Deutsche Bank AG Buys New Shares in Valmont Industries, Inc. $VMI

Key Points

• Deutsche Bank acquired 4,569 shares of Valmont Industries in the second quarter, worth approximately $2.64 million. Institutional investors and hedge funds collectively own 87.84% of the company.
• Valmont exceeded quarterly expectations, reporting $6.14 in adjusted earnings per share versus the $5.80 consensus estimate and $1.12 billion in revenue, up 6.5% year over year.
• The company declared a quarterly dividend of $0.77 per share, equivalent to an annualized $3.08 payout and a 0.6% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $587.

Deutsche Bank AG acquired a new stake in Valmont Industries, Inc. (NYSE:VMI - Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 4,569 shares of the industrial products company's stock, valued at approximately $2,639,000.

Other hedge funds also recently modified their holdings of the company. Vanguard Personalized Indexing Management LLC raised its holdings in Valmont Industries by 0.9% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 2,303 shares of the industrial products company's stock worth $927,000 after purchasing an additional 21 shares during the last quarter. Allen Capital Group LLC raised its position in shares of Valmont Industries by 2.2% during the fourth quarter. Allen Capital Group LLC now owns 1,130 shares of the industrial products company's stock worth $455,000 after purchasing an additional 24 shares during the period. Public Employees Retirement System of Ohio increased its position in shares of Valmont Industries by 0.4% during the third quarter. Public Employees Retirement System of Ohio now owns 7,565 shares of the industrial products company's stock worth $2,933,000 after acquiring an additional 29 shares in the last quarter. Rothschild Investment LLC increased its holdings in Valmont Industries by 7.1% during the 4th quarter. Rothschild Investment LLC now owns 453 shares of the industrial products company's stock worth $182,000 after purchasing an additional 30 shares in the last quarter. Finally, Balefire LLC boosted its position in Valmont Industries by 5.1% during the 1st quarter. Balefire LLC now owns 701 shares of the industrial products company's stock worth $280,000 after acquiring an additional 34 shares during the last quarter. Institutional investors and hedge funds own 87.84% of the company's stock.

Valmont Industries Trading Up 0.7%

VMI opened at $480.48 on Friday. The firm has a market capitalization of $9.28 billion, a PE ratio of 18.71, a P/E/G ratio of 1.09 and a beta of 1.35. Valmont Industries, Inc. has a fifty-two week low of $360.41 and a fifty-two week high of $585.71. The company's 50-day moving average is $517.79 and its 200 day moving average is $486.37. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.35 and a quick ratio of 1.55.

Valmont Industries (NYSE:VMI - Get Free Report) last issued its quarterly earnings results on Tuesday, July 21st. The industrial products company reported $6.14 earnings per share for the quarter, topping analysts' consensus estimates of $5.80 by $0.34. Valmont Industries had a net margin of 11.70% and a return on equity of 25.57%. The company had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same period in the previous year, the firm earned $4.88 EPS. The firm's quarterly revenue was up 6.5% on a year-over-year basis. As a group, research analysts predict that Valmont Industries, Inc. will post 23.08 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 Thursday, October 15th. Investors of record on Friday, September 25th will be paid a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend is Friday, September 25th. Valmont Industries's dividend payout ratio is currently 11.99%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on VMI shares. 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. Stifel Nicolaus increased their price objective on Valmont Industries from $645.00 to $678.00 and gave the stock a "buy" rating in a research report on Monday, July 20th. 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. JPMorgan Chase & Co. boosted their price target on Valmont Industries from $600.00 to $620.00 and gave the company an "overweight" rating in a research note on Wednesday, July 22nd. Finally, Zacks Research downgraded shares of Valmont Industries from a "strong-buy" rating to a "hold" rating in a research report on Monday, July 20th. Four equities 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.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $587.00.

Insider Activity

In other Valmont Industries news, Director Theodor Werner Freye sold 800 shares of the stock in a transaction that occurred on Monday, July 27th. The stock was sold at an average price of $495.00, for a total value of $396,000.00. Following the completion of the sale, the director owned 2,805 shares in the company, valued at approximately $1,388,475. This trade represents a 22.19% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO John L. Schwietz bought 208 shares of the company's stock in a transaction dated Thursday, July 23rd. The stock was bought at an average cost of $486.14 per share, with a total value of $101,117.12. Following the completion of the transaction, the chief financial officer owned 2,992 shares in the company, valued at approximately $1,454,530.88. This trade represents a 7.47% increase in their position. The disclosure for this purchase is available in the SEC filing. 1.42% of the stock is currently owned by corporate insiders.

About Valmont Industries

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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