Landscape Capital Management L.L.C. Invests $1.15 Million in Valmont Industries, Inc. $VMI

Landscape Capital Management L.L.C. bought a new stake in shares of Valmont Industries, Inc. (NYSE:VMI) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 1,996 shares of the industrial products company’s stock, valued at approximately $1,153,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Avalon Trust Co purchased a new stake in shares of Valmont Industries during the 2nd quarter valued at about $22,958,000. Vaughan Nelson Investment Management L.P. grew its position in Valmont Industries by 3.7% in the first quarter. Vaughan Nelson Investment Management L.P. now owns 252,605 shares of the industrial products company’s stock worth $100,933,000 after acquiring an additional 9,130 shares in the last quarter. Congruence Capital LLC bought a new stake in Valmont Industries during the fourth quarter worth approximately $15,011,000. Leuthold Group LLC raised its position in Valmont Industries by 983.7% during the fourth quarter. Leuthold Group LLC now owns 11,498 shares of the industrial products company’s stock valued at $4,626,000 after purchasing an additional 10,437 shares during the period. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new stake in Valmont Industries during the fourth quarter valued at approximately $1,785,000. 87.84% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Valmont Industries

In related news, CFO John L. Schwietz purchased 208 shares of the business’s stock in a transaction dated 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 acquisition, 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 position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Theodor Werner Freye sold 800 shares of the firm’s stock in a transaction that occurred 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 transaction, the director directly owned 2,805 shares in the company, valued at approximately $1,388,475. This trade represents a 22.19% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 1.42% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on VMI shares. Weiss Ratings cut Valmont Industries from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, August 14th. Oppenheimer set a $600.00 price target on Valmont Industries and gave the company an “outperform” rating in a report on Thursday, May 28th. Zacks Research downgraded Valmont Industries from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 20th. JPMorgan Chase & Co. lifted their price objective on shares of Valmont Industries from $600.00 to $620.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 22nd. Finally, Wall Street Zen cut shares of Valmont Industries from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 8th. 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 presently has a consensus rating of “Moderate Buy” and a consensus target price of $587.00.

Valmont Industries Stock Up 0.2%

Shares of NYSE:VMI opened at $486.94 on Monday. The firm has a market capitalization of $9.40 billion, a PE ratio of 18.96, a price-to-earnings-growth ratio of 1.11 and a beta of 1.35. The business has a 50 day simple moving average of $524.20 and a two-hundred day simple moving average of $485.90. Valmont Industries, Inc. has a 1 year low of $360.41 and a 1 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.

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 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 period in the prior year, the business posted $4.88 earnings per share. The company’s revenue for the quarter was up 6.5% on a year-over-year basis. On average, equities analysts predict that Valmont Industries, Inc. will post 23.08 EPS for the current year.

Valmont Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Friday, September 25th will be paid 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 of this dividend is Friday, September 25th. Valmont Industries’s payout ratio is currently 11.99%.

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.