Robeco Institutional Asset Management B.V. Sells 121 Shares of Valmont Industries, Inc. $VMI

Robeco Institutional Asset Management B.V. cut its position in shares of Valmont Industries, Inc. (NYSE:VMI) by 2.1% during the 2nd quarter, HoldingsChannel reports. The firm owned 5,514 shares of the industrial products company’s stock after selling 121 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Valmont Industries were worth $1,801,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Principal Financial Group Inc. boosted its position in shares of Valmont Industries by 0.4% during the first quarter. Principal Financial Group Inc. now owns 46,566 shares of the industrial products company’s stock valued at $13,289,000 after purchasing an additional 172 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Valmont Industries by 82.3% during the first quarter. GAMMA Investing LLC now owns 226 shares of the industrial products company’s stock valued at $64,000 after purchasing an additional 102 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in shares of Valmont Industries by 18.0% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 2,579 shares of the industrial products company’s stock valued at $736,000 after purchasing an additional 393 shares in the last quarter. Janney Montgomery Scott LLC raised its stake in Valmont Industries by 16.1% during the first quarter. Janney Montgomery Scott LLC now owns 1,490 shares of the industrial products company’s stock valued at $425,000 after buying an additional 207 shares during the last quarter. Finally, Crossmark Global Holdings Inc. purchased a new position in Valmont Industries during the first quarter valued at $317,000. 87.84% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on VMI. Wall Street Zen upgraded Valmont Industries from a “hold” rating to a “buy” rating in a research note on Friday, October 3rd. DA Davidson lifted their price objective on Valmont Industries from $380.00 to $400.00 and gave the company a “neutral” rating in a research note on Wednesday, July 23rd. Stifel Nicolaus lifted their price objective on Valmont Industries from $345.00 to $382.00 and gave the company a “buy” rating in a research note on Monday, July 21st. Weiss Ratings reiterated a “hold (c)” rating on shares of Valmont Industries in a research note on Saturday, September 27th. Finally, JPMorgan Chase & Co. started coverage on Valmont Industries in a research note on Friday, September 26th. They set an “overweight” rating and a $480.00 price objective for the company. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Valmont Industries currently has an average rating of “Moderate Buy” and a consensus target price of $420.67.

Valmont Industries Stock Performance

NYSE:VMI opened at $396.67 on Wednesday. The stock has a 50-day simple moving average of $375.23 and a two-hundred day simple moving average of $334.80. Valmont Industries, Inc. has a 52-week low of $250.07 and a 52-week high of $403.87. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.44 and a current ratio of 2.15. The firm has a market capitalization of $7.83 billion, a PE ratio of 36.93 and a beta of 1.15.

Valmont Industries (NYSE:VMI) last released its quarterly earnings results on Tuesday, July 22nd. The industrial products company reported $4.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.78 by $0.10. Valmont Industries had a return on equity of 22.10% and a net margin of 5.98%.The business had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.03 billion. During the same quarter in the previous year, the company posted $4.91 earnings per share. Valmont Industries’s revenue for the quarter was up 1.0% on a year-over-year basis. Valmont Industries has set its FY 2025 guidance at 17.500-19.500 EPS. Analysts forecast that Valmont Industries, Inc. will post 18.07 EPS for the current year.

Valmont Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Friday, September 26th will be paid a $0.68 dividend. The ex-dividend date of this dividend is Friday, September 26th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 0.7%. Valmont Industries’s dividend payout ratio is 25.33%.

Insider Buying and Selling at Valmont Industries

In other news, CAO Timothy P. Francis sold 2,867 shares of the company’s stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $358.52, for a total value of $1,027,876.84. Following the completion of the transaction, the chief accounting officer owned 9,746 shares of the company’s stock, valued at $3,494,135.92. This represents a 22.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.50% of the stock is currently owned by company insiders.

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.