Riverwater Partners LLC Has $1.48 Million Stake in Valmont Industries, Inc. $VMI

Riverwater Partners LLC increased its holdings in shares of Valmont Industries, Inc. (NYSE:VMI) by 195.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,675 shares of the industrial products company’s stock after acquiring an additional 2,431 shares during the quarter. Riverwater Partners LLC’s holdings in Valmont Industries were worth $1,479,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the business. Community Bank N.A. acquired a new stake in shares of Valmont Industries during the 3rd quarter worth about $25,000. Elyxium Wealth LLC acquired a new position in Valmont Industries in the 4th quarter valued at about $27,000. Leonteq Securities AG bought a new position in Valmont Industries in the 4th quarter valued at about $30,000. State of Wyoming acquired a new stake in Valmont Industries during the fourth quarter worth approximately $34,000. Finally, Abich Financial Wealth Management LLC acquired a new stake in Valmont Industries during the third quarter worth approximately $36,000. Institutional investors own 87.84% of the company’s stock.

Insiders Place Their Bets

In other Valmont Industries news, Director Mogens C. Bay sold 17,500 shares of the firm’s stock in a transaction on Friday, April 24th. The stock was sold at an average price of $492.34, for a total value of $8,615,950.00. Following the sale, the director owned 112,309 shares of the company’s stock, valued at approximately $55,294,213.06. This trade represents a 13.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.42% of the stock is owned by insiders.

Valmont Industries Stock Up 3.2%

Shares of NYSE VMI opened at $528.59 on Friday. The stock has a market capitalization of $10.26 billion, a P/E ratio of 29.35, a PEG ratio of 1.18 and a beta of 1.34. The stock’s fifty day moving average is $485.59 and its 200 day moving average is $449.11. Valmont Industries, Inc. has a 52 week low of $316.56 and a 52 week high of $548.90. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.59 and a current ratio of 2.38.

Valmont Industries (NYSE:VMI) last announced its quarterly earnings data on Tuesday, April 21st. The industrial products company reported $5.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.72 by $0.79. The firm had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $994.85 million. Valmont Industries had a net margin of 8.91% and a return on equity of 24.94%. The business’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same period in the prior year, the company posted $4.32 earnings per share. Sell-side analysts forecast that Valmont Industries, Inc. will post 22.83 earnings per share for the current fiscal year.

Valmont Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Friday, June 26th will be given a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a yield of 0.6%. The ex-dividend date is Friday, June 26th. Valmont Industries’s payout ratio is currently 17.10%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Weiss Ratings raised Valmont Industries from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, May 21st. Wall Street Zen upgraded Valmont Industries from a “buy” rating to a “strong-buy” rating in a research note on Sunday, May 31st. Oppenheimer set a $600.00 price objective on Valmont Industries and gave the company an “outperform” rating in a report on Thursday, May 28th. JPMorgan Chase & Co. lifted their target price on Valmont Industries from $480.00 to $510.00 and gave the stock an “overweight” rating in a report on Wednesday, February 18th. Finally, DA Davidson boosted their target price on shares of Valmont Industries from $415.00 to $450.00 and gave the company a “neutral” rating in a research report on Wednesday, February 18th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $525.25.

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.