Bridges Investment Management Inc. Increases Holdings in Valmont Industries, Inc. (NYSE:VMI)

Bridges Investment Management Inc. boosted its position in Valmont Industries, Inc. (NYSE:VMI) by 15.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,738 shares of the industrial products company’s stock after buying an additional 495 shares during the quarter. Bridges Investment Management Inc.’s holdings in Valmont Industries were worth $1,026,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of VMI. Norden Group LLC boosted its stake in shares of Valmont Industries by 1,353.5% in the 1st quarter. Norden Group LLC now owns 23,620 shares of the industrial products company’s stock valued at $5,394,000 after purchasing an additional 21,995 shares in the last quarter. Mather Group LLC. boosted its position in Valmont Industries by 2,060.0% during the second quarter. Mather Group LLC. now owns 108 shares of the industrial products company’s stock valued at $30,000 after buying an additional 103 shares during the period. Congress Asset Management Co. MA increased its holdings in shares of Valmont Industries by 10.6% in the first quarter. Congress Asset Management Co. MA now owns 145,043 shares of the industrial products company’s stock worth $33,110,000 after buying an additional 13,941 shares during the period. Congress Wealth Management LLC DE increased its holdings in shares of Valmont Industries by 11.7% in the first quarter. Congress Wealth Management LLC DE now owns 27,673 shares of the industrial products company’s stock worth $6,317,000 after buying an additional 2,909 shares during the period. Finally, Robeco Schweiz AG boosted its holdings in Valmont Industries by 65.2% during the 4th quarter. Robeco Schweiz AG now owns 150,855 shares of the industrial products company’s stock valued at $35,226,000 after acquiring an additional 59,524 shares during the period. 87.84% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Valmont Industries news, Director Theodor Werner Freye sold 1,600 shares of Valmont Industries stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $300.12, for a total transaction of $480,192.00. Following the sale, the director now directly owns 3,685 shares of the company’s stock, valued at approximately $1,105,942.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Valmont Industries news, Director Theodor Werner Freye sold 1,600 shares of the stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $300.12, for a total value of $480,192.00. Following the completion of the transaction, the director now owns 3,685 shares in the company, valued at $1,105,942.20. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Timothy P. Francis sold 2,300 shares of the business’s stock in a transaction on Tuesday, July 30th. The shares were sold at an average price of $298.49, for a total transaction of $686,527.00. Following the sale, the chief financial officer now owns 9,471 shares in the company, valued at approximately $2,826,998.79. The disclosure for this sale can be found here. 2.00% of the stock is owned by insiders.

Wall Street Analyst Weigh In

VMI has been the topic of a number of analyst reports. Stifel Nicolaus lifted their price target on Valmont Industries from $285.00 to $325.00 and gave the stock a “buy” rating in a research note on Thursday, July 18th. DA Davidson lifted their target price on shares of Valmont Industries from $300.00 to $340.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Finally, StockNews.com raised shares of Valmont Industries from a “buy” rating to a “strong-buy” rating in a research report on Monday, August 12th. One equities research analyst has rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Valmont Industries has a consensus rating of “Buy” and an average target price of $332.50.

Valmont Industries Trading Down 0.8 %

VMI opened at $282.08 on Friday. The firm has a market capitalization of $5.70 billion, a price-to-earnings ratio of 37.16 and a beta of 1.03. Valmont Industries, Inc. has a one year low of $188.63 and a one year high of $307.67. The business has a 50 day simple moving average of $281.51 and a two-hundred day simple moving average of $254.80. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.53 and a quick ratio of 1.63.

Valmont Industries (NYSE:VMI) last announced its earnings results on Wednesday, July 24th. The industrial products company reported $4.76 EPS for the quarter, beating analysts’ consensus estimates of $4.04 by $0.72. The company had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.06 billion. Valmont Industries had a return on equity of 23.30% and a net margin of 4.09%. Analysts predict that Valmont Industries, Inc. will post 16.76 EPS for the current year.

Valmont Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Friday, September 27th will be given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 0.85%. The ex-dividend date is Friday, September 27th. Valmont Industries’s dividend payout ratio is currently 31.62%.

Valmont Industries Profile

Valmont Industries, Inc operates as manufacturer of products and services for infrastructure and agriculture markets in the United States, Australia, Brazil, and internationally. It operates through two segments, Infrastructure and Agriculture. The company manufactures and distributes steel, pre-stressed concrete, composite structures for electrical transmission, substation, and distribution applications; and designs, engineers, and manufactures metal, steel, wood, aluminum, and composite poles and structures for lighting and transportation applications.