Valmont Industries (NYSE:VMI) CFO John Schwietz Purchases 208 Shares

Valmont Industries, Inc. (NYSE:VMI) CFO John Schwietz bought 208 shares of the stock in a transaction on Thursday, July 23rd. The stock was acquired at an average cost of $486.14 per share, for a total transaction of $101,117.12. Following the acquisition, the chief financial officer directly owned 2,992 shares in the company, valued at approximately $1,454,530.88. The trade was a 7.47% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Valmont Industries Stock Down 3.3%

Shares of VMI stock opened at $478.68 on Wednesday. Valmont Industries, Inc. has a 12 month low of $353.41 and a 12 month high of $585.71. 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 firm has a market cap of $9.29 billion, a PE ratio of 18.64, a price-to-earnings-growth ratio of 1.13 and a beta of 1.33. The stock has a 50 day moving average of $537.78 and a 200-day moving average of $479.62.

Valmont Industries (NYSE:VMI) last announced its quarterly earnings data on Tuesday, July 21st. The industrial products company reported $6.14 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter last year, the company posted $4.88 earnings per share. Valmont Industries’s quarterly revenue was up 6.5% on a year-over-year basis. On average, equities analysts predict that Valmont Industries, Inc. will post 22.96 EPS for the current year.

Valmont Industries Dividend Announcement

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

Institutional Investors Weigh In On Valmont Industries

Several institutional investors have recently modified their holdings of the business. Finivi Inc. acquired a new position in Valmont Industries during the second quarter valued at approximately $765,000. Trust Point Inc. bought a new stake in Valmont Industries in the second quarter valued at approximately $204,000. Elevation Wealth Partners LLC raised its holdings in Valmont Industries by 179.2% in the second quarter. Elevation Wealth Partners LLC now owns 67 shares of the industrial products company’s stock worth $39,000 after purchasing an additional 43 shares during the period. 55 North Private Wealth LLC acquired a new stake in Valmont Industries in the second quarter worth $219,000. Finally, GAMMA Investing LLC increased its position in shares of Valmont Industries by 13.8% in the 2nd quarter. GAMMA Investing LLC now owns 346 shares of the industrial products company’s stock valued at $200,000 after buying an additional 42 shares in the last quarter. Institutional investors and hedge funds own 87.84% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Zacks Research cut shares of Valmont Industries from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 20th. Stifel Nicolaus raised their price objective on shares of Valmont Industries from $645.00 to $678.00 and gave the stock a “buy” rating in a 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 research note on Thursday, May 28th. JPMorgan Chase & Co. boosted their target price on Valmont Industries from $600.00 to $620.00 and gave the stock an “overweight” rating in a report on Wednesday, July 22nd. Finally, Weiss Ratings upgraded Valmont Industries from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, June 26th. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus 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.