6,820 Shares in Valmont Industries, Inc. $VMI Acquired by Diversify Advisory Services LLC

Key Points

• Diversify Advisory Services acquired 6,820 Valmont Industries shares worth approximately $3.38 million in the second quarter. Institutional investors collectively own 87.84% of VMI’s outstanding stock.
• Valmont reported quarterly earnings of $6.14 per share, exceeding estimates of $5.80, while revenue rose 6.5% year over year to $1.12 billion. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $587.
• The company declared a quarterly dividend of $0.77 per share, equivalent to $3.08 annually and a 0.6% yield. VMI shares opened at $487.62, down 3.8%, with a 52-week range of $360.41 to $585.71.

Diversify Advisory Services LLC bought a new stake in shares of Valmont Industries, Inc. (NYSE:VMI - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 6,820 shares of the industrial products company's stock, valued at approximately $3,375,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in VMI. Wealthfront Advisers LLC purchased a new position in Valmont Industries during the 2nd quarter valued at about $239,000. Cypress Asset Management Inc. TX bought a new position in shares of Valmont Industries during the second quarter valued at approximately $231,000. First National Bank of Omaha purchased a new position in Valmont Industries during the second quarter valued at approximately $1,346,000. RHS Financial LLC bought a new position in Valmont Industries in the second quarter worth approximately $330,000. Finally, Meeder Asset Management Inc. bought a new position in Valmont Industries in the second quarter worth approximately $3,539,000. Institutional investors own 87.84% of the company's stock.

Insider Buying and Selling at Valmont Industries

In related news, CFO John L. Schwietz acquired 208 shares of Valmont Industries stock in a transaction on Thursday, July 23rd. The stock was acquired at an average price of $486.14 per share, for a total transaction of $101,117.12. Following the purchase, the chief financial officer 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 acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Theodor Werner Freye sold 800 shares of the business's stock in a transaction dated Monday, July 27th. The shares were sold at an average price of $495.00, for a total value of $396,000.00. Following the completion of the transaction, the director directly owned 2,805 shares of the company's stock, valued at approximately $1,388,475. This trade represents a 22.19% decrease in their position. The SEC filing for this sale provides additional information. 1.42% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Zacks Research downgraded Valmont Industries from a "strong-buy" rating to a "hold" rating in a report on Monday, July 20th. Stifel Nicolaus lifted their target price 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 target price on shares of Valmont Industries and gave the stock an "outperform" rating in a report on Thursday, May 28th. JPMorgan Chase & Co. increased their price target on shares of Valmont Industries from $600.00 to $620.00 and gave the company an "overweight" rating in a research report on Wednesday, July 22nd. Finally, Wall Street Zen downgraded shares of Valmont Industries from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 8th. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $587.00.

Valmont Industries Trading Down 3.8%

Valmont Industries stock opened at $487.62 on Wednesday. The stock has a 50-day moving average price of $526.90 and a 200 day moving average price of $485.14. The company has a market capitalization of $9.42 billion, a price-to-earnings ratio of 18.99, a price-to-earnings-growth ratio of 1.13 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.

Valmont Industries (NYSE:VMI - Get Free Report) last released its quarterly earnings data on Tuesday, July 21st. The industrial products company reported $6.14 EPS for the quarter, beating the consensus estimate of $5.80 by $0.34. The business had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.09 billion. Valmont Industries had a net margin of 11.70% and a return on equity of 25.57%. The business's revenue for the quarter was up 6.5% on a year-over-year basis. During the same period in the prior year, the firm earned $4.88 EPS. Sell-side analysts anticipate that Valmont Industries, Inc. will post 23.08 EPS for the current year.

Valmont Industries Announces Dividend

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

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.

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