Redwood Investment Management LLC Buys Shares of 2,027 Valmont Industries, Inc. $VMI

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

A number of other large investors have also made changes to their positions in the business. Vanguard Personalized Indexing Management LLC increased its stake in shares of Valmont Industries by 0.9% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 2,303 shares of the industrial products company’s stock valued at $927,000 after purchasing an additional 21 shares in the last quarter. Allen Capital Group LLC raised its position in shares of Valmont Industries by 2.2% during the 4th quarter. Allen Capital Group LLC now owns 1,130 shares of the industrial products company’s stock valued at $455,000 after buying an additional 24 shares during the period. Public Employees Retirement System of Ohio lifted its holdings in Valmont Industries by 0.4% in the third quarter. Public Employees Retirement System of Ohio now owns 7,565 shares of the industrial products company’s stock valued at $2,933,000 after acquiring an additional 29 shares during the last quarter. Rothschild Investment LLC lifted its holdings in Valmont Industries by 7.1% in the fourth quarter. Rothschild Investment LLC now owns 453 shares of the industrial products company’s stock valued at $182,000 after acquiring an additional 30 shares during the last quarter. Finally, Balefire LLC grew its position in Valmont Industries by 5.1% in the first quarter. Balefire LLC now owns 701 shares of the industrial products company’s stock worth $280,000 after acquiring an additional 34 shares during the period. 87.84% of the stock is owned by institutional investors and hedge funds.

Valmont Industries Trading Up 1.1%

Shares of NYSE VMI opened at $478.30 on Thursday. Valmont Industries, Inc. has a twelve month low of $360.41 and a twelve month high of $585.71. 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 fifty day simple moving average of $519.61 and a 200-day simple moving average of $486.33. The stock has a market capitalization of $9.24 billion, a PE ratio of 18.63, a PEG ratio of 1.08 and a beta of 1.35.

Valmont Industries (NYSE:VMI) last posted its earnings results on Tuesday, July 21st. The industrial products company reported $6.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.80 by $0.34. Valmont Industries had a return on equity of 25.57% and a net margin of 11.70%.The firm had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.09 billion. During the same quarter in the prior year, the company earned $4.88 EPS. Valmont Industries’s revenue was up 6.5% on a year-over-year basis. On average, equities analysts forecast that Valmont Industries, Inc. will post 23.08 earnings per share for the current year.

Valmont Industries Dividend Announcement

The firm also recently declared 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. The ex-dividend date is Friday, September 25th. This represents a $3.08 annualized dividend and a dividend yield of 0.6%. Valmont Industries’s payout ratio is 11.99%.

Analysts Set New Price Targets

A number of equities research analysts have commented on VMI shares. Weiss Ratings downgraded Valmont Industries from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, August 14th. Wall Street Zen downgraded Valmont Industries from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 8th. JPMorgan Chase & Co. boosted their price objective on shares of Valmont Industries from $600.00 to $620.00 and gave the company an “overweight” rating in a report on Wednesday, July 22nd. Oppenheimer set a $600.00 target price on shares of Valmont Industries and gave the company an “outperform” rating in a research report on Thursday, May 28th. Finally, Stifel Nicolaus increased their target price on shares of Valmont Industries from $645.00 to $678.00 and gave the stock a “buy” rating in a research note on Monday, July 20th. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $587.00.

Insider Buying and Selling at Valmont Industries

In other news, CFO John L. Schwietz acquired 208 shares of the company’s stock in a transaction on Thursday, July 23rd. The shares were bought at an average cost of $486.14 per share, with a total value of $101,117.12. Following the transaction, the chief financial officer owned 2,992 shares in the company, valued at approximately $1,454,530.88. This trade represents a 7.47% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Theodor Werner Freye sold 800 shares of the stock in a transaction 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 completion of the transaction, the director directly owned 2,805 shares in the company, valued at $1,388,475. This trade represents a 22.19% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 1.42% of the company’s stock.

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.