Value Holdings Management CO. LLC Acquires New Holdings in Valmont Industries, Inc. $VMI

Value Holdings Management CO. LLC acquired a new position in Valmont Industries, Inc. (NYSE:VMI) in the 2nd quarter, Holdings Channel reports. The institutional investor acquired 33,000 shares of the industrial products company’s stock, valued at approximately $19,061,000. Valmont Industries accounts for 3.2% of Value Holdings Management CO. LLC’s holdings, making the stock its 11th biggest position.

A number of other institutional investors and hedge funds have also recently bought and sold shares of VMI. Elyxium Wealth LLC bought a new stake in shares of Valmont Industries during the 4th quarter worth about $27,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Valmont Industries in the 4th quarter worth approximately $27,000. 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 valued at $39,000 after acquiring an additional 43 shares in the last quarter. Leonteq Securities AG bought a new position in shares of Valmont Industries in the fourth quarter valued at approximately $30,000. Finally, State of Wyoming acquired a new position in shares of Valmont Industries during the fourth quarter valued at approximately $34,000. Institutional investors own 87.84% of the company’s stock.

Insider Activity at Valmont Industries

In other Valmont Industries news, Director Theodor Werner Freye sold 800 shares of Valmont Industries stock in a transaction that occurred on Monday, July 27th. The shares were sold at an average price of $495.00, for a total transaction of $396,000.00. Following the transaction, the director directly owned 2,805 shares in the company, valued at approximately $1,388,475. The trade was a 22.19% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO John L. Schwietz bought 208 shares of the business’s stock in a transaction on Thursday, July 23rd. The shares were purchased 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 owned 2,992 shares in the company, valued at approximately $1,454,530.88. This trade represents a 7.47% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 1.42% of the stock is currently owned by corporate insiders.

Valmont Industries Trading Down 0.3%

NYSE:VMI opened at $482.94 on Friday. The stock has a fifty day simple moving average of $525.39 and a 200 day simple moving average of $485.66. The firm has a market capitalization of $9.33 billion, a price-to-earnings ratio of 18.81, a price-to-earnings-growth ratio of 1.10 and a beta of 1.35. Valmont Industries, Inc. has a 1-year low of $360.41 and a 1-year high of $585.71. 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 (NYSE:VMI) last posted its quarterly earnings data 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 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 the consensus estimate of $1.09 billion. During the same quarter in the previous year, the company earned $4.88 EPS. The business’s revenue for the quarter was up 6.5% compared to the same quarter last year. Sell-side analysts forecast that Valmont Industries, Inc. will post 23.08 earnings per share for the current year.

Valmont Industries Dividend Announcement

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

Wall Street Analyst Weigh In

VMI has been the topic of several recent analyst reports. JPMorgan Chase & Co. boosted their target price on Valmont Industries from $600.00 to $620.00 and gave the stock an “overweight” rating in a report on Wednesday, July 22nd. Oppenheimer set a $600.00 price target on Valmont Industries and gave the company an “outperform” rating in a research note on Thursday, May 28th. Weiss Ratings cut Valmont Industries from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, August 14th. Stifel Nicolaus raised their target price 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, Wall Street Zen lowered Valmont Industries from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 8th. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $587.00.

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.