Insight Wealth Partners LLC Makes New Investment in Valmont Industries, Inc. $VMI

Insight Wealth Partners LLC acquired a new stake in Valmont Industries, Inc. (NYSE:VMI) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 1,387 shares of the industrial products company’s stock, valued at approximately $801,000.

A number of other hedge funds have also recently made changes to their positions in the business. Elyxium Wealth LLC acquired a new stake in shares of Valmont Industries in the 4th quarter worth about $27,000. Caitong International Asset Management Co. Ltd acquired a new position in Valmont Industries during the 4th quarter valued at about $27,000. Northwestern Mutual Wealth Management Co. acquired a new position in Valmont Industries during the 2nd quarter valued at about $28,000. Leonteq Securities AG bought a new stake in Valmont Industries during the 4th quarter worth approximately $30,000. Finally, State of Wyoming bought a new stake in Valmont Industries during the 4th quarter worth approximately $34,000. 87.84% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

VMI has been the topic of a number of recent research reports. Zacks Research lowered Valmont Industries from a “strong-buy” rating to a “hold” rating in a report on Monday, July 20th. Wall Street Zen downgraded Valmont Industries from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 8th. Oppenheimer set a $600.00 price target on Valmont Industries and gave the company an “outperform” rating in a research report on Thursday, May 28th. 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 research note on Wednesday, July 22nd. Finally, Weiss Ratings raised shares of Valmont Industries from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, August 31st. Four investment analysts have rated the stock with a Buy rating and two have issued 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 target price of $587.00.

Valmont Industries Price Performance

Valmont Industries stock opened at $484.36 on Wednesday. Valmont Industries, Inc. has a 52 week low of $361.50 and a 52 week high of $585.71. The company’s 50 day moving average price is $501.97 and its two-hundred day moving average price is $486.74. The stock has a market cap of $9.35 billion, a P/E ratio of 18.86, a P/E/G ratio of 1.10 and a beta of 1.34. The company has a quick ratio of 1.55, a current ratio of 2.35 and a debt-to-equity ratio of 0.42.

Valmont Industries (NYSE:VMI) last released its earnings results on Tuesday, July 21st. The industrial products company reported $6.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.80 by $0.34. The company had revenue of $1.12 billion during 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 period in the prior year, the company posted $4.88 earnings per share. On average, equities analysts predict that Valmont Industries, Inc. will post 23.08 earnings per share for the current year.

Valmont Industries Dividend Announcement

The firm 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 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date is Friday, September 25th. Valmont Industries’s dividend payout ratio is 11.99%.

Insiders Place Their Bets

In other Valmont Industries news, CFO John Schwietz bought 208 shares of the firm’s stock in a transaction dated Thursday, July 23rd. The stock was purchased at an average cost of $486.14 per share, with a total value of $101,117.12. Following the transaction, the chief financial officer directly owned 2,992 shares in the company, valued at $1,454,530.88. This trade represents a 7.47% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Theodor Freye sold 800 shares of Valmont Industries stock in a transaction 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 sale, the director owned 2,805 shares in the company, valued at $1,388,475. The trade was a 22.19% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.42% of the stock is owned by corporate insiders.

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.