Valmont Industries (NYSE:VMI) CFO Buys $101,117.12 in Stock

Valmont Industries, Inc. (NYSE:VMI) CFO John Schwietz acquired 208 shares of the firm’s stock in a transaction on Thursday, July 23rd. The stock was purchased at an average price of $486.14 per share, for a total transaction of $101,117.12. Following the transaction, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Valmont Industries Stock Performance

Valmont Industries stock opened at $477.14 on Friday. 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 firm has a 50-day moving average of $536.27 and a 200-day moving average of $480.25. The firm has a market cap of $9.26 billion, a P/E ratio of 18.58, a P/E/G ratio of 1.05 and a beta of 1.33. Valmont Industries, Inc. has a 1-year low of $353.41 and a 1-year high of $585.71.

Valmont Industries (NYSE:VMI) last announced 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. The company had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.09 billion. Valmont Industries had a return on equity of 25.57% and a net margin of 11.70%.Valmont Industries’s revenue was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $4.88 EPS. Sell-side analysts expect that Valmont Industries, Inc. will post 22.96 EPS for the current year.

Valmont Industries Dividend Announcement

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

Analyst Ratings Changes

Several analysts recently weighed in on VMI shares. Oppenheimer set a $600.00 price target on shares of Valmont Industries and gave the company an “outperform” rating in a report on Thursday, May 28th. Stifel Nicolaus upped their price objective on shares of Valmont Industries from $645.00 to $678.00 and gave the stock a “buy” rating in a report on Monday, July 20th. JPMorgan Chase & Co. raised their target price on shares of Valmont Industries from $600.00 to $620.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 22nd. Weiss Ratings raised shares of Valmont Industries from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, June 26th. Finally, Wall Street Zen upgraded shares of 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 given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $587.00.

Institutional Investors Weigh In On Valmont Industries

Hedge funds have recently made changes to their positions in the company. Elyxium Wealth LLC bought a new position in Valmont Industries in the fourth quarter worth $27,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of Valmont Industries during the 4th quarter valued at $27,000. Elevation Wealth Partners LLC boosted 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 valued at $39,000 after buying an additional 43 shares in the last quarter. Leonteq Securities AG purchased a new stake in shares of Valmont Industries in the 4th quarter worth about $30,000. Finally, State of Wyoming bought a new position in shares of Valmont Industries in the 4th quarter worth about $34,000. 87.84% of the stock is currently owned by 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.