2,983 Shares in Valmont Industries, Inc. $VMI Acquired by Sanctuary Advisors LLC

Sanctuary Advisors LLC bought a new position in shares of Valmont Industries, Inc. (NYSE:VMI) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 2,983 shares of the industrial products company’s stock, valued at approximately $1,723,000.

Other institutional investors have also modified their holdings of the company. BlackRock Inc. purchased a new stake in shares of Valmont Industries during the second quarter worth $1,141,369,000. Invesco Ltd. grew 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 worth $164,009,000 after purchasing an additional 32,382 shares in the last quarter. Geode Capital Management LLC increased its holdings in Valmont Industries by 3.5% during 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 period. Sei Investments Co. increased its holdings in Valmont Industries by 3.1% during 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 period. Finally, AQR Capital Management LLC raised its position in 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. Institutional investors and hedge funds own 87.84% of the company’s stock.

Insider Buying and Selling at Valmont Industries

In other Valmont Industries news, CFO John L. Schwietz bought 208 shares of Valmont Industries stock in a transaction on Thursday, July 23rd. The stock was bought at an average price of $486.14 per share, with a total value of $101,117.12. Following the completion of the acquisition, the chief financial officer owned 2,992 shares in the company, valued at $1,454,530.88. The trade was a 7.47% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Theodor Werner Freye sold 800 shares of the business’s stock in a transaction on 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 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. Corporate insiders own 1.42% of the company’s stock.

Valmont Industries Price Performance

Shares of NYSE:VMI opened at $478.30 on Thursday. The company has a quick ratio of 1.55, a current ratio of 2.35 and a debt-to-equity ratio of 0.42. The company has a market cap of $9.24 billion, a P/E ratio of 18.63, a PEG ratio of 1.08 and a beta of 1.35. Valmont Industries, Inc. has a 52 week low of $360.41 and a 52 week high of $585.71. The company has a 50-day moving average price of $519.61 and a 200 day moving average price of $486.33.

Valmont Industries (NYSE:VMI) last issued its earnings results on Tuesday, July 21st. The industrial products company reported $6.14 earnings per share (EPS) for the quarter, topping 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 return on equity of 25.57% and a net margin of 11.70%.The company’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same period in the prior year, the business posted $4.88 EPS. Research 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 given a $0.77 dividend. The ex-dividend date is Friday, September 25th. This represents a $3.08 annualized dividend and a yield of 0.6%. Valmont Industries’s dividend payout ratio is presently 11.99%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on VMI shares. Zacks Research downgraded Valmont Industries from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 20th. Oppenheimer set a $600.00 target price on shares of Valmont Industries and gave the company an “outperform” rating in a report on Thursday, May 28th. Stifel Nicolaus lifted their price target 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. Wall Street Zen cut shares of Valmont Industries from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 8th. Finally, Weiss Ratings downgraded shares of Valmont Industries from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, August 14th. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $587.00.

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.