Chicago Partners Investment Group LLC Makes New $223,000 Investment in Valmont Industries, Inc. (NYSE:VMI)

Key Points

• Chicago Partners Investment Group LLC has invested $223,000 in Valmont Industries, Inc., acquiring 741 shares during the first quarter, according to a recent 13F filing.
• Several institutional investors, including Allianz Asset Management and GAMMA Investing, have increased their holdings in Valmont Industries, which now has a total institutional ownership of 87.84%.
• Valmont Industries recently announced a quarterly dividend of $0.68 per share, with an ex-dividend date of September 26th, representing an annual yield of 0.7%.

Chicago Partners Investment Group LLC acquired a new stake in Valmont Industries, Inc. (NYSE:VMI - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 741 shares of the industrial products company's stock, valued at approximately $223,000.

Several other institutional investors also recently made changes to their positions in VMI. Dimensional Fund Advisors LP boosted its holdings in Valmont Industries by 2.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 425,178 shares of the industrial products company's stock worth $130,389,000 after acquiring an additional 9,201 shares during the period. Earnest Partners LLC boosted its holdings in Valmont Industries by 4.3% in the 4th quarter. Earnest Partners LLC now owns 397,523 shares of the industrial products company's stock worth $121,908,000 after acquiring an additional 16,302 shares during the period. Segall Bryant & Hamill LLC boosted its stake in shares of Valmont Industries by 3.4% during the 1st quarter. Segall Bryant & Hamill LLC now owns 299,901 shares of the industrial products company's stock valued at $85,583,000 after buying an additional 9,979 shares during the last quarter. Allianz Asset Management GmbH boosted its stake in shares of Valmont Industries by 118.0% during the 1st quarter. Allianz Asset Management GmbH now owns 274,769 shares of the industrial products company's stock valued at $78,411,000 after buying an additional 148,740 shares during the last quarter. Finally, Northern Trust Corp boosted its stake in shares of Valmont Industries by 20.8% during the 4th quarter. Northern Trust Corp now owns 201,559 shares of the industrial products company's stock valued at $61,812,000 after buying an additional 34,666 shares during the last quarter. 87.84% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on VMI. Wall Street Zen cut Valmont Industries from a "buy" rating to a "hold" rating in a research note on Sunday, August 3rd. William Blair upgraded Valmont Industries from a "market perform" rating to an "outperform" rating in a report on Wednesday, April 23rd. Stifel Nicolaus lifted their price target on Valmont Industries from $345.00 to $382.00 and gave the company a "buy" rating in a report on Monday, July 21st. Finally, DA Davidson raised their price objective on Valmont Industries from $380.00 to $400.00 and gave the company a "neutral" rating in a research note on Wednesday, July 23rd.

Insider Buying and Selling

In other news, CAO Timothy P. Francis sold 2,867 shares of the firm's stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $358.52, for a total value of $1,027,876.84. Following the transaction, the chief accounting officer owned 9,746 shares in the company, valued at $3,494,135.92. This trade represents a 22.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.50% of the company's stock.

Valmont Industries Trading Down 0.6%

NYSE:VMI traded down $2.23 during mid-day trading on Friday, hitting $374.11. The company had a trading volume of 178,967 shares, compared to its average volume of 182,185. The firm has a market cap of $7.38 billion, a P/E ratio of 34.83 and a beta of 1.12. 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 business's fifty day moving average is $343.93 and its two-hundred day moving average is $323.28. Valmont Industries, Inc. has a fifty-two week low of $250.07 and a fifty-two week high of $384.08.

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

Valmont Industries Dividend Announcement

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

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.