First National Bank of Omaha Buys Shares of 2,330 Valmont Industries, Inc. $VMI

First National Bank of Omaha purchased a new position in Valmont Industries, Inc. (NYSE:VMI) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 2,330 shares of the industrial products company’s stock, valued at approximately $1,346,000.

A number of other large investors have also made changes to their positions in VMI. Elyxium Wealth LLC purchased a new stake in shares of Valmont Industries during the 4th quarter valued at $27,000. Caitong International Asset Management Co. Ltd purchased a new position in Valmont Industries during the 4th quarter worth $27,000. Leonteq Securities AG acquired a new position in Valmont Industries during the 4th quarter valued at about $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 stake in Valmont Industries in the first quarter valued at about $37,000. 87.84% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on VMI shares. Stifel Nicolaus raised their price target on 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 price objective on shares of Valmont Industries and gave the company an “outperform” rating in a research report on Thursday, May 28th. Wall Street Zen downgraded shares of Valmont Industries from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 8th. JPMorgan Chase & Co. upped their price target on shares of Valmont Industries from $600.00 to $620.00 and gave the company an “overweight” rating in a research note on Wednesday, July 22nd. Finally, Weiss Ratings downgraded shares of Valmont Industries from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, August 14th. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, Valmont Industries presently has an average rating of “Moderate Buy” and a consensus price target of $587.00.

Valmont Industries Trading Down 0.8%

Shares of NYSE:VMI opened at $483.43 on Thursday. The company has a quick ratio of 1.55, a current ratio of 2.35 and a debt-to-equity ratio of 0.42. Valmont Industries, Inc. has a 52-week low of $360.41 and a 52-week high of $585.71. The stock has a market cap of $9.34 billion, a price-to-earnings ratio of 18.83, a PEG ratio of 1.11 and a beta of 1.35. The business has a 50-day moving average price of $526.30 and a 200-day moving average price of $485.40.

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

Valmont Industries Announces Dividend

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

Insider Buying and Selling at Valmont Industries

In other Valmont Industries news, CFO John L. Schwietz acquired 208 shares of the company’s stock in a transaction dated Thursday, July 23rd. The shares were acquired at an average cost of $486.14 per share, with a total value of $101,117.12. Following the acquisition, 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 ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Theodor Werner Freye sold 800 shares of the stock in a transaction 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. The trade was a 22.19% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.42% of the stock is owned by corporate insiders.

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.