Finivi Inc. Invests $765,000 in Valmont Industries, Inc. $VMI

Finivi Inc. acquired a new position in shares of Valmont Industries, Inc. (NYSE:VMI) in the second quarter, HoldingsChannel.com reports. The institutional investor acquired 1,324 shares of the industrial products company’s stock, valued at approximately $765,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Norges Bank bought a new stake in Valmont Industries in the 4th quarter valued at approximately $99,799,000. Ninety One UK Ltd bought a new position in shares of Valmont Industries during the 4th quarter worth approximately $66,103,000. AQR Capital Management LLC grew its stake in shares of Valmont Industries by 118.8% during the 3rd quarter. AQR Capital Management LLC now owns 282,610 shares of the industrial products company’s stock worth $108,884,000 after acquiring an additional 153,418 shares in the last quarter. Qube Research & Technologies Ltd raised its holdings in shares of Valmont Industries by 179.6% in the second quarter. Qube Research & Technologies Ltd now owns 117,342 shares of the industrial products company’s stock valued at $38,320,000 after purchasing an additional 75,377 shares during the last quarter. Finally, Corient Private Wealth LLC raised its holdings in shares of Valmont Industries by 980.4% in the fourth quarter. Corient Private Wealth LLC now owns 78,040 shares of the industrial products company’s stock valued at $31,397,000 after purchasing an additional 70,817 shares during the last quarter. Institutional investors and hedge funds own 87.84% of the company’s stock.

Analyst Upgrades and Downgrades

VMI has been the subject of several recent research reports. JPMorgan Chase & Co. increased 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. Weiss Ratings upgraded shares of Valmont Industries from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, July 30th. Wall Street Zen cut shares of Valmont Industries from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Oppenheimer set a $600.00 price objective on shares of Valmont Industries and gave the stock an “outperform” rating in a research note on Thursday, May 28th. Finally, Stifel Nicolaus raised their price objective on Valmont Industries from $645.00 to $678.00 and gave the company a “buy” rating in a report on Monday, July 20th. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Valmont Industries has an average rating of “Moderate Buy” and a consensus price target of $587.00.

Valmont Industries Trading Up 0.1%

Shares of Valmont Industries stock opened at $494.14 on Monday. Valmont Industries, Inc. has a 12-month low of $360.41 and a 12-month high of $585.71. The stock has a market cap of $9.54 billion, a P/E ratio of 19.24, a P/E/G ratio of 1.13 and a beta of 1.35. 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 business’s 50 day moving average is $532.95 and its 200-day moving average is $482.59.

Valmont Industries (NYSE:VMI) last released its earnings results on Tuesday, July 21st. The industrial products company reported $6.14 earnings per share for the quarter, beating the consensus estimate of $5.80 by $0.34. Valmont Industries had a net margin of 11.70% and a return on equity of 25.57%. The business had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.09 billion. During the same period last year, the business earned $4.88 earnings per share. The firm’s revenue was up 6.5% on a year-over-year basis. Equities research analysts predict that Valmont Industries, Inc. will post 23.08 earnings per share for the current fiscal year.

Valmont Industries Dividend Announcement

The company 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 dividend on an annualized basis and a yield of 0.6%. Valmont Industries’s dividend payout ratio (DPR) is currently 11.99%.

Insider Transactions at Valmont Industries

In other news, Director Theodor Werner Freye sold 800 shares of Valmont Industries stock in a transaction dated 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 owned 2,805 shares of the company’s stock, valued at $1,388,475. This trade represents a 22.19% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO John L. Schwietz acquired 208 shares of the stock in a transaction dated Thursday, July 23rd. The shares were purchased at an average price of $486.14 per share, for a total transaction of $101,117.12. Following the completion of the purchase, the chief financial officer directly 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 SEC filing for this purchase provides additional information. Company insiders own 1.42% of the company’s stock.

Valmont Industries Company 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.