Quantinno Capital Management LP Grows Stock Holdings in Valmont Industries, Inc. $VMI

Quantinno Capital Management LP grew its stake in Valmont Industries, Inc. (NYSE:VMI) by 35.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 160,180 shares of the industrial products company’s stock after acquiring an additional 42,126 shares during the period. Quantinno Capital Management LP’s holdings in Valmont Industries were worth $64,003,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Elyxium Wealth LLC purchased a new stake in shares of Valmont Industries in the fourth quarter valued at approximately $27,000. Caitong International Asset Management Co. Ltd bought a new position in Valmont Industries in the fourth quarter worth approximately $27,000. Leonteq Securities AG purchased a new position in Valmont Industries during the 4th quarter worth $30,000. State of Wyoming purchased a new position in Valmont Industries during the 4th quarter worth $34,000. Finally, V Square Quantitative Management LLC bought a new stake in Valmont Industries during the 1st quarter valued at $37,000. 87.84% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on VMI. JPMorgan Chase & Co. upped their target price on Valmont Industries from $600.00 to $620.00 and gave the stock an “overweight” rating in a report on Wednesday, July 22nd. Stifel Nicolaus raised their price target on Valmont Industries from $645.00 to $678.00 and gave the company a “buy” rating in a research note on Monday, July 20th. Oppenheimer set a $600.00 price objective on Valmont Industries and gave the company an “outperform” rating in a report on Thursday, May 28th. Wall Street Zen raised shares of Valmont Industries from a “buy” rating to a “strong-buy” rating in a research note on Saturday, July 18th. Finally, Weiss Ratings upgraded shares of Valmont Industries from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, June 26th. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Valmont Industries currently has an average rating of “Moderate Buy” and an average target price of $587.00.

Insiders Place Their Bets

In related news, CFO John L. Schwietz acquired 208 shares of the company’s stock in a transaction that occurred on Thursday, July 23rd. The shares were bought 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 ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.42% of the stock is currently owned by insiders.

Valmont Industries Stock Performance

Shares of NYSE:VMI opened at $478.68 on Wednesday. The firm has a 50 day moving average of $537.78 and a 200 day moving average of $479.62. 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 company has a market capitalization of $9.29 billion, a price-to-earnings ratio of 18.64, a price-to-earnings-growth ratio of 1.13 and a beta of 1.33. Valmont Industries, Inc. has a 52 week low of $353.41 and a 52 week high of $585.71.

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

Valmont Industries Announces Dividend

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

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.