Valmont Industries, Inc. (NYSE:VMI - Get Free Report) CFO John Schwietz acquired 208 shares of the firm's stock in a transaction that occurred on Thursday, July 23rd. The stock was acquired at an average price of $486.14 per share, with a total value of $101,117.12. Following the completion of the transaction, the chief financial officer directly owned 2,992 shares in the company, valued at $1,454,530.88. This trade represents a 7.47% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Valmont Industries Stock Down 3.3%
Shares of VMI stock opened at $478.68 on Wednesday. Valmont Industries, Inc. has a 12-month low of $353.41 and a 12-month high of $585.71. The company has a quick ratio of 1.55, a current ratio of 2.35 and a debt-to-equity ratio of 0.42. The firm has a fifty day moving average of $537.78 and a 200-day moving average of $479.62. The company has a market capitalization of $9.29 billion, a price-to-earnings ratio of 18.64, a P/E/G ratio of 1.13 and a beta of 1.33.
Valmont Industries (NYSE:VMI - Get Free Report) last announced its earnings results 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 business had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.09 billion. Valmont Industries had a return on equity of 25.57% and a net margin of 11.70%.Valmont Industries's revenue for the quarter was up 6.5% compared to the same quarter last year. During the same quarter last year, the firm earned $4.88 EPS. As a group, equities research analysts predict that Valmont Industries, Inc. will post 22.96 earnings per share for the current fiscal year.
Valmont Industries Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Friday, September 25th will be paid a dividend of $0.77 per share. The ex-dividend date is Friday, September 25th. This represents a $3.08 annualized dividend and a dividend yield of 0.6%. Valmont Industries's payout ratio is currently 11.99%.
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of VMI. Robert B. Daugherty Foundation bought a new position in Valmont Industries in the 4th quarter valued at approximately $100,580,000. Norges Bank acquired a new position in Valmont Industries during the 4th quarter worth about $99,799,000. Ninety One UK Ltd bought a new stake in shares of Valmont Industries in the 4th quarter valued at about $66,103,000. AQR Capital Management LLC increased its stake in shares of Valmont Industries by 118.8% in the third quarter. AQR Capital Management LLC now owns 282,610 shares of the industrial products company's stock valued at $108,884,000 after buying an additional 153,418 shares during the period. Finally, Qube Research & Technologies Ltd increased its stake in shares of Valmont Industries by 179.6% in the second quarter. Qube Research & Technologies Ltd now owns 117,342 shares of the industrial products company's stock valued at $38,320,000 after buying an additional 75,377 shares during the period. Institutional investors own 87.84% of the company's stock.
Analyst Ratings Changes
A number of analysts have recently issued reports on VMI shares. JPMorgan Chase & Co. raised their target price on shares of Valmont Industries from $600.00 to $620.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 22nd. Stifel Nicolaus increased their price target on shares of Valmont Industries from $645.00 to $678.00 and gave the company a "buy" rating in a report on Monday, July 20th. Zacks Research downgraded shares of Valmont Industries from a "strong-buy" rating to a "hold" rating in a research report on Monday, July 20th. Oppenheimer set a $600.00 price objective on Valmont Industries and gave the stock an "outperform" rating in a report on Thursday, May 28th. Finally, Wall Street Zen raised Valmont Industries from a "buy" rating to a "strong-buy" rating in a research report on Saturday, July 18th. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $587.00.
Get Our Latest Stock Analysis on VMI
Valmont Industries Company Profile
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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.
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