Tidal Investments LLC Grows Stock Position in Valmont Industries, Inc. $VMI

Key Points

• Tidal Investments increased its Valmont Industries stake by 33.6% in the second quarter, owning 34,510 shares valued at approximately $19.9 million. Institutional investors collectively own 87.84% of the company.
• Valmont reported quarterly EPS of $6.14, beating estimates of $5.80, while revenue rose 6.5% year over year to $1.12 billion. 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, equivalent to $3.08 annually and a 0.6% yield. Recent insider activity was mixed, with a director selling shares while the CFO purchased 208 shares.

Tidal Investments LLC boosted its position in Valmont Industries, Inc. (NYSE:VMI - Free Report) by 33.6% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 34,510 shares of the industrial products company's stock after acquiring an additional 8,670 shares during the period. Tidal Investments LLC owned 0.18% of Valmont Industries worth $19,933,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Valmont Industries during the 2nd quarter valued at approximately $28,000. Elyxium Wealth LLC purchased a new stake in shares of Valmont Industries during the fourth quarter worth $27,000. Caitong International Asset Management Co. Ltd bought a new position in shares of Valmont Industries in the fourth quarter worth $27,000. Elevation Wealth Partners LLC grew its position in shares of Valmont Industries by 179.2% in the second quarter. Elevation Wealth Partners LLC now owns 67 shares of the industrial products company's stock valued at $39,000 after purchasing an additional 43 shares in the last quarter. Finally, Leonteq Securities AG bought a new stake in shares of Valmont Industries during the 4th quarter valued at $30,000. 87.84% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Theodor Freye sold 800 shares of Valmont Industries 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 sale, the director owned 2,805 shares in the company, valued at $1,388,475. The trade was a 22.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO John Schwietz acquired 208 shares of Valmont Industries stock in a transaction on Thursday, July 23rd. The shares were bought at an average cost of $486.14 per share, for a total transaction 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. Company insiders own 1.42% of the company's stock.

Analyst Upgrades and Downgrades

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

Valmont Industries Stock Performance

Shares of NYSE:VMI opened at $476.80 on Friday. The company has a market cap of $9.21 billion, a price-to-earnings ratio of 18.57, a price-to-earnings-growth ratio of 1.10 and a beta of 1.34. The company has a 50-day moving average price of $498.84 and a 200-day moving average price of $486.91. 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, Inc. has a 12 month low of $361.50 and a 12 month high of $585.71.

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

Valmont Industries Company Profile

Valmont Industries, Inc is a global manufacturer of engineered products and services serving the infrastructure and agricultural markets. Founded in 1946 and headquartered in Omaha, Nebraska, the company operates through its Infrastructure and Agriculture segments.

Valmont's Infrastructure segment provides utility and substation structures, engineered poles, lighting and traffic structures, wireless communication infrastructure, transportation products, and protective coatings for steel and other materials.

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