Ieq Capital LLC Invests $9.52 Million in Valmont Industries, Inc. $VMI

Key Points

• Ieq Capital initiated a $9.52 million position in Valmont Industries, purchasing 16,486 shares. Institutional investors collectively own 87.84% of the company.
• Analysts maintain a generally positive outlook, with four Buy ratings and two Holds; Valmont has an average “Moderate Buy” rating and a consensus price target of $587.
• Valmont exceeded quarterly expectations with $6.14 EPS on $1.12 billion in revenue, while revenue grew 6.5% year over year. The company also declared a quarterly dividend of $0.77 per share, representing a 0.6% yield.

Ieq Capital LLC bought a new position in Valmont Industries, Inc. (NYSE:VMI - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 16,486 shares of the industrial products company's stock, valued at approximately $9,522,000. Ieq Capital LLC owned 0.09% of Valmont Industries as of its most recent filing with the SEC.

Other institutional investors have also bought and sold shares of the company. Vaughan Nelson Investment Management L.P. raised its stake in Valmont Industries by 3.7% during the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 252,605 shares of the industrial products company's stock valued at $100,933,000 after purchasing an additional 9,130 shares during the period. Avalon Trust Co bought a new position in Valmont Industries in the 2nd quarter worth approximately $22,958,000. Congruence Capital LLC purchased a new stake in Valmont Industries during the 4th quarter valued at approximately $15,011,000. Leuthold Group LLC raised its position in shares of Valmont Industries by 983.7% during the fourth quarter. Leuthold Group LLC now owns 11,498 shares of the industrial products company's stock valued at $4,626,000 after buying an additional 10,437 shares during the last quarter. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new position in shares of Valmont Industries in the fourth quarter worth $1,785,000. Hedge funds and other institutional investors own 87.84% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Zacks Research downgraded shares of Valmont Industries from a "strong-buy" rating to a "hold" rating in a report on Monday, July 20th. Stifel Nicolaus lifted their target price on Valmont Industries from $645.00 to $678.00 and gave the stock a "buy" rating in a report on Monday, July 20th. JPMorgan Chase & Co. boosted their target price on Valmont Industries from $600.00 to $620.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 22nd. Oppenheimer set a $600.00 price target on Valmont Industries and gave the company an "outperform" rating in a research note on Thursday, May 28th. Finally, Wall Street Zen cut Valmont Industries from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 8th. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Valmont Industries presently has an average rating of "Moderate Buy" and an average target price of $587.00.

Insider Buying and Selling

In other Valmont Industries news, CFO John L. Schwietz acquired 208 shares of the company's stock in a transaction that occurred on Thursday, July 23rd. The stock was bought at an average price of $486.14 per share, for a total transaction of $101,117.12. Following the acquisition, the chief financial officer directly owned 2,992 shares in the company, valued at $1,454,530.88. The trade was a 7.47% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 value of $396,000.00. Following the completion of the transaction, the director directly owned 2,805 shares in the company, valued at $1,388,475. This trade represents a 22.19% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 1.42% of the company's stock.

Valmont Industries Trading Up 1.1%

Shares of VMI opened at $486.94 on Friday. Valmont Industries, Inc. has a twelve month low of $360.41 and a twelve month high of $585.71. The company has a market cap of $9.40 billion, a P/E ratio of 18.96, a P/E/G ratio of 1.11 and a beta of 1.35. The company has a current ratio of 2.35, a quick ratio of 1.55 and a debt-to-equity ratio of 0.42. The company's fifty day simple moving average is $524.20 and its 200-day simple moving average is $485.67.

Valmont Industries (NYSE:VMI - Get Free Report) last released its earnings results on Tuesday, July 21st. The industrial products company reported $6.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.80 by $0.34. The firm had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.09 billion. Valmont Industries had a net margin of 11.70% and a return on equity of 25.57%. The business's revenue was up 6.5% on a year-over-year basis. During the same quarter last year, the business earned $4.88 EPS. As a group, analysts expect that Valmont Industries, Inc. will post 23.08 EPS for the current year.

Valmont Industries Announces Dividend

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 given a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a dividend yield of 0.6%. The ex-dividend date is Friday, September 25th. Valmont Industries's payout ratio is 11.99%.

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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