Inceptionr LLC Acquires Shares of 2,043 Valmont Industries, Inc. $VMI

Inceptionr LLC bought a new position in Valmont Industries, Inc. (NYSE:VMI) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 2,043 shares of the industrial products company’s stock, valued at approximately $816,000.

Other large investors also recently modified their holdings of the company. Robert B. Daugherty Foundation bought a new stake in shares of Valmont Industries during the fourth quarter valued at approximately $100,580,000. Norges Bank acquired a new stake in shares of Valmont Industries in the fourth quarter valued at approximately $99,799,000. Ninety One UK Ltd bought a new position in Valmont Industries in the 4th quarter worth approximately $66,103,000. AQR Capital Management LLC raised its position in Valmont Industries by 118.8% in the 3rd quarter. AQR Capital Management LLC now owns 282,610 shares of the industrial products company’s stock worth $108,884,000 after purchasing an additional 153,418 shares during the last quarter. Finally, Qube Research & Technologies Ltd lifted its holdings in Valmont Industries by 179.6% during the 2nd quarter. Qube Research & Technologies Ltd now owns 117,342 shares of the industrial products company’s stock worth $38,320,000 after buying an additional 75,377 shares in the last quarter. 87.84% of the stock is currently owned by institutional investors and hedge funds.

Valmont Industries Trading Down 0.5%

VMI opened at $486.07 on Friday. The firm has a 50 day simple moving average of $538.15 and a 200 day simple moving average of $478.27. Valmont Industries, Inc. has a fifty-two week low of $353.41 and a fifty-two week high of $585.71. The company has a market cap of $9.44 billion, a price-to-earnings ratio of 18.93, a price-to-earnings-growth ratio of 1.12 and a beta of 1.33. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.35 and a quick ratio of 1.59.

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 net margin of 11.70% and a return on equity of 25.57%. The firm had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.09 billion. During the same period last year, the firm earned $4.88 earnings per share. The business’s revenue for the quarter was up 6.5% on a year-over-year basis. On average, sell-side analysts anticipate that Valmont Industries, Inc. will post 22.96 earnings per share for the current year.

Valmont Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Friday, June 26th were paid a $0.77 dividend. The ex-dividend date of this dividend was Friday, June 26th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 0.6%. Valmont Industries’s dividend payout ratio is 11.99%.

Analysts Set New Price Targets

VMI has been the topic of a number of recent research reports. Stifel Nicolaus increased their price objective on Valmont Industries from $645.00 to $678.00 and gave the company a “buy” rating in a research report on Monday, July 20th. Weiss Ratings upgraded Valmont Industries from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, June 26th. Wall Street Zen raised Valmont Industries from a “buy” rating to a “strong-buy” rating in a research note on Saturday, July 18th. Zacks Research lowered Valmont Industries from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 20th. Finally, JPMorgan Chase & Co. raised their price target on Valmont Industries from $600.00 to $620.00 and gave the company an “overweight” rating in a report on Wednesday. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Valmont Industries has an average rating of “Moderate Buy” and a consensus 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.