Jefferies Financial Group Inc. Takes Position in Valmont Industries, Inc. $VMI

Jefferies Financial Group Inc. purchased a new stake in shares of Valmont Industries, Inc. (NYSE:VMI) during the fourth quarter, Holdings Channel reports. The institutional investor purchased 2,403 shares of the industrial products company’s stock, valued at approximately $967,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Public Employees Retirement System of Ohio grew its stake in Valmont Industries by 0.4% in the third quarter. Public Employees Retirement System of Ohio now owns 7,565 shares of the industrial products company’s stock valued at $2,933,000 after purchasing an additional 29 shares in the last quarter. Wedmont Private Capital grew its stake in Valmont Industries by 5.6% in the fourth quarter. Wedmont Private Capital now owns 582 shares of the industrial products company’s stock valued at $245,000 after purchasing an additional 31 shares in the last quarter. Aptus Capital Advisors LLC grew its stake in Valmont Industries by 0.5% in the third quarter. Aptus Capital Advisors LLC now owns 6,223 shares of the industrial products company’s stock valued at $2,413,000 after purchasing an additional 32 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in Valmont Industries by 9.3% in the fourth quarter. EverSource Wealth Advisors LLC now owns 459 shares of the industrial products company’s stock valued at $185,000 after purchasing an additional 39 shares in the last quarter. Finally, Huntington National Bank grew its stake in Valmont Industries by 48.2% in the third quarter. Huntington National Bank now owns 126 shares of the industrial products company’s stock valued at $49,000 after purchasing an additional 41 shares in the last quarter. Hedge funds and other institutional investors own 87.84% of the company’s stock.

Insider Buying and Selling at Valmont Industries

In related news, Director Mogens C. Bay sold 17,500 shares of the business’s stock in a transaction dated Friday, April 24th. The stock was sold at an average price of $492.34, for a total transaction of $8,615,950.00. Following the completion of the transaction, the director owned 112,309 shares of the company’s stock, valued at approximately $55,294,213.06. The trade was a 13.48% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.42% of the company’s stock.

Valmont Industries Price Performance

Shares of NYSE:VMI opened at $525.63 on Friday. Valmont Industries, Inc. has a fifty-two week low of $310.00 and a fifty-two week high of $535.32. The business has a 50-day moving average of $458.46 and a two-hundred day moving average of $439.53. The stock has a market capitalization of $10.20 billion, a P/E ratio of 29.19 and a beta of 1.36. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.38 and a quick ratio of 1.59.

Valmont Industries (NYSE:VMI) last announced its quarterly earnings results on Tuesday, April 21st. The industrial products company reported $5.51 earnings per share for the quarter, topping analysts’ consensus estimates of $4.72 by $0.79. Valmont Industries had a return on equity of 24.94% and a net margin of 8.91%.The company had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $994.85 million. During the same quarter in the previous year, the firm earned $4.32 earnings per share. The business’s quarterly revenue was up 6.2% compared to the same quarter last year. On average, equities research analysts predict that Valmont Industries, Inc. will post 22.78 EPS for the current fiscal year.

Valmont Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors 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 dividend yield of 0.6%. The ex-dividend date of this dividend is Friday, June 26th. Valmont Industries’s payout ratio is currently 17.10%.

Wall Street Analyst Weigh In

A number of brokerages have commented on VMI. Wall Street Zen downgraded Valmont Industries from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 23rd. DA Davidson boosted their target price on Valmont Industries from $415.00 to $450.00 and gave the company a “neutral” rating in a research note on Wednesday, February 18th. Weiss Ratings upgraded Valmont Industries from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, May 21st. Oppenheimer set a $600.00 target price on Valmont Industries and gave the company an “outperform” rating in a research note on Thursday. Finally, Zacks Research upgraded Valmont Industries from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 23rd. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Valmont Industries has an average rating of “Buy” and a consensus target price 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.