Global Retirement Partners LLC Increases Stake in Valmont Industries, Inc. $VMI

Global Retirement Partners LLC increased its holdings in shares of Valmont Industries, Inc. (NYSE:VMI) by 12,712.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,025 shares of the industrial products company’s stock after purchasing an additional 1,017 shares during the period. Global Retirement Partners LLC’s holdings in Valmont Industries were worth $412,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Community Bank N.A. bought a new stake in Valmont Industries during the third quarter valued at about $25,000. Elyxium Wealth LLC acquired a new stake in shares of Valmont Industries during the fourth quarter worth $27,000. Leonteq Securities AG acquired a new stake in shares of Valmont Industries during the fourth quarter worth about $30,000. Abich Financial Wealth Management LLC acquired a new stake in shares of Valmont Industries during the third quarter worth about $36,000. Finally, Montag A & Associates Inc. lifted its position in Valmont Industries by 1,428.6% during the fourth quarter. Montag A & Associates Inc. now owns 107 shares of the industrial products company’s stock valued at $43,000 after purchasing an additional 100 shares during the period. Institutional investors own 87.84% of the company’s stock.

Wall Street Analyst Weigh In

VMI has been the subject of a number of analyst reports. Weiss Ratings raised Valmont Industries from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, May 21st. DA Davidson upped their price target on shares of Valmont Industries from $415.00 to $450.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 18th. Wall Street Zen downgraded Valmont Industries from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 23rd. Zacks Research upgraded shares of Valmont Industries from a “hold” rating to a “strong-buy” rating in a report on Thursday, April 23rd. Finally, JPMorgan Chase & Co. raised their target price on Valmont Industries from $480.00 to $510.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 18th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $525.25.

Insider Transactions at Valmont Industries

In related news, Director Mogens C. Bay sold 17,500 shares of the company’s stock in a transaction that occurred on Friday, April 24th. The stock was sold at an average price of $492.34, for a total value of $8,615,950.00. Following the completion of the transaction, the director directly owned 112,309 shares of the company’s stock, valued at $55,294,213.06. This represents a 13.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.42% of the stock is owned by company insiders.

Valmont Industries Stock Performance

Shares of Valmont Industries stock opened at $525.63 on Friday. Valmont Industries, Inc. has a one year low of $310.00 and a one year high of $535.32. The company has a market cap of $10.20 billion, a PE ratio of 29.19 and a beta of 1.36. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.59 and a current ratio of 2.38. The business has a 50-day simple moving average of $458.46 and a 200-day simple moving average of $439.53.

Valmont Industries (NYSE:VMI) last issued its earnings results on Tuesday, April 21st. The industrial products company reported $5.51 EPS for the quarter, topping analysts’ consensus estimates of $4.72 by $0.79. The firm had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $994.85 million. Valmont Industries had a net margin of 8.91% and a return on equity of 24.94%. The company’s revenue was up 6.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.32 earnings per share. On average, equities research analysts forecast that Valmont Industries, Inc. will post 22.78 EPS for the current fiscal year.

Valmont Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Friday, June 26th will be issued a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend is Friday, June 26th. Valmont Industries’s dividend payout ratio is 17.10%.

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.