Jupiter Topco LLC Invests $75.31 Million in Valmont Industries, Inc. $VMI

Jupiter Topco LLC bought a new stake in Valmont Industries, Inc. (NYSE:VMI) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 130,279 shares of the industrial products company’s stock, valued at approximately $75,308,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of VMI. Northwestern Mutual Wealth Management Co. acquired a new position in Valmont Industries during the second quarter worth about $28,000. Elyxium Wealth LLC purchased a new stake in Valmont Industries during the 4th quarter valued at about $27,000. Caitong International Asset Management Co. Ltd acquired a new stake in Valmont Industries in the 4th quarter valued at about $27,000. Elevation Wealth Partners LLC raised its holdings in Valmont Industries by 179.2% in the 2nd 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 during the last quarter. Finally, Leonteq Securities AG purchased a new position in Valmont Industries in the 4th quarter worth approximately $30,000. 87.84% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Valmont Industries

In other news, Director Theodor Werner Freye sold 800 shares of the company’s stock in a transaction on Monday, July 27th. The stock was sold at an average price of $495.00, for a total value of $396,000.00. Following the transaction, 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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO John L. Schwietz purchased 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 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 disclosure for this purchase is available in the SEC filing. 1.42% of the stock is owned by company insiders.

Valmont Industries Price Performance

Shares of VMI stock opened at $480.48 on Friday. 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 company has a market capitalization of $9.28 billion, a PE ratio of 18.71, a price-to-earnings-growth ratio of 1.09 and a beta of 1.35. The firm’s 50-day moving average is $517.79 and its two-hundred day moving average is $486.37. Valmont Industries, Inc. has a 12 month low of $360.41 and a 12 month high of $585.71.

Valmont Industries (NYSE:VMI) last posted its quarterly earnings results on Tuesday, July 21st. The industrial products company reported $6.14 earnings per share for the quarter, beating the consensus estimate of $5.80 by $0.34. The business 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 for the quarter was up 6.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $4.88 EPS. Analysts predict that Valmont Industries, Inc. will post 23.08 earnings per share for the current year.

Valmont Industries Dividend Announcement

The firm also recently disclosed 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 is Friday, September 25th. Valmont Industries’s dividend payout ratio is presently 11.99%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on VMI shares. Oppenheimer set a $600.00 target price on Valmont Industries and gave the stock an “outperform” rating in a report on Thursday, May 28th. Zacks Research cut Valmont Industries from a “strong-buy” rating to a “hold” rating in a report 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. Weiss Ratings lowered Valmont Industries from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, August 14th. Finally, Stifel Nicolaus upped their target price on Valmont Industries from $645.00 to $678.00 and gave the company a “buy” rating in a report on Monday, July 20th. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $587.00.

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.