Valmont Industries, Inc. (NYSE:VMI) Shares Acquired by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. increased its position in shares of Valmont Industries, Inc. (NYSE:VMI) by 2,981.8% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 678 shares of the industrial products company’s stock after buying an additional 656 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Valmont Industries were worth $186,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in VMI. Mather Group LLC. raised its position in Valmont Industries by 2,060.0% in the second quarter. Mather Group LLC. now owns 108 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 103 shares during the period. Versant Capital Management Inc acquired a new position in Valmont Industries in the second quarter valued at about $52,000. Meeder Asset Management Inc. purchased a new position in Valmont Industries during the first quarter worth about $66,000. First Horizon Advisors Inc. increased its position in shares of Valmont Industries by 58.0% during the second quarter. First Horizon Advisors Inc. now owns 248 shares of the industrial products company’s stock valued at $68,000 after acquiring an additional 91 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Valmont Industries in the 1st quarter valued at approximately $122,000. 87.84% of the stock is currently owned by hedge funds and other institutional investors.

Valmont Industries Price Performance

Valmont Industries stock opened at $293.04 on Friday. The company has a quick ratio of 1.63, a current ratio of 2.53 and a debt-to-equity ratio of 0.69. Valmont Industries, Inc. has a 52-week low of $188.63 and a 52-week high of $307.67. The firm has a market cap of $5.92 billion, a PE ratio of 38.61 and a beta of 1.02. The company’s 50 day moving average is $282.07 and its two-hundred day moving average is $262.60.

Valmont Industries (NYSE:VMI) last announced its quarterly earnings data on Wednesday, July 24th. The industrial products company reported $4.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.04 by $0.72. The business had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.06 billion. Valmont Industries had a return on equity of 23.30% and a net margin of 4.09%. On average, research analysts expect that Valmont Industries, Inc. will post 16.76 EPS for the current fiscal year.

Valmont Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Friday, September 27th will be given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date of this dividend is Friday, September 27th. Valmont Industries’s dividend payout ratio is presently 31.62%.

Insider Buying and Selling

In related news, Director Theodor Werner Freye sold 1,600 shares of Valmont Industries stock in a transaction that occurred on Wednesday, July 31st. The shares were 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 trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Valmont Industries news, Director Theodor Werner Freye sold 1,600 shares of the firm’s 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 sale, the director now directly owns 3,685 shares in the company, valued at $1,105,942.20. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Timothy P. Francis sold 2,300 shares of Valmont Industries stock in a transaction dated Tuesday, July 30th. The stock was sold at an average price of $298.49, for a total value of $686,527.00. Following the sale, the chief financial officer now directly owns 9,471 shares of the company’s stock, valued at $2,826,998.79. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on VMI shares. Stifel Nicolaus increased their price objective on shares of Valmont Industries from $285.00 to $325.00 and gave the stock a “buy” rating in a research report on Thursday, July 18th. StockNews.com raised Valmont Industries from a “buy” rating to a “strong-buy” rating in a research note on Monday, August 12th. Finally, DA Davidson increased their target price on Valmont Industries from $300.00 to $340.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. One investment analyst has rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Buy” and an average price target of $332.50.

Valmont Industries Company 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.