Deutsche Bank AG Makes New $2.64 Million Investment in Valmont Industries, Inc. $VMI

Deutsche Bank AG purchased a new position in Valmont Industries, Inc. (NYSE:VMI) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 4,569 shares of the industrial products company’s stock, valued at approximately $2,639,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Elyxium Wealth LLC purchased a new position in Valmont Industries during the 4th quarter valued at $27,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of Valmont Industries in the 4th quarter valued at about $27,000. Leonteq Securities AG purchased a new position in Valmont Industries in the fourth quarter worth $30,000. State of Wyoming acquired a new position in Valmont Industries during the 4th quarter valued at about $34,000. Finally, V Square Quantitative Management LLC purchased a new position in shares of Valmont Industries in the 1st quarter valued at approximately $37,000. 87.84% of the stock is currently owned by institutional investors.

Valmont Industries Stock Up 0.7%

Shares of NYSE:VMI opened at $480.48 on Friday. 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 moving average price is $517.79 and its 200 day moving average price is $486.37. 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 stock has a market cap of $9.28 billion, a price-to-earnings ratio of 18.71, a price-to-earnings-growth ratio of 1.09 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 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $1.09 billion. During the same period in the prior year, the company posted $4.88 earnings per share. The firm’s quarterly revenue was up 6.5% compared to the same quarter last year. As a group, equities research analysts predict that Valmont Industries, Inc. will post 23.08 earnings per share 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. Stockholders of record on Friday, September 25th will be paid a dividend of $0.77 per share. 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 dividend payout ratio is 11.99%.

Insider Buying and Selling

In other news, Director Theodor Werner Freye sold 800 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the director owned 2,805 shares in the company, valued at $1,388,475. This represents a 22.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO John L. Schwietz bought 208 shares of Valmont Industries stock in a transaction dated 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 purchase, the chief financial officer directly 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 disclosure for this purchase is available in the SEC filing. 1.42% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have commented on VMI. Oppenheimer set a $600.00 price objective on shares of Valmont Industries and gave the company an “outperform” rating in a research note on Thursday, May 28th. Zacks Research cut shares of Valmont Industries from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 20th. Wall Street Zen lowered Valmont Industries from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 8th. Weiss Ratings cut Valmont Industries from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, August 14th. Finally, JPMorgan Chase & Co. lifted their target price 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. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target 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.