Value Holdings Management CO. LLC Takes Position in Valmont Industries, Inc. $VMI

Key Points

• Value Holdings Management acquired 33,000 shares of Valmont Industries in the second quarter, worth approximately $19.1 million. The position represents 3.2% of the firm’s portfolio and about 0.17% of Valmont’s outstanding shares.
• Valmont reported strong quarterly results, with earnings of $6.14 per share and revenue of $1.12 billion, exceeding analyst expectations and marking 6.5% year-over-year revenue growth. Institutional investors own 87.84% of the company.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $587. Valmont also declared a quarterly dividend of $0.77 per share, equivalent to a 0.6% yield.

Value Holdings Management CO. LLC purchased a new position in shares of Valmont Industries, Inc. (NYSE:VMI - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 33,000 shares of the industrial products company's stock, valued at approximately $19,061,000. Valmont Industries makes up approximately 3.2% of Value Holdings Management CO. LLC's holdings, making the stock its 11th biggest holding. Value Holdings Management CO. LLC owned approximately 0.17% of Valmont Industries as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in VMI. Millennium Management LLC raised its holdings in Valmont Industries by 225.1% in the first quarter. Millennium Management LLC now owns 67,630 shares of the industrial products company's stock valued at $19,300,000 after acquiring an additional 46,825 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in Valmont Industries by 8.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 59,127 shares of the industrial products company's stock worth $16,873,000 after acquiring an additional 4,676 shares in the last quarter. Empowered Funds LLC acquired a new position in Valmont Industries during the 1st quarter worth $265,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Valmont Industries by 3.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 72,511 shares of the industrial products company's stock worth $20,692,000 after purchasing an additional 2,639 shares during the last quarter. Finally, Geneos Wealth Management Inc. increased its position in shares of Valmont Industries by 223.4% in the 1st quarter. Geneos Wealth Management Inc. now owns 152 shares of the industrial products company's stock worth $43,000 after purchasing an additional 105 shares during the last quarter. Institutional investors own 87.84% of the company's stock.

Insider Activity

In other Valmont Industries news, Director Theodor Werner Freye sold 800 shares of the business's stock in a transaction dated Monday, July 27th. The shares were sold at an average price of $495.00, for a total transaction of $396,000.00. Following the completion of the transaction, the director directly owned 2,805 shares of the company's stock, valued at $1,388,475. The trade was a 22.19% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO John L. Schwietz bought 208 shares of the firm's stock in a transaction on Thursday, July 23rd. The stock was purchased at an average price of $486.14 per share, with a total value of $101,117.12. Following the transaction, the chief financial officer owned 2,992 shares in the company, valued at $1,454,530.88. The trade was a 7.47% increase in their position. The SEC filing for this purchase provides additional information. Company insiders own 1.42% of the company's stock.

Valmont Industries Price Performance

Shares of NYSE VMI opened at $482.94 on Friday. Valmont Industries, Inc. has a 1-year low of $360.41 and a 1-year high of $585.71. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.35 and a quick ratio of 1.55. The business's fifty day moving average price is $525.39 and its two-hundred day moving average price is $485.66. The firm has a market capitalization of $9.33 billion, a PE ratio of 18.81, a P/E/G ratio of 1.10 and a beta of 1.35.

Valmont Industries (NYSE:VMI - Get Free Report) last posted its 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 analysts' expectations of $1.09 billion. During the same period last year, the business posted $4.88 earnings per share. The firm's quarterly revenue was up 6.5% compared to the same quarter last year. On average, research analysts expect that Valmont Industries, Inc. will post 23.08 EPS for the current year.

Valmont Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Friday, September 25th will be given a $0.77 dividend. The ex-dividend date is Friday, September 25th. This represents a $3.08 annualized dividend and a yield of 0.6%. Valmont Industries's dividend payout ratio (DPR) is currently 11.99%.

Analyst Upgrades and Downgrades

VMI has been the topic of several research analyst reports. Oppenheimer set a $600.00 price target on shares of Valmont Industries and gave the stock an "outperform" rating in a research report on Thursday, May 28th. Zacks Research lowered Valmont Industries from a "strong-buy" rating to a "hold" rating in a report on Monday, July 20th. Weiss Ratings cut Valmont Industries from a "buy (b)" rating to a "buy (b-)" rating in a research note on Friday, August 14th. JPMorgan Chase & Co. lifted 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. Finally, Stifel Nicolaus boosted their price target on Valmont Industries from $645.00 to $678.00 and gave the company a "buy" rating in a report on Monday, July 20th. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $587.00.

Valmont Industries 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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