9,577 Shares in Valmont Industries, Inc. $VMI Acquired by EFG International AG

EFG International AG bought a new position in Valmont Industries, Inc. (NYSE:VMI) in the second quarter, according to the company in its most recent disclosure with the SEC. The fund bought 9,577 shares of the industrial products company’s stock, valued at approximately $5,536,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Elyxium Wealth LLC purchased a new stake in Valmont Industries during the fourth quarter valued at $27,000. Caitong International Asset Management Co. Ltd purchased a new position in Valmont Industries in the fourth quarter worth about $27,000. Northwestern Mutual Wealth Management Co. purchased a new position in Valmont Industries in the second quarter worth about $28,000. Leonteq Securities AG bought a new stake in shares of Valmont Industries during the 4th quarter valued at about $30,000. Finally, State of Wyoming purchased a new stake in shares of Valmont Industries during the 4th quarter valued at about $34,000. 87.84% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Insider Buying and Selling at Valmont Industries

In other Valmont Industries news, 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 transaction 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO John L. Schwietz acquired 208 shares of the stock in a transaction dated Thursday, July 23rd. The stock was acquired at an average price of $486.14 per share, for a total transaction of $101,117.12. Following the completion of the transaction, the chief financial officer directly owned 2,992 shares of the company’s stock, valued at approximately $1,454,530.88. This represents a 7.47% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 1.42% of the company’s stock.

Valmont Industries Price Performance

NYSE VMI opened at $473.67 on Wednesday. Valmont Industries, Inc. has a 12 month low of $360.41 and a 12 month high of $585.71. The stock has a market cap of $9.15 billion, a price-to-earnings ratio of 18.45, a PEG ratio of 1.10 and a beta of 1.35. The company’s 50 day moving average is $521.39 and its two-hundred day moving average is $486.20. The company has a current ratio of 2.35, a quick ratio of 1.55 and a debt-to-equity ratio of 0.42.

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

Valmont Industries Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Friday, September 25th will be paid a dividend of $0.77 per share. The ex-dividend date is Friday, September 25th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 0.7%. Valmont Industries’s payout ratio is 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.