Public Employees Retirement System of Ohio Buys New Holdings in Valmont Industries, Inc. $VMI

Public Employees Retirement System of Ohio acquired a new stake in shares of Valmont Industries, Inc. (NYSE:VMI) in the second quarter, according to its most recent disclosure with the SEC. The firm acquired 6,682 shares of the industrial products company’s stock, valued at approximately $3,860,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Elyxium Wealth LLC bought a new position in shares of Valmont Industries during the fourth quarter worth $27,000. Caitong International Asset Management Co. Ltd bought a new stake in Valmont Industries in the 4th quarter valued at $27,000. Northwestern Mutual Wealth Management Co. bought a new stake in Valmont Industries in the 2nd quarter valued at $28,000. Leonteq Securities AG purchased a new stake in Valmont Industries in the 4th quarter worth $30,000. Finally, State of Wyoming bought a new position in shares of Valmont Industries during the 4th quarter valued at about $34,000. Institutional investors own 87.84% of the company’s stock.

Analyst Ratings Changes

VMI has been the subject of a number of research analyst reports. Stifel Nicolaus raised 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. Wall Street Zen downgraded Valmont Industries from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 8th. 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. Weiss Ratings upgraded Valmont Industries from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday. Finally, Zacks Research cut Valmont Industries from a “strong-buy” rating to a “hold” rating in a report on Monday, July 20th. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $587.00.

Insider Buying and Selling at Valmont Industries

In other news, CFO John L. Schwietz purchased 208 shares of the company’s stock in a transaction that occurred on Thursday, July 23rd. The stock was purchased at an average cost of $486.14 per share, with a total value of $101,117.12. Following the purchase, 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 ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Theodor Freye sold 800 shares of the company’s 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 owned 2,805 shares in the company, valued at $1,388,475. The trade was a 22.19% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 1.42% of the company’s stock.

Valmont Industries Trading Up 2.4%

Shares of NYSE VMI opened at $475.12 on Friday. The business’s 50 day moving average is $507.42 and its two-hundred day moving average is $486.25. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.35 and a quick ratio of 1.55. Valmont Industries, Inc. has a 1-year low of $361.50 and a 1-year high of $585.71. The stock has a market capitalization of $9.17 billion, a P/E ratio of 18.50, a PEG ratio of 1.06 and a beta of 1.34.

Valmont Industries (NYSE:VMI) last announced its earnings results on Tuesday, July 21st. The industrial products company reported $6.14 EPS for the quarter, topping 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 firm had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.09 billion. During the same quarter in the previous year, the business earned $4.88 EPS. The company’s quarterly revenue was up 6.5% on a year-over-year basis. As a group, research analysts expect that Valmont Industries, Inc. will post 23.08 EPS for the current year.

Valmont Industries Announces Dividend

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

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.