Tidal Investments LLC Raises Stock Holdings in Valmont Industries, Inc. $VMI

Tidal Investments LLC boosted its position in Valmont Industries, Inc. (NYSE:VMI) by 33.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 34,510 shares of the industrial products company’s stock after purchasing an additional 8,670 shares during the quarter. Tidal Investments LLC’s holdings in Valmont Industries were worth $19,933,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Parkside Financial Bank & Trust grew its position in shares of Valmont Industries by 6.4% in the 2nd quarter. Parkside Financial Bank & Trust now owns 349 shares of the industrial products company’s stock worth $202,000 after buying an additional 21 shares during the period. Vanguard Personalized Indexing Management LLC lifted its position in Valmont Industries by 0.9% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 2,303 shares of the industrial products company’s stock valued at $927,000 after acquiring an additional 21 shares during the period. Allen Capital Group LLC boosted its stake in Valmont Industries by 2.2% during the fourth quarter. Allen Capital Group LLC now owns 1,130 shares of the industrial products company’s stock worth $455,000 after acquiring an additional 24 shares in the last quarter. Public Employees Retirement System of Ohio boosted its stake in Valmont Industries by 0.4% during the third quarter. Public Employees Retirement System of Ohio now owns 7,565 shares of the industrial products company’s stock worth $2,933,000 after acquiring an additional 29 shares in the last quarter. Finally, Rothschild Investment LLC grew its holdings in Valmont Industries by 7.1% in the fourth quarter. Rothschild Investment LLC now owns 453 shares of the industrial products company’s stock worth $182,000 after purchasing an additional 30 shares during the period. Hedge funds and other institutional investors own 87.84% of the company’s stock.

Insiders Place Their Bets

In related news, Director Theodor 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 sale, the director directly owned 2,805 shares of the company’s stock, valued at $1,388,475. This trade represents a 22.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO John Schwietz acquired 208 shares of Valmont Industries stock in a transaction that occurred on Thursday, July 23rd. The stock was acquired at an average price of $486.14 per share, with a total value of $101,117.12. Following the completion of the acquisition, the chief financial officer directly owned 2,992 shares in the company, valued at $1,454,530.88. This 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.

Valmont Industries Stock Down 0.8%

NYSE:VMI opened at $476.80 on Friday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.55 and a current ratio of 2.35. The firm has a market cap of $9.21 billion, a P/E ratio of 18.57, a P/E/G ratio of 1.10 and a beta of 1.34. Valmont Industries, Inc. has a fifty-two week low of $361.50 and a fifty-two week high of $585.71. The firm has a 50-day simple moving average of $498.84 and a two-hundred day simple moving average of $486.91.

Valmont Industries (NYSE:VMI) last issued its earnings results 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 firm had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter in the prior year, the firm posted $4.88 earnings per share. The business’s revenue was up 6.5% on a year-over-year basis. 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. 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 dividend payout ratio (DPR) is currently 11.99%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on VMI shares. Zacks Research lowered shares of Valmont Industries from a “strong-buy” rating to a “hold” rating in a report on Monday, July 20th. JPMorgan Chase & Co. upped their price target on Valmont Industries from $600.00 to $620.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 22nd. Weiss Ratings raised Valmont Industries from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, August 31st. Stifel Nicolaus lifted their price objective on Valmont Industries from $645.00 to $678.00 and gave the company a “buy” rating in a research note on Monday, July 20th. Finally, Oppenheimer set a $600.00 target price on Valmont Industries and gave the stock an “outperform” rating in a report on Thursday, May 28th. 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.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $587.00.

About Valmont Industries

Valmont Industries, Inc is a global manufacturer of engineered products and services serving the infrastructure and agricultural markets. Founded in 1946 and headquartered in Omaha, Nebraska, the company operates through its Infrastructure and Agriculture segments.

Valmont’s Infrastructure segment provides utility and substation structures, engineered poles, lighting and traffic structures, wireless communication infrastructure, transportation products, and protective coatings for steel and other materials.