Insight Wealth Partners LLC Purchases Shares of 1,387 Valmont Industries, Inc. $VMI

Insight Wealth Partners LLC purchased a new stake in shares of Valmont Industries, Inc. (NYSE:VMI) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 1,387 shares of the industrial products company’s stock, valued at approximately $801,000.

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

Valmont Industries Stock Performance

NYSE:VMI opened at $484.36 on Wednesday. The company has a quick ratio of 1.55, a current ratio of 2.35 and a debt-to-equity ratio of 0.42. Valmont Industries, Inc. has a twelve month low of $361.50 and a twelve month high of $585.71. The company has a fifty day moving average of $501.97 and a 200-day moving average of $486.74. The firm has a market capitalization of $9.35 billion, a P/E ratio of 18.86, a P/E/G ratio of 1.10 and a beta of 1.34.

Valmont Industries (NYSE:VMI) last issued its earnings results on Tuesday, July 21st. The industrial products company reported $6.14 earnings per share (EPS) for the quarter, topping the consensus estimate 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 net margin of 11.70% and a return on equity of 25.57%. Valmont Industries’s revenue was up 6.5% on a year-over-year basis. During the same period in the prior year, the firm earned $4.88 earnings per share. As a group, sell-side analysts anticipate that Valmont Industries, Inc. will post 23.08 EPS for the current year.

Valmont Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Friday, September 25th will be given 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 of this dividend is Friday, September 25th. Valmont Industries’s dividend payout ratio is 11.99%.

Insider Transactions at Valmont Industries

In other news, CFO John Schwietz bought 208 shares of the firm’s stock in a transaction that occurred on Thursday, July 23rd. The stock was acquired at an average cost of $486.14 per share, with a total value of $101,117.12. Following the transaction, the chief financial officer directly owned 2,992 shares of the company’s stock, valued at approximately $1,454,530.88. This represents a 7.47% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Theodor Freye sold 800 shares of the company’s stock in a transaction that occurred on Monday, July 27th. The stock was sold at an average price of $495.00, for a total value of $396,000.00. Following the transaction, the director directly owned 2,805 shares in the company, valued at approximately $1,388,475. This trade represents a 22.19% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.42% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts recently commented on VMI shares. Oppenheimer set a $600.00 price objective on Valmont Industries and gave the stock an “outperform” rating in a research note on Thursday, May 28th. Wall Street Zen downgraded shares of Valmont Industries from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 8th. Weiss Ratings raised shares of Valmont Industries from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, August 31st. JPMorgan Chase & Co. increased their price target on Valmont Industries from $600.00 to $620.00 and gave the stock an “overweight” rating in a report on Wednesday, July 22nd. Finally, Zacks Research downgraded Valmont Industries from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 20th. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Valmont Industries currently 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.