Valmont Industries, Inc. $VMI Shares Sold by NewEdge Advisors LLC

NewEdge Advisors LLC lessened its stake in Valmont Industries, Inc. (NYSE:VMI) by 59.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 822 shares of the industrial products company’s stock after selling 1,206 shares during the period. NewEdge Advisors LLC’s holdings in Valmont Industries were worth $329,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Invesco Ltd. boosted its stake in Valmont Industries by 8.3% during the 3rd quarter. Invesco Ltd. now owns 422,997 shares of the industrial products company’s stock valued at $164,009,000 after acquiring an additional 32,382 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Valmont Industries by 3.5% in the 4th quarter. Geode Capital Management LLC now owns 369,059 shares of the industrial products company’s stock worth $148,509,000 after purchasing an additional 12,480 shares during the last quarter. Sei Investments Co. increased its position in shares of Valmont Industries by 3.1% in the 3rd quarter. Sei Investments Co. now owns 290,948 shares of the industrial products company’s stock worth $112,809,000 after purchasing an additional 8,715 shares during the last quarter. AQR Capital Management LLC raised its stake in shares of Valmont Industries by 118.8% in the 3rd quarter. AQR Capital Management LLC now owns 282,610 shares of the industrial products company’s stock valued at $108,884,000 after purchasing an additional 153,418 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. raised its stake in shares of Valmont Industries by 3.7% in the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 252,605 shares of the industrial products company’s stock valued at $100,933,000 after purchasing an additional 9,130 shares in the last quarter. 87.84% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Valmont Industries

In related news, CFO John L. Schwietz acquired 208 shares of Valmont Industries stock in a transaction that occurred on 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 transaction, the chief financial officer directly owned 2,992 shares of the company’s stock, valued at $1,454,530.88. This trade represents a 7.47% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Theodor Werner Freye sold 800 shares of the business’s stock in a transaction that occurred on Monday, July 27th. The shares were 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 of the company’s stock, valued at $1,388,475. This represents a 22.19% decrease in their position. The SEC filing for this sale provides additional information. 1.42% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

VMI has been the subject of a number of research reports. Weiss Ratings downgraded Valmont Industries from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, August 14th. Stifel Nicolaus upped their price objective on Valmont Industries from $645.00 to $678.00 and gave the company a “buy” rating in a research note on Monday, July 20th. Zacks Research downgraded Valmont Industries from a “strong-buy” rating to a “hold” rating in a 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 report on Thursday, May 28th. Finally, Wall Street Zen downgraded Valmont Industries from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 8th. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, Valmont Industries currently has a consensus rating of “Moderate Buy” and a consensus target price of $587.00.

Valmont Industries Trading Up 0.2%

NYSE VMI opened at $486.94 on Monday. Valmont Industries, Inc. has a one year low of $360.41 and a one year high of $585.71. The company has a 50-day simple moving average of $524.20 and a 200-day simple moving average of $485.90. 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 firm has a market capitalization of $9.40 billion, a PE ratio of 18.96, a price-to-earnings-growth ratio of 1.11 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. The business had revenue of $1.12 billion during 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% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $4.88 EPS. On average, equities 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 announced a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Friday, September 25th will be issued a dividend of $0.77 per share. The ex-dividend date of this dividend is Friday, September 25th. This represents a $3.08 annualized dividend and a dividend yield of 0.6%. Valmont Industries’s dividend payout ratio is 11.99%.

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.