Valmont Industries, Inc. (NYSE:VMI) Shares Acquired by Raymond James & Associates

Raymond James & Associates grew its stake in Valmont Industries, Inc. (NYSE:VMI) by 4.5% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 13,527 shares of the industrial products company’s stock after purchasing an additional 586 shares during the quarter. Raymond James & Associates owned approximately 0.07% of Valmont Industries worth $3,712,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. raised its stake in shares of Valmont Industries by 2.6% in the 4th quarter. Vanguard Group Inc. now owns 2,100,156 shares of the industrial products company’s stock valued at $490,407,000 after purchasing an additional 54,189 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Valmont Industries by 4.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 401,313 shares of the industrial products company’s stock valued at $93,711,000 after purchasing an additional 17,631 shares in the last quarter. King Luther Capital Management Corp raised its stake in shares of Valmont Industries by 3.7% in the 4th quarter. King Luther Capital Management Corp now owns 386,624 shares of the industrial products company’s stock valued at $90,281,000 after purchasing an additional 13,756 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Valmont Industries by 5.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 252,501 shares of the industrial products company’s stock valued at $58,962,000 after purchasing an additional 13,764 shares in the last quarter. Finally, Victory Capital Management Inc. raised its stake in shares of Valmont Industries by 20.6% in the 4th quarter. Victory Capital Management Inc. now owns 246,757 shares of the industrial products company’s stock valued at $57,620,000 after purchasing an additional 42,173 shares in the last quarter. Institutional investors and hedge funds own 87.84% of the company’s stock.

Insiders Place Their Bets

In other news, Director Theodor Werner Freye sold 1,600 shares of the company’s stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $300.12, for a total value of $480,192.00. Following the completion of the sale, the director now directly owns 3,685 shares of the company’s stock, valued at approximately $1,105,942.20. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, Director Theodor Werner Freye sold 1,600 shares of the company’s stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $300.12, for a total value of $480,192.00. Following the completion of the sale, the director now directly owns 3,685 shares of the company’s stock, valued at approximately $1,105,942.20. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Timothy P. Francis sold 2,300 shares of the company’s stock in a transaction that occurred on Tuesday, July 30th. The stock was sold at an average price of $298.49, for a total transaction of $686,527.00. Following the completion of the sale, the chief financial officer now directly owns 9,471 shares of the company’s stock, valued at $2,826,998.79. The disclosure for this sale can be found here. 2.00% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on VMI. Stifel Nicolaus boosted their price objective on shares of Valmont Industries from $285.00 to $325.00 and gave the company a “buy” rating in a research report on Thursday, July 18th. StockNews.com raised shares of Valmont Industries from a “buy” rating to a “strong-buy” rating in a research report on Monday, August 12th. Finally, DA Davidson boosted their price objective on shares of Valmont Industries from $300.00 to $340.00 and gave the company a “buy” rating in a research report on Friday, July 26th. One analyst has rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $332.50.

Valmont Industries Price Performance

NYSE VMI opened at $285.76 on Friday. Valmont Industries, Inc. has a 52 week low of $188.63 and a 52 week high of $307.67. The company has a current ratio of 2.53, a quick ratio of 1.63 and a debt-to-equity ratio of 0.69. The stock has a market cap of $5.77 billion, a price-to-earnings ratio of 37.65 and a beta of 1.03. The company has a 50-day moving average price of $280.03 and a two-hundred day moving average price of $249.72.

Valmont Industries (NYSE:VMI) last posted its earnings results on Wednesday, July 24th. The industrial products company reported $4.76 EPS for the quarter, topping the consensus estimate of $4.04 by $0.72. Valmont Industries had a net margin of 4.09% and a return on equity of 23.30%. The firm had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.06 billion. Analysts forecast that Valmont Industries, Inc. will post 16.76 EPS for the current year.

Valmont Industries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Friday, September 27th will be given a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 0.84%. The ex-dividend date is Friday, September 27th. Valmont Industries’s dividend payout ratio (DPR) is 31.62%.

About Valmont Industries

Valmont Industries, Inc operates as manufacturer of products and services for infrastructure and agriculture markets in the United States, Australia, Brazil, and internationally. It operates through two segments, Infrastructure and Agriculture. The company manufactures and distributes steel, pre-stressed concrete, composite structures for electrical transmission, substation, and distribution applications; and designs, engineers, and manufactures metal, steel, wood, aluminum, and composite poles and structures for lighting and transportation applications.