Inceptionr LLC Makes New Investment in Valmont Industries, Inc. $VMI

Inceptionr LLC bought a new position in shares of Valmont Industries, Inc. (NYSE:VMI) in the 1st quarter, according to its most recent 13F filing with the SEC. The fund bought 2,043 shares of the industrial products company’s stock, valued at approximately $816,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Millennium Management LLC raised its position in shares of Valmont Industries by 225.1% in the 1st quarter. Millennium Management LLC now owns 67,630 shares of the industrial products company’s stock valued at $19,300,000 after acquiring an additional 46,825 shares during the period. Goldman Sachs Group Inc. grew its holdings in Valmont Industries by 8.6% during the first quarter. Goldman Sachs Group Inc. now owns 59,127 shares of the industrial products company’s stock valued at $16,873,000 after purchasing an additional 4,676 shares during the period. Empowered Funds LLC acquired a new position in Valmont Industries during the first quarter valued at approximately $265,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Valmont Industries by 3.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 72,511 shares of the industrial products company’s stock valued at $20,692,000 after purchasing an additional 2,639 shares in the last quarter. Finally, Geneos Wealth Management Inc. increased its stake in Valmont Industries by 223.4% in the first quarter. Geneos Wealth Management Inc. now owns 152 shares of the industrial products company’s stock valued at $43,000 after purchasing an additional 105 shares in the last quarter. 87.84% of the stock is owned by institutional investors.

Valmont Industries Stock Down 0.5%

VMI stock opened at $486.07 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.35 and a quick ratio of 1.59. The stock has a market capitalization of $9.44 billion, a P/E ratio of 18.93, a P/E/G ratio of 1.12 and a beta of 1.33. The business has a 50-day moving average of $538.15 and a 200-day moving average of $478.27. Valmont Industries, Inc. has a fifty-two week low of $353.41 and a fifty-two week high of $585.71.

Valmont Industries (NYSE:VMI) last posted its quarterly earnings data on Tuesday, July 21st. The industrial products company reported $6.14 earnings per share (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 business had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same period last year, the company earned $4.88 earnings per share. Valmont Industries’s quarterly revenue was up 6.5% on a year-over-year basis. On average, sell-side analysts anticipate that Valmont Industries, Inc. will post 22.96 earnings per share for the current fiscal year.

Valmont Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Friday, June 26th were paid 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 was Friday, June 26th. Valmont Industries’s dividend payout ratio (DPR) is currently 11.99%.

Analysts Set New Price Targets

VMI has been the topic of a number of recent analyst reports. Wall Street Zen raised shares of Valmont Industries from a “buy” rating to a “strong-buy” rating in a research report on Saturday, July 18th. Zacks Research cut 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 shares of Valmont Industries and gave the company an “outperform” rating in a research report on Thursday, May 28th. Weiss Ratings raised Valmont Industries from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, June 26th. Finally, JPMorgan Chase & Co. lifted their target price on Valmont Industries from $600.00 to $620.00 and gave the stock an “overweight” rating in a report on Wednesday. Four 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 an average target price of $587.00.

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.