $600.00 price target on Valmont Industries and gave the stock an “outperform” rating in a report on Thursday, May 28th. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $587.00.

Insider Transactions at Valmont Industries

In related news, CFO John L. Schwietz bought 208 shares of the stock in a transaction on Thursday, July 23rd. The shares were bought at an average cost of $486.14 per share, for a total transaction 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. This represents a 7.47% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Theodor Werner Freye sold 800 shares of the company’s stock in a transaction that occurred 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 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. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 1.42% of the company’s stock.

Valmont Industries 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.