Global Retirement Partners LLC Makes New Investment in Valmont Industries, Inc. $VMI

Global Retirement Partners LLC purchased a new stake in Valmont Industries, Inc. (NYSE:VMI) in the 2nd quarter, HoldingsChannel.com reports. The firm purchased 1,951 shares of the industrial products company’s stock, valued at approximately $1,127,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in VMI. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Valmont Industries by 6,762.8% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 8,853 shares of the industrial products company’s stock valued at $3,562,000 after buying an additional 8,724 shares in the last quarter. Congruence Capital LLC bought a new stake in Valmont Industries in the 4th quarter worth $15,011,000. Vaughan Nelson Investment Management L.P. increased its holdings in Valmont Industries by 3.7% during 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 during the period. Leuthold Group LLC increased its stake in shares of Valmont Industries by 983.7% during the fourth quarter. Leuthold Group LLC now owns 11,498 shares of the industrial products company’s stock valued at $4,626,000 after buying an additional 10,437 shares during the period. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new position in Valmont Industries in the 4th quarter worth $1,785,000. 87.84% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, CFO John L. Schwietz bought 208 shares of the business’s stock in a transaction dated Thursday, July 23rd. The shares were purchased at an average cost of $486.14 per share, with a total value of $101,117.12. Following the completion of the purchase, the chief financial officer owned 2,992 shares in the company, valued at approximately $1,454,530.88. The trade was a 7.47% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Theodor Werner Freye sold 800 shares of the firm’s 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 transaction, the director owned 2,805 shares of the company’s stock, valued at $1,388,475. The trade was a 22.19% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.42% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

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

Valmont Industries Price Performance

Shares of VMI opened at $507.26 on Tuesday. The stock has a market cap of $9.80 billion, a PE ratio of 19.75, a price-to-earnings-growth ratio of 1.13 and a beta of 1.35. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.55 and a current ratio of 2.35. Valmont Industries, Inc. has a fifty-two week low of $360.41 and a fifty-two week high of $585.71. The firm’s 50-day simple moving average is $527.79 and its two-hundred day simple moving average is $484.84.

Valmont Industries (NYSE:VMI) last released its earnings results on Tuesday, July 21st. The industrial products company reported $6.14 earnings per share (EPS) 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 firm had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.09 billion. During the same period last year, the business earned $4.88 earnings per share. The business’s revenue was up 6.5% on a year-over-year basis. Analysts anticipate that Valmont Industries, Inc. will post 23.08 earnings per share for the current fiscal year.

Valmont Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Friday, September 25th will be given a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend is Friday, September 25th. Valmont Industries’s dividend payout ratio (DPR) 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.