Caisse de depot et placement du Quebec Takes Position in Valmont Industries, Inc. $VMI

Caisse de depot et placement du Quebec acquired a new stake in shares of Valmont Industries, Inc. (NYSE:VMI) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 38,888 shares of the industrial products company’s stock, valued at approximately $22,462,000.

A number of other large investors also recently bought and sold shares of the business. Avalon Trust Co acquired a new position in Valmont Industries during the second quarter worth approximately $22,958,000. Congruence Capital LLC bought a new stake in Valmont Industries in the 4th quarter valued at $15,011,000. Vaughan Nelson Investment Management L.P. lifted its holdings in Valmont Industries by 3.7% during the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 252,605 shares of the industrial products company’s stock valued at $100,933,000 after purchasing an additional 9,130 shares during the last quarter. Leuthold Group LLC increased its holdings in shares of Valmont Industries by 983.7% in 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 last quarter. Finally, De Lisle Partners LLP bought a new position in shares of Valmont Industries in the second quarter valued at about $13,180,000. Institutional investors own 87.84% of the company’s stock.

Insider Activity at Valmont Industries

In related news, CFO John L. Schwietz acquired 208 shares of Valmont Industries stock in a transaction dated Thursday, July 23rd. The stock was bought at an average price of $486.14 per share, with a total value of $101,117.12. Following the transaction, 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 purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Theodor Werner Freye sold 800 shares of Valmont Industries stock in a transaction 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 completion of the sale, the director owned 2,805 shares of the company’s stock, valued at $1,388,475. This represents a 22.19% decrease in their position. The SEC filing for this sale provides additional information. 1.42% of the stock is currently owned by insiders.

Valmont Industries Stock Performance

Shares of Valmont Industries stock opened at $476.92 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 business has a 50-day moving average price of $515.90 and a two-hundred day moving average price of $486.31. Valmont Industries, Inc. has a 1-year low of $360.41 and a 1-year high of $585.71. The company has a market cap of $9.21 billion, a P/E ratio of 18.57, a PEG ratio of 1.10 and a beta of 1.35.

Valmont Industries (NYSE:VMI) last announced its quarterly earnings data 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. Valmont Industries had a return on equity of 25.57% and a net margin of 11.70%.The company had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same period in the previous year, the business earned $4.88 EPS. The firm’s revenue was up 6.5% compared to the same quarter last year. As a group, analysts anticipate that Valmont Industries, Inc. will post 23.08 EPS for the current 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 issued 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%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on VMI shares. Zacks Research cut Valmont Industries from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 20th. Stifel Nicolaus boosted their price objective on shares of Valmont Industries from $645.00 to $678.00 and gave the company a “buy” rating in a research report on Monday, July 20th. JPMorgan Chase & Co. increased their target price on shares of Valmont Industries from $600.00 to $620.00 and gave the stock an “overweight” rating in a report on Wednesday, July 22nd. Wall Street Zen cut Valmont Industries from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 8th. Finally, Weiss Ratings downgraded shares of Valmont Industries from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, August 14th. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $587.00.

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.