2,330 Shares in Valmont Industries, Inc. $VMI Purchased by First National Bank of Omaha

Key Points

• First National Bank of Omaha acquired 2,330 Valmont Industries shares valued at approximately $1.35 million. Institutional investors collectively own 87.84% of VMI’s outstanding stock.
• Valmont reported quarterly earnings of $6.14 per share, beating estimates of $5.80, while revenue rose 6.5% year over year to $1.12 billion. The company also declared a quarterly dividend of $0.77 per share, equivalent to a 0.6% annual yield.
• Analysts maintain a consensus “Moderate Buy” rating with an average price target of $587, although some firms recently downgraded the stock to “Hold” or reduced their bullish ratings.

First National Bank of Omaha acquired a new position in Valmont Industries, Inc. (NYSE:VMI - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 2,330 shares of the industrial products company's stock, valued at approximately $1,346,000.

Several other large investors have also modified their holdings of VMI. Vanguard Personalized Indexing Management LLC lifted its stake in shares of Valmont Industries by 0.9% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 2,303 shares of the industrial products company's stock worth $927,000 after acquiring an additional 21 shares during the last quarter. Allen Capital Group LLC lifted its position in shares of Valmont Industries by 2.2% during the fourth quarter. Allen Capital Group LLC now owns 1,130 shares of the industrial products company's stock worth $455,000 after purchasing an additional 24 shares during the last quarter. Public Employees Retirement System of Ohio boosted its stake in shares of Valmont Industries by 0.4% during 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 during the period. Rothschild Investment LLC grew its holdings in shares of Valmont Industries by 7.1% in the fourth quarter. Rothschild Investment LLC now owns 453 shares of the industrial products company's stock worth $182,000 after purchasing an additional 30 shares during the last quarter. Finally, Balefire LLC increased its stake in Valmont Industries by 5.1% in the 1st quarter. Balefire LLC now owns 701 shares of the industrial products company's stock worth $280,000 after buying an additional 34 shares during the period. Hedge funds and other institutional investors own 87.84% of the company's stock.

Valmont Industries Stock Performance

Shares of VMI stock opened at $483.43 on Thursday. The firm has a market cap of $9.34 billion, a price-to-earnings ratio of 18.83, a PEG ratio of 1.11 and a beta of 1.35. Valmont Industries, Inc. has a 52-week low of $360.41 and a 52-week high of $585.71. 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's 50 day moving average is $526.30 and its 200 day moving average is $485.40.

Valmont Industries (NYSE:VMI - Get Free Report) last posted its earnings results on Tuesday, July 21st. The industrial products company reported $6.14 earnings per share for the quarter, topping analysts' consensus estimates of $5.80 by $0.34. The company had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.09 billion. Valmont Industries had a return on equity of 25.57% and a net margin of 11.70%.Valmont Industries's revenue was up 6.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $4.88 earnings per share. On average, sell-side analysts anticipate that Valmont Industries, Inc. will post 23.08 EPS 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%.

Analyst Ratings Changes

A number of brokerages recently issued reports on VMI. Wall Street Zen lowered Valmont Industries from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 8th. Weiss Ratings downgraded Valmont Industries from a "buy (b)" rating to a "buy (b-)" rating in a report on Friday, August 14th. JPMorgan Chase & Co. lifted their target price on Valmont Industries from $600.00 to $620.00 and gave the company an "overweight" rating in a research report on Wednesday, July 22nd. Stifel Nicolaus upped their target price on Valmont Industries from $645.00 to $678.00 and gave the stock a "buy" rating in a report on Monday, July 20th. Finally, Zacks Research lowered Valmont Industries from a "strong-buy" rating to a "hold" rating in a research note on Monday, July 20th. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Valmont Industries has an average rating of "Moderate Buy" and a consensus target price of $587.00.

Insiders Place Their Bets

In other Valmont Industries news, Director Theodor Werner Freye sold 800 shares of Valmont Industries stock in a transaction dated 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 owned 2,805 shares in the company, valued at $1,388,475. The trade was a 22.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO John L. Schwietz bought 208 shares of Valmont Industries stock in a transaction on Thursday, July 23rd. The stock was purchased at an average price of $486.14 per share, with a total value of $101,117.12. Following the completion of the acquisition, the chief financial officer directly owned 2,992 shares of the company's stock, valued at $1,454,530.88. This represents a 7.47% increase in their position. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 1.42% of the company's stock.

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.

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