Quantbot Technologies LP Invests $911,000 in Valmont Industries, Inc. $VMI

Quantbot Technologies LP bought a new stake in shares of Valmont Industries, Inc. (NYSE:VMI) during the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 1,578 shares of the industrial products company’s stock, valued at approximately $911,000.

Other institutional investors have also recently made changes to their positions in the company. De Lisle Partners LLP purchased a new position in Valmont Industries in the second quarter worth about $13,180,000. Landscape Capital Management L.L.C. purchased a new stake in Valmont Industries during the second quarter valued at approximately $1,153,000. EP Wealth Advisors LLC bought a new stake in shares of Valmont Industries in the 2nd quarter valued at approximately $980,000. Ieq Capital LLC purchased a new position in shares of Valmont Industries in the 2nd quarter worth approximately $9,522,000. Finally, Callan Family Office LLC purchased a new position in shares of Valmont Industries in the 2nd quarter worth approximately $2,483,000. Institutional investors own 87.84% of the company’s stock.

Valmont Industries Trading Up 1.1%

NYSE VMI opened at $478.30 on Thursday. The stock has a market cap of $9.24 billion, a PE ratio of 18.63, a PEG 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. The company’s 50-day moving average price is $519.61 and its 200-day moving average price is $486.33. 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 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. The company had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.09 billion. Valmont Industries had a net margin of 11.70% and a return on equity of 25.57%. The firm’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same quarter last year, the business posted $4.88 EPS. Equities research analysts forecast that Valmont Industries, Inc. will post 23.08 earnings per share for the current year.

Valmont Industries Announces Dividend

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. 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 payout ratio is currently 11.99%.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Oppenheimer set a $600.00 price target on Valmont Industries and gave the company an “outperform” rating in a report on Thursday, May 28th. Stifel Nicolaus boosted their price objective on shares of Valmont Industries from $645.00 to $678.00 and gave the company a “buy” rating in a research report on Monday, July 20th. Weiss Ratings downgraded shares of Valmont Industries from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, August 14th. JPMorgan Chase & Co. raised their target price on shares of Valmont Industries from $600.00 to $620.00 and gave the stock an “overweight” rating in a report on Wednesday, July 22nd. Finally, Zacks Research cut shares of Valmont Industries from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 20th. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $587.00.

Insider Buying and Selling

In other news, CFO John L. Schwietz purchased 208 shares of the stock in a transaction that occurred on Thursday, July 23rd. The stock was purchased at an average price of $486.14 per share, for a total transaction of $101,117.12. Following the completion of the acquisition, 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. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Theodor Werner Freye sold 800 shares of the firm’s 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 transaction, 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. Additional details regarding this sale are available in the official SEC disclosure. 1.42% of the stock is currently owned by insiders.

About Valmont Industries

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.