Insight Wealth Partners LLC Makes New $801,000 Investment in Valmont Industries, Inc. $VMI

Insight Wealth Partners LLC acquired a new position in Valmont Industries, Inc. (NYSE:VMI) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 1,387 shares of the industrial products company’s stock, valued at approximately $801,000.

Several other institutional investors have also recently made changes to their positions in VMI. Simplicity Wealth LLC purchased a new stake in Valmont Industries during the 2nd quarter valued at approximately $446,000. Global Retirement Partners LLC purchased a new position in shares of Valmont Industries in the second quarter worth $1,127,000. Bank of New York Mellon Corp bought a new position in shares of Valmont Industries during the second quarter worth $83,723,000. Focus Partners Advisor Solutions LLC bought a new position in shares of Valmont Industries during the second quarter worth $325,000. Finally, State of Wyoming purchased a new position in Valmont Industries during the second quarter valued at $289,000. Hedge funds and other institutional investors own 87.84% of the company’s stock.

Insider Buying and Selling at Valmont Industries

In other news, CFO John L. Schwietz acquired 208 shares of the business’s stock in a transaction on Thursday, July 23rd. The shares were acquired at an average price of $486.14 per share, for a total transaction of $101,117.12. Following the completion of the transaction, the chief financial officer directly owned 2,992 shares of the company’s stock, valued at approximately $1,454,530.88. The trade was a 7.47% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Theodor Werner Freye sold 800 shares of the stock in a transaction on Monday, July 27th. The shares were sold at an average price of $495.00, for a total transaction of $396,000.00. Following the completion of the sale, the director directly owned 2,805 shares in the company, valued at approximately $1,388,475. This represents a 22.19% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 1.42% of the company’s stock.

Valmont Industries Stock Up 0.1%

Shares of NYSE VMI opened at $495.55 on Monday. The firm’s 50-day moving average price is $528.35 and its 200-day moving average price is $484.41. 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 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, Inc. has a 12-month low of $360.41 and a 12-month high of $585.71.

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

Valmont Industries Dividend Announcement

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

Analysts Set New Price Targets

A number of brokerages have issued reports on VMI. Stifel Nicolaus lifted their price target on shares of Valmont Industries from $645.00 to $678.00 and gave the company a “buy” rating in a report on Monday, July 20th. Oppenheimer set a $600.00 price objective on Valmont Industries and gave the company an “outperform” rating in a research report on Thursday, May 28th. Wall Street Zen cut Valmont Industries from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 8th. Weiss Ratings upgraded Valmont Industries from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, July 30th. Finally, Zacks Research cut Valmont Industries from a “strong-buy” rating to a “hold” rating in a report on Monday, July 20th. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Valmont Industries currently 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.