De Lisle Partners LLP Makes New Investment in Valmont Industries, Inc. $VMI

Key Points

• De Lisle Partners acquired 22,800 shares of Valmont Industries worth approximately $13.18 million, making VMI its 15th-largest portfolio holding and representing about 0.12% of the company.
• Valmont exceeded quarterly expectations, reporting $6.14 in EPS and $1.12 billion in revenue, with revenue up 6.5% year over year. 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, or $3.08 annualized, yielding approximately 0.6%; institutional investors collectively own 87.84% of VMI.

De Lisle Partners LLP acquired a new stake in Valmont Industries, Inc. (NYSE:VMI - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 22,800 shares of the industrial products company's stock, valued at approximately $13,180,000. Valmont Industries accounts for 1.4% of De Lisle Partners LLP's investment portfolio, making the stock its 15th biggest position. De Lisle Partners LLP owned about 0.12% of Valmont Industries as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also made changes to their positions in the company. BlackRock Inc. purchased a new position in shares of Valmont Industries during the second quarter worth about $1,141,369,000. Invesco Ltd. raised its stake in Valmont Industries by 8.3% during the 3rd quarter. Invesco Ltd. now owns 422,997 shares of the industrial products company's stock valued at $164,009,000 after acquiring an additional 32,382 shares during the last quarter. Geode Capital Management LLC raised its stake in Valmont Industries by 3.5% during the 4th quarter. Geode Capital Management LLC now owns 369,059 shares of the industrial products company's stock valued at $148,509,000 after acquiring an additional 12,480 shares during the last quarter. Sei Investments Co. lifted its position in Valmont Industries by 3.1% during the 3rd quarter. Sei Investments Co. now owns 290,948 shares of the industrial products company's stock worth $112,809,000 after acquiring an additional 8,715 shares during the period. Finally, AQR Capital Management LLC lifted its position in Valmont Industries by 118.8% during the 3rd quarter. AQR Capital Management LLC now owns 282,610 shares of the industrial products company's stock worth $108,884,000 after acquiring an additional 153,418 shares during the period. Institutional investors and hedge funds own 87.84% of the company's stock.

Insider Buying and Selling at Valmont Industries

In other news, Director Theodor Werner Freye sold 800 shares of the company's stock in a transaction on Monday, July 27th. The shares were sold at an average price of $495.00, for a total transaction of $396,000.00. Following the transaction, the director directly owned 2,805 shares of the company's stock, valued at $1,388,475. This represents a 22.19% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO John L. Schwietz purchased 208 shares of the business's stock in a transaction dated Thursday, July 23rd. The stock was bought at an average price of $486.14 per share, with a total value of $101,117.12. Following the acquisition, the chief financial officer directly owned 2,992 shares in the company, valued at approximately $1,454,530.88. This represents a 7.47% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 1.42% of the stock is currently owned by insiders.

Valmont Industries Stock Performance

NYSE VMI opened at $486.94 on Friday. The stock has a market capitalization of $9.40 billion, a price-to-earnings ratio of 18.96, a PEG ratio of 1.11 and a beta of 1.35. The business's 50 day moving average is $524.20 and its two-hundred day moving average is $485.67. Valmont Industries, Inc. has a 12-month low of $360.41 and a 12-month high of $585.71. The company has a current ratio of 2.35, a quick ratio of 1.55 and a debt-to-equity ratio of 0.42.

Valmont Industries (NYSE:VMI - Get Free Report) last posted its quarterly earnings results 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. Valmont Industries had a return on equity of 25.57% and a net margin of 11.70%.The business had revenue of $1.12 billion during the quarter, compared to analysts' expectations of $1.09 billion. During the same period last year, the firm earned $4.88 EPS. The company's quarterly revenue was up 6.5% compared to the same quarter last year. Research analysts expect that Valmont Industries, Inc. will post 23.08 EPS for the current year.

Valmont Industries Dividend Announcement

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

Wall Street Analyst Weigh In

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

Valmont Industries Company 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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