Insight Wealth Partners LLC Buys Shares of 1,387 Valmont Industries, Inc. $VMI

Insight Wealth Partners LLC bought a new stake in shares of Valmont Industries, Inc. (NYSE:VMI) during the second quarter, HoldingsChannel.com reports. The fund bought 1,387 shares of the industrial products company’s stock, valued at approximately $801,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Millennium Management LLC lifted its stake in shares of Valmont Industries by 225.1% during the 1st quarter. Millennium Management LLC now owns 67,630 shares of the industrial products company’s stock worth $19,300,000 after acquiring an additional 46,825 shares during the last quarter. Goldman Sachs Group Inc. grew its position in Valmont Industries by 8.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 59,127 shares of the industrial products company’s stock valued at $16,873,000 after acquiring an additional 4,676 shares during the last quarter. Empowered Funds LLC bought a new position in Valmont Industries in the 1st quarter valued at $265,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Valmont Industries by 3.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 72,511 shares of the industrial products company’s stock worth $20,692,000 after purchasing an additional 2,639 shares during the period. Finally, Geneos Wealth Management Inc. lifted its position in shares of Valmont Industries by 223.4% during the first quarter. Geneos Wealth Management Inc. now owns 152 shares of the industrial products company’s stock worth $43,000 after purchasing an additional 105 shares during the last quarter. 87.84% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Valmont Industries

In other news, 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 value of $396,000.00. Following the completion of the transaction, the director directly owned 2,805 shares of the company’s stock, valued at approximately $1,388,475. The trade was a 22.19% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO John L. Schwietz bought 208 shares of Valmont Industries stock in a transaction on Thursday, July 23rd. The stock was purchased 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 directly owned 2,992 shares of the company’s stock, valued at $1,454,530.88. This represents a 7.47% increase in their position. The disclosure for this purchase is available in the SEC filing. Company insiders own 1.42% of the company’s stock.

Valmont Industries Price Performance

Shares of VMI stock opened at $495.55 on Monday. 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 $528.35 and a two-hundred day simple moving average of $484.41. The stock has a market capitalization of $9.57 billion, a price-to-earnings ratio of 19.30, a P/E/G ratio of 1.13 and a beta of 1.35.

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

Valmont Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Friday, September 25th will be issued a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a yield of 0.6%. The ex-dividend date is Friday, September 25th. Valmont Industries’s dividend payout ratio is presently 11.99%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Weiss Ratings raised shares of Valmont Industries from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, July 30th. JPMorgan Chase & Co. raised their price target on shares of Valmont Industries from $600.00 to $620.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 22nd. Wall Street Zen lowered shares of Valmont Industries from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 8th. Oppenheimer set a $600.00 price objective on shares of Valmont Industries and gave the company an “outperform” rating in a research report on Thursday, May 28th. Finally, Zacks Research downgraded shares of Valmont Industries from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 20th. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, Valmont Industries presently has a consensus rating of “Moderate Buy” and a consensus target price of $587.00.

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.