Theodor Werner Freye Sells 800 Shares of Valmont Industries (NYSE:VMI) Stock

Valmont Industries, Inc. (NYSE:VMI) Director Theodor Werner Freye sold 800 shares of the company’s stock in a transaction on Monday, July 27th. The shares were sold at an average price of $495.00, for a total value of $396,000.00. Following the completion of the transaction, the director owned 2,805 shares of the company’s stock, valued at $1,388,475. This trade represents a 22.19% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Valmont Industries Trading Up 4.6%

NYSE VMI opened at $477.14 on Friday. The stock has a market capitalization of $9.26 billion, a price-to-earnings ratio of 18.58, a PEG ratio of 1.05 and a beta of 1.33. Valmont Industries, Inc. has a one year low of $353.41 and a one year high of $585.71. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.35 and a quick ratio of 1.55. The business’s fifty day moving average is $536.27 and its 200-day moving average is $480.25.

Valmont Industries (NYSE:VMI) last issued its quarterly earnings results on Tuesday, July 21st. The industrial products company reported $6.14 earnings per share for the quarter, topping analysts’ consensus estimates of $5.80 by $0.34. The company had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.09 billion. Valmont Industries had a net margin of 11.70% and a return on equity of 25.57%. The firm’s quarterly revenue was up 6.5% on a year-over-year basis. During the same period in the previous year, the firm earned $4.88 EPS. Equities research analysts predict that Valmont Industries, Inc. will post 22.96 EPS for the current year.

Valmont Industries Dividend Announcement

The business 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 $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date is Friday, September 25th. Valmont Industries’s payout ratio is presently 11.99%.

Analyst Ratings Changes

VMI has been the subject of several research analyst reports. Weiss Ratings upgraded shares of Valmont Industries from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, June 26th. Oppenheimer set a $600.00 price objective on Valmont Industries and gave the company an “outperform” rating in a report on Thursday, May 28th. JPMorgan Chase & Co. raised their target price on Valmont Industries from $600.00 to $620.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 22nd. Zacks Research lowered Valmont Industries from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 20th. Finally, Wall Street Zen raised Valmont Industries from a “buy” rating to a “strong-buy” rating in a research report on Saturday, July 18th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, Valmont Industries has a consensus rating of “Moderate Buy” and an average price target of $587.00.

Institutional Trading of Valmont Industries

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

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.