Avalon Trust Co Purchases 720 Shares of Valmont Industries, Inc. (NYSE:VMI)

Key Points

• Avalon Trust Co increased its stake in Valmont Industries, now holding 41,475 shares valued at $11.84 million.
• Valmont Industries reported quarterly earnings of $4.88 EPS, exceeding analysts' estimates and showing a 1% year-over-year revenue increase.
• The company announced a quarterly dividend of $0.68 per share, with an ex-dividend date of September 26th, resulting in an annualized yield of 0.8%.

Avalon Trust Co raised its holdings in Valmont Industries, Inc. (NYSE:VMI - Free Report) by 1.8% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 41,475 shares of the industrial products company's stock after purchasing an additional 720 shares during the period. Avalon Trust Co owned approximately 0.21% of Valmont Industries worth $11,836,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Aster Capital Management DIFC Ltd boosted its position in shares of Valmont Industries by 175.7% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 193 shares of the industrial products company's stock valued at $59,000 after buying an additional 123 shares during the last quarter. Quarry LP grew its holdings in Valmont Industries by 395.1% during the fourth quarter. Quarry LP now owns 203 shares of the industrial products company's stock valued at $62,000 after purchasing an additional 162 shares during the period. GAMMA Investing LLC lifted its holdings in Valmont Industries by 82.3% during the first quarter. GAMMA Investing LLC now owns 226 shares of the industrial products company's stock valued at $64,000 after purchasing an additional 102 shares during the last quarter. Signaturefd LLC raised its holdings in Valmont Industries by 23.9% during the 1st quarter. Signaturefd LLC now owns 270 shares of the industrial products company's stock valued at $77,000 after acquiring an additional 52 shares during the period. Finally, Meeder Asset Management Inc. purchased a new stake in Valmont Industries during the 1st quarter worth about $90,000. Institutional investors and hedge funds own 87.84% of the company's stock.

Insider Transactions at Valmont Industries

In related news, CAO Timothy P. Francis sold 2,867 shares of the business's stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $358.52, for a total value of $1,027,876.84. Following the completion of the transaction, the chief accounting officer directly owned 9,746 shares in the company, valued at $3,494,135.92. The trade was a 22.73% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.50% of the company's stock.

Valmont Industries Stock Down 0.3%

Shares of VMI stock traded down $1.19 during mid-day trading on Wednesday, reaching $366.18. 63,606 shares of the company's stock traded hands, compared to its average volume of 160,098. The company has a quick ratio of 1.44, a current ratio of 2.15 and a debt-to-equity ratio of 0.48. The company's 50-day moving average price is $335.57 and its 200-day moving average price is $321.26. The company has a market cap of $7.23 billion, a P/E ratio of 34.25 and a beta of 1.12. Valmont Industries, Inc. has a 12 month low of $250.07 and a 12 month high of $379.22.

Valmont Industries (NYSE:VMI - Get Free Report) last released its earnings results on Tuesday, July 22nd. The industrial products company reported $4.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.78 by $0.10. Valmont Industries had a net margin of 5.98% and a return on equity of 22.10%. The firm had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.03 billion. During the same period last year, the business earned $4.91 earnings per share. The business's revenue was up 1.0% on a year-over-year basis. On average, equities analysts expect that Valmont Industries, Inc. will post 18.07 earnings per share for the current fiscal year.

Valmont Industries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Friday, September 26th will be issued a $0.68 dividend. The ex-dividend date of this dividend is Friday, September 26th. This represents a $2.72 annualized dividend and a yield of 0.7%. Valmont Industries's payout ratio is 25.33%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on VMI shares. Wall Street Zen downgraded shares of Valmont Industries from a "buy" rating to a "hold" rating in a research note on Sunday. DA Davidson upped their price target on shares of Valmont Industries from $380.00 to $400.00 and gave the company a "neutral" rating in a report on Wednesday, July 23rd. Stifel Nicolaus boosted their price objective on shares of Valmont Industries from $345.00 to $382.00 and gave the company a "buy" rating in a research report on Monday, July 21st. Finally, William Blair upgraded Valmont Industries from a "market perform" rating to an "outperform" rating in a research report on Wednesday, April 23rd.

Valmont Industries Company Profile

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.