D.B. Root & Company LLC Takes $861,000 Position in Valmont Industries, Inc. $VMI

D.B. Root & Company LLC bought a new stake in shares of Valmont Industries, Inc. (NYSE:VMI) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 1,491 shares of the industrial products company’s stock, valued at approximately $861,000.

Other institutional investors also recently added to or reduced their stakes in the company. Elyxium Wealth LLC acquired a new position in shares of Valmont Industries during the fourth quarter worth approximately $27,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Valmont Industries in the fourth quarter worth $27,000. Northwestern Mutual Wealth Management Co. bought a new position in Valmont Industries during the second quarter worth $28,000. Leonteq Securities AG bought a new position in Valmont Industries during the fourth quarter worth $30,000. Finally, State of Wyoming acquired a new position in Valmont Industries during the 4th quarter valued at $34,000. 87.84% of the stock is owned by institutional investors.

Valmont Industries Stock Up 0.2%

VMI opened at $486.94 on Monday. The company has a market capitalization of $9.40 billion, a P/E ratio of 18.96, a P/E/G ratio of 1.11 and a beta of 1.35. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.35 and a quick ratio of 1.55. The firm’s fifty day moving average price is $524.20 and its two-hundred day moving average price is $485.90. Valmont Industries, Inc. has a fifty-two week low of $360.41 and a fifty-two week high of $585.71.

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. The company had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.09 billion. Valmont Industries had a net margin of 11.70% and a return on equity of 25.57%. The business’s revenue was up 6.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $4.88 EPS. On average, analysts anticipate that Valmont Industries, Inc. will post 23.08 EPS for the current year.

Valmont Industries Announces Dividend

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

Insider Activity

In other news, CFO John L. Schwietz bought 208 shares of the stock in a transaction dated Thursday, July 23rd. The shares were acquired at an average price of $486.14 per share, with a total value of $101,117.12. Following the acquisition, the chief financial officer owned 2,992 shares in the company, valued at $1,454,530.88. This trade represents a 7.47% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Theodor Werner Freye sold 800 shares of Valmont Industries stock in a transaction dated 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 of the company’s stock, valued at $1,388,475. This represents a 22.19% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 1.42% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on VMI. Stifel Nicolaus raised their price target on shares of Valmont Industries from $645.00 to $678.00 and gave the stock a “buy” rating in a research report on Monday, July 20th. Weiss Ratings lowered shares of Valmont Industries from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, August 14th. Zacks Research cut shares of Valmont Industries from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 20th. Wall Street Zen downgraded Valmont Industries from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 8th. Finally, 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. 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 a consensus rating of “Moderate Buy” and a consensus 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.