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Valmont Industries (VMI)

Valmont Industries Inc. is a global leader, designing and manufacturing engineered products and services that support global infrastructure development and agricultural productivity. Its products for infrastructure serve highway, transportation, wireless communication, electric transmission, and industrial construction and energy markets. Its irrigation equipment and services for large-scale agriculture improve farm productivity while conserving fresh water resources. In addition, Valmont provides coatings services that protect against corrosion and improve the service life of steel and other metal products.

Company profile

Ticker
VMI
Exchange
Website
CEO
Stephen Kaniewski
Employees
Incorporated
Location
Fiscal year end
SEC CIK
Subsidiaries
AgSense, LLC • Aircon Guardrails Private Limited • Armorflex International Limited • Delta Electrical & Engineering B.V. • Delta Ltd. • George Industries, Inc. • Industrial Galvanizers America Holdings, Inc. • Locker Group Holdings • Matco Sevices, Inc. • PiRod, Inc. ...
IRS number
470351813

VMI stock data

Analyst ratings and price targets

Last 3 months
Current price
Average target
$282.00
Low target
$267.00
High target
$297.00
Stifel
Maintains
Buy
$267.00
18 Jul 22
Roth Capital
Initiated
Buy
$297.00
3 Jun 22

Calendar

27 Jul 22
12 Aug 22
31 Dec 22
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 154.58M 154.58M 154.58M 154.58M 154.58M 154.58M
Cash burn (monthly) (no burn) 3.73M (no burn) (no burn) (no burn) (no burn)
Cash used (since last report) n/a 5.94M n/a n/a n/a n/a
Cash remaining n/a 148.64M n/a n/a n/a n/a
Runway (months of cash) n/a 39.9 n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
2 Aug 22 Stephen G Kaniewski Common Stock Sell Dispose S No No 272.2 100 27.22K 43,844
2 Aug 22 Stephen G Kaniewski Common Stock Sell Dispose S No No 271.59 530 143.94K 43,944
2 Aug 22 Stephen G Kaniewski Common Stock Sell Dispose S No No 270.43 3,562 963.27K 44,474
2 Aug 22 Stephen G Kaniewski Common Stock Sell Dispose S No No 269.42 2,705 728.78K 48,036
2 Aug 22 Stephen G Kaniewski Common Stock Sell Dispose S No No 268.43 5,179 1.39M 50,741
2 Aug 22 Stephen G Kaniewski Common Stock Option exercise Acquire M No No 151.9 12,076 1.83M 55,920
2 Aug 22 Stephen G Kaniewski NQSO Common Stock Option exercise Dispose M No No 151.9 12,076 1.83M 0
27 Jul 22 Milliken James B. Common stock Grant Dispose A No No 255.65 820 209.63K 6,916
29 Jun 22 Diane M Larkin Common Stock Payment of exercise Dispose F No No 222.02 66 14.65K 2,303
28 May 22 Laterreur Claudio Common Stock Payment of exercise Dispose F No No 264.5 8 2.12K 2,436
88.2% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 297 283 +4.9%
Opened positions 33 36 -8.3%
Closed positions 19 34 -44.1%
Increased positions 100 100
Reduced positions 106 98 +8.2%
13F shares Current Prev Q Change
Total value 4.52B 4.61B -2.0%
Total shares 18.84M 18.33M +2.8%
Total puts 13K 3.7K +251.4%
Total calls 6.4K 6.8K -5.9%
Total put/call ratio 2.0 0.5 +273.3%
Largest owners Shares Value Change
Vanguard 1.88M $448.9M -3.6%
BLK Blackrock 1.73M $413.12M +2.0%
FMR 1.22M $290.49M +0.6%
ATAC Neuberger Berman 1.01M $241.53M +3.6%
IPXAF Impax Asset Management 987.88K $235.71M +20.9%
Artisan Partners Limited Partnership 871.51K $207.94M +0.1%
IVZ Invesco 726.94K $173.45M -8.6%
STT State Street 596.01K $142.53M +1.1%
Dimensional Fund Advisors 464.03K $110.72M -1.0%
King Luther Capital Management 425.26K $101.47M -0.0%
Largest transactions Shares Bought/sold Change
Amundi 315.49K +300.15K +1955.7%
JPM JPMorgan Chase & Co. 245.24K +207.37K +547.5%
Norges Bank 0 -179.61K EXIT
IPXAF Impax Asset Management 987.88K +170.85K +20.9%
MCQEF Macquarie 252.09K -112.51K -30.9%
Cramer Rosenthal MCGLYNN 360.89K -81.95K -18.5%
Schroder Investment Management 275.63K -80.81K -22.7%
Vanguard 1.88M -70.83K -3.6%
IVZ Invesco 726.94K -68.1K -8.6%
Harvey Partners 89K +62K +229.6%

Financial report summary

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Competition
AmerityreTelidyne
Risks
  • The ultimate consumers of our products operate in cyclical industries that have been subject to significant downturns which have adversely impacted our sales in the past and may again in the future.
  • Changes in prices and reduced availability of key commodities such as steel, aluminum, zinc, natural gas and fuel may increase our operating costs and likely reduce our net sales and profitability.
  • Demand for our infrastructure products including coating services is highly dependent upon the overall level of infrastructure spending.
  • We are subject to currency fluctuations from our international sales, which can negatively impact our reported earnings.
  • COVID-19 has impacted and is expected to continue to impact our business, including the supply chain, product demand, logistics, and facility operations and the duration, unknown at this time, of the challenges associated with the virus may result in significant adverse effects on our business, financial condition and results of operations.
  • Design patent litigation related to guardrails could reduce demand for such products and raise litigation risk.
  • Failure to comply with any applicable anti-corruption legislation could result in fines, criminal penalties and an adverse effect on our business.
  • We could incur substantial costs as the result of violations of, or liabilities under, environmental laws.
  • We assumed an underfunded pension liability as part of the 2010 Delta acquisition and the combined company may be required to increase funding of the plan and/or be subject to restrictions on the use of excess cash.
  • We face strong competition in our markets.
  • We may not realize the improved operating results that we anticipate from acquisitions we may make in the future, and we may experience difficulties in integrating the acquired businesses or may inherit significant liabilities related to such businesses.
Management Discussion
  • The increase in net sales in 2021, as compared with 2020, was due to higher sales in all segments. The changes in net sales in 2021, as compared with 2020, were as follows:
  •     Volume effects are estimated based on a physical production or sales measure. Since products we sell are not uniform in nature, pricing and mix relate to a combination of changes in sales prices and the attributes of the product sold. Accordingly, pricing and mix changes do not necessarily result in operating income changes.
  •     Average steel prices for both hot rolled coil and plate were higher in 2021, as compared to 2020, contributing to higher cost of sales and lower gross profit margin for the Utility and Irrigation segments and the overall Company as raw material cost inflation was not fully recovered through selling pricing mechanisms.

Content analysis

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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. freshman Avg
New words: Article, assumed, bylaw, Coast, Colorado, conflict, Delaware, electronic, elevated, incorporate, Kingdom, law, macroeconomic, portfolio, robust, stayed, West
Removed: approving, CDC, COVID, decrease, essential, health, incidence, infection, outflow, plant, property, safety, world