Valmont Industries, Inc. (NYSE:VMI – Get Free Report) Director Theodor Werner Freye sold 800 shares of the stock in a transaction that occurred on 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 sale, the director directly owned 2,805 shares of the company’s stock, valued at approximately $1,388,475. This trade represents a 22.19% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Valmont Industries Stock Up 1.3%
Shares of NYSE VMI opened at $482.69 on Friday. The company has a market capitalization of $9.32 billion, a P/E ratio of 18.80, a P/E/G ratio of 1.09 and a beta of 1.33. 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 company has a 50 day simple moving average of $535.66 and a 200-day simple moving average of $480.26. Valmont Industries, Inc. has a 1 year low of $353.41 and a 1 year high of $585.71.
Valmont Industries (NYSE:VMI – Get Free Report) last released its quarterly earnings data on Tuesday, July 21st. The industrial products company reported $6.14 EPS for the quarter, beating analysts’ consensus estimates of $5.80 by $0.34. The firm had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.09 billion. Valmont Industries had a return on equity of 25.57% and a net margin of 11.70%.The firm’s quarterly revenue was up 6.5% on a year-over-year basis. During the same period in the prior year, the firm posted $4.88 earnings per share. On average, equities research analysts predict that Valmont Industries, Inc. will post 22.96 earnings per share for the current year.
Valmont Industries Dividend Announcement
Wall Street Analysts Forecast Growth
A number of analysts recently issued reports on VMI shares. Oppenheimer set a $600.00 price objective on Valmont Industries and gave the stock an “outperform” rating in a research report on Thursday, May 28th. Wall Street Zen raised shares of Valmont Industries from a “buy” rating to a “strong-buy” rating in a research report on Saturday, July 18th. Stifel Nicolaus increased their target price on shares of Valmont Industries from $645.00 to $678.00 and gave the stock a “buy” rating in a research note on Monday, July 20th. JPMorgan Chase & Co. lifted their price target on shares of Valmont Industries from $600.00 to $620.00 and gave the company an “overweight” rating in a research report on Wednesday, July 22nd. Finally, Zacks Research downgraded shares of Valmont Industries from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 20th. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $587.00.
Check Out Our Latest Stock Analysis on Valmont Industries
Hedge Funds Weigh In On Valmont Industries
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Invesco Ltd. increased its stake in Valmont Industries by 8.3% during the third quarter. Invesco Ltd. now owns 422,997 shares of the industrial products company’s stock worth $164,009,000 after purchasing an additional 32,382 shares during the period. Geode Capital Management LLC lifted its position in shares of Valmont Industries by 3.5% during the fourth quarter. Geode Capital Management LLC now owns 369,059 shares of the industrial products company’s stock worth $148,509,000 after purchasing an additional 12,480 shares in the last quarter. Sei Investments Co. boosted its stake in shares of Valmont Industries by 3.1% in the third quarter. Sei Investments Co. now owns 290,948 shares of the industrial products company’s stock valued at $112,809,000 after purchasing an additional 8,715 shares during the period. AQR Capital Management LLC boosted its stake in shares of Valmont Industries by 118.8% in the third quarter. AQR Capital Management LLC now owns 282,610 shares of the industrial products company’s stock valued at $108,884,000 after purchasing an additional 153,418 shares during the period. Finally, Vaughan Nelson Investment Management L.P. grew its holdings in shares of Valmont Industries by 3.7% in the first 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 in the last quarter. 87.84% of the stock is currently owned by hedge funds and other institutional investors.
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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