Vontobel Holding Ltd. Sells 5,508 Shares of Valmont Industries, Inc. $VMI

Key Points

• Vontobel Holding reduced its Valmont Industries stake by 43.9% in the third quarter, selling 5,508 shares and retaining 7,027 shares valued at approximately $3.25 million.
• Valmont shares opened at $444.30, below their 50-day and 200-day moving averages. The company reported quarterly EPS of $6.14, beating estimates, while revenue rose 6.5% year over year to $1.12 billion.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $587, while Valmont pays a quarterly dividend of $0.77, equivalent to a 0.7% yield.

Vontobel Holding Ltd. lessened its position in shares of Valmont Industries, Inc. (NYSE:VMI - Free Report) by 43.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,027 shares of the industrial products company's stock after selling 5,508 shares during the quarter. Vontobel Holding Ltd.'s holdings in Valmont Industries were worth $3,253,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the business. V Square Quantitative Management LLC bought a new stake in shares of Valmont Industries in the 3rd quarter worth about $49,000. Ninety One UK Ltd raised its holdings in shares of Valmont Industries by 4.6% in the third quarter. Ninety One UK Ltd now owns 198,650 shares of the industrial products company's stock worth $91,971,000 after buying an additional 8,651 shares during the period. NorthCrest Asset Manangement LLC boosted its holdings in Valmont Industries by 18.1% during the 3rd quarter. NorthCrest Asset Manangement LLC now owns 2,396 shares of the industrial products company's stock valued at $1,123,000 after acquiring an additional 368 shares during the period. GK Wealth Management LLC purchased a new stake in Valmont Industries in the third quarter worth $127,000. Finally, Wedmont Private Capital increased its stake in Valmont Industries by 9.9% in the 3rd quarter. Wedmont Private Capital now owns 720 shares of the industrial products company's stock worth $337,000 after buying an additional 65 shares during the period. Institutional investors own 87.84% of the company's stock.

Valmont Industries Trading Down 0.1%

Shares of Valmont Industries stock opened at $444.30 on Monday. The firm has a fifty day moving average price of $475.97 and a 200 day moving average price of $495.19. The stock has a market cap of $8.58 billion, a PE ratio of 17.30, a price-to-earnings-growth ratio of 1.02 and a beta of 1.34. 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, Inc. has a 1 year low of $378.02 and a 1 year high of $585.71.

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 for the quarter, beating 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 quarterly revenue was up 6.5% on a year-over-year basis. During the same period in the previous year, the firm earned $4.88 EPS. Equities research analysts predict that Valmont Industries, Inc. will post 23.03 earnings per share for the current year.

Valmont Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Friday, September 25th were issued a $0.77 dividend. This represents a $3.08 annualized dividend and a yield of 0.7%. The ex-dividend date was Friday, September 25th. Valmont Industries's payout ratio is presently 11.99%.

Analyst Upgrades and Downgrades

Several research firms have commented on VMI. Wall Street Zen downgraded Valmont Industries from a "buy" rating to a "hold" rating in a report on Saturday, October 10th. Zacks Research lowered shares of Valmont Industries from a "strong-buy" rating to a "hold" rating in a report on Monday, July 20th. Stifel Nicolaus increased their price objective on shares of Valmont Industries from $645.00 to $678.00 and gave the company a "buy" rating in a research note on Monday, July 20th. JPMorgan Chase & Co. upped their price objective on Valmont Industries from $600.00 to $620.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 22nd. Finally, Weiss Ratings upgraded shares of Valmont Industries from a "buy (b-)" rating to a "buy (b)" rating in a research note on Thursday, October 8th. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $587.00.

Insider Activity

In other Valmont Industries news, Director Theodor Freye sold 800 shares of the stock in a transaction dated 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 sale, the director owned 2,805 shares in the company, valued at approximately $1,388,475. This represents a 22.19% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO John L. Schwietz bought 208 shares of the firm's stock in a transaction on Thursday, July 23rd. The stock was acquired at an average cost of $486.14 per share, for a total transaction of $101,117.12. Following the completion of the purchase, 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. Insiders own 1.42% of the company's stock.

Valmont Industries Profile

Valmont Industries, Inc is a global manufacturer of engineered products and services that support infrastructure, agriculture and industrial applications. Founded in 1946 and headquartered in Omaha, Nebraska, the company serves customers in North America and international markets.

Its infrastructure businesses produce utility poles and structures, towers, steel and aluminum structures, lighting and traffic-support systems, and other products used in electrical transmission and distribution, telecommunications, transportation and commercial development.

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