Sanctuary Advisors LLC Invests $1.72 Million in Valmont Industries, Inc. $VMI

Sanctuary Advisors LLC purchased a new stake in Valmont Industries, Inc. (NYSE:VMI) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,983 shares of the industrial products company’s stock, valued at approximately $1,723,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. acquired a new position in Valmont Industries during the second quarter worth $28,000. Elyxium Wealth LLC acquired a new stake in shares of Valmont Industries in the 4th quarter worth $27,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Valmont Industries in the 4th quarter worth $27,000. Elevation Wealth Partners LLC raised its holdings in shares of Valmont Industries by 179.2% during the 2nd quarter. Elevation Wealth Partners LLC now owns 67 shares of the industrial products company’s stock worth $39,000 after acquiring an additional 43 shares during the period. Finally, Leonteq Securities AG purchased a new position in shares of Valmont Industries during the 4th quarter worth $30,000. Institutional investors and hedge funds own 87.84% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on VMI. 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 target price on shares of Valmont Industries and gave the company an “outperform” rating in a report on Thursday, May 28th. 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 report on Wednesday, July 22nd. 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 research report on Monday, July 20th. Finally, Weiss Ratings cut Valmont Industries from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, August 14th. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $587.00.

Insider Buying and Selling

In other news, CFO John L. Schwietz purchased 208 shares of the firm’s stock in a transaction on Thursday, July 23rd. The shares were bought at an average cost of $486.14 per share, for a total transaction of $101,117.12. Following the completion of the purchase, the chief financial officer directly owned 2,992 shares of the company’s stock, valued at approximately $1,454,530.88. This trade represents a 7.47% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Theodor Werner Freye sold 800 shares of the firm’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 transaction, the director owned 2,805 shares of the company’s stock, valued at approximately $1,388,475. This represents a 22.19% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.42% of the stock is owned by insiders.

Valmont Industries Trading Up 1.1%

Shares of VMI stock opened at $478.30 on Thursday. Valmont Industries, Inc. has a 1-year low of $360.41 and a 1-year high of $585.71. The firm has a market cap of $9.24 billion, a PE ratio of 18.63, a price-to-earnings-growth ratio of 1.08 and a beta of 1.35. The company has a 50-day moving average of $519.61 and a two-hundred day moving average of $486.33. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.35 and a quick ratio of 1.55.

Valmont Industries (NYSE:VMI) last released 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 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 period in the previous year, the firm earned $4.88 EPS. The business’s revenue was up 6.5% on a year-over-year basis. On average, analysts predict that Valmont Industries, Inc. will post 23.08 EPS for the current year.

Valmont Industries Dividend Announcement

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