Banque Cantonale Vaudoise Buys Shares of 944 Valmont Industries, Inc. (NYSE:VMI)

Key Points

• Banque Cantonale Vaudoise has acquired a new stake in Valmont Industries, purchasing 944 shares valued at approximately $269,000.
• Valmont Industries recently reported earnings of $4.88 per share, surpassing analyst expectations of $4.78, with revenue of $1.05 billion for the quarter.
• The company announced a quarterly dividend of $0.68 per share, representing a 0.8% dividend yield and a payout ratio of 25.33%.

Banque Cantonale Vaudoise purchased a new stake in Valmont Industries, Inc. (NYSE:VMI - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 944 shares of the industrial products company's stock, valued at approximately $269,000.

Several other large investors have also modified their holdings of the stock. Aster Capital Management DIFC Ltd increased its position in Valmont Industries by 175.7% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 193 shares of the industrial products company's stock worth $59,000 after purchasing an additional 123 shares in the last quarter. Quarry LP lifted its holdings in shares of Valmont Industries by 395.1% during the 4th quarter. Quarry LP now owns 203 shares of the industrial products company's stock valued at $62,000 after acquiring an additional 162 shares in the last quarter. GAMMA Investing LLC boosted its position in Valmont Industries by 82.3% during the 1st quarter. GAMMA Investing LLC now owns 226 shares of the industrial products company's stock worth $64,000 after purchasing an additional 102 shares during the period. Signaturefd LLC boosted its position in Valmont Industries by 23.9% during the 1st quarter. Signaturefd LLC now owns 270 shares of the industrial products company's stock worth $77,000 after purchasing an additional 52 shares during the period. Finally, Meeder Asset Management Inc. acquired a new stake in Valmont Industries in the 1st quarter valued at $90,000. 87.84% of the stock is currently owned by hedge funds and other institutional investors.

Valmont Industries Stock Performance

Shares of NYSE VMI traded down $1.19 during trading on Wednesday, reaching $366.18. The stock had a trading volume of 63,606 shares, compared to its average volume of 160,098. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.44 and a current ratio of 2.15. The stock has a market cap of $7.23 billion, a PE ratio of 34.25 and a beta of 1.12. Valmont Industries, Inc. has a one year low of $250.07 and a one year high of $379.22. The firm's 50 day moving average price is $335.57 and its two-hundred day moving average price is $321.26.

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

Valmont Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Friday, September 26th will be given a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Friday, September 26th. Valmont Industries's dividend payout ratio is presently 25.33%.

Insider Buying and Selling at Valmont Industries

In related news, CAO Timothy P. Francis sold 2,867 shares of the company's stock in a transaction on Friday, August 1st. The stock was sold at an average price of $358.52, for a total transaction 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. This represents a 22.73% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.50% of the company's stock.

Wall Street Analysts Forecast Growth

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

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.