US Bancorp DE Sells 31,139 Shares of Valmont Industries, Inc. $VMI

US Bancorp DE trimmed its stake in shares of Valmont Industries, Inc. (NYSE:VMI) by 78.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,526 shares of the industrial products company’s stock after selling 31,139 shares during the quarter. US Bancorp DE’s holdings in Valmont Industries were worth $2,784,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Principal Financial Group Inc. grew its stake in 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 worth $13,289,000 after purchasing an additional 172 shares during the period. GAMMA Investing LLC grew its stake in Valmont Industries by 82.3% during the first quarter. GAMMA Investing LLC now owns 226 shares of the industrial products company’s stock worth $64,000 after purchasing an additional 102 shares during the period. Wealth Enhancement Advisory Services LLC grew its stake in 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 worth $736,000 after purchasing an additional 393 shares during the period. Janney Montgomery Scott LLC grew 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 worth $425,000 after purchasing an additional 207 shares during the period. Finally, Crossmark Global Holdings Inc. acquired a new stake in Valmont Industries during the first quarter worth approximately $317,000. 87.84% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Valmont Industries

In other news, CAO Timothy P. Francis sold 2,867 shares of the firm’s stock in a transaction that occurred on 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 transaction, the chief accounting officer owned 9,746 shares in the company, valued at $3,494,135.92. This trade represents a 22.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.50% of the stock is owned by corporate insiders.

Valmont Industries Stock Up 1.4%

VMI stock opened at $402.94 on Wednesday. Valmont Industries, Inc. has a twelve month low of $250.07 and a twelve month high of $411.17. The company has a quick ratio of 1.44, a current ratio of 2.15 and a debt-to-equity ratio of 0.48. The stock’s 50 day moving average is $378.82 and its 200-day moving average is $338.35. The firm has a market capitalization of $7.95 billion, a PE ratio of 37.52 and a beta of 1.15.

Valmont Industries (NYSE:VMI) last posted its earnings results on Tuesday, July 22nd. The industrial products company reported $4.88 earnings per share for the quarter, beating analysts’ consensus estimates of $4.78 by $0.10. Valmont Industries had a return on equity of 22.10% and a net margin of 5.98%.The company had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same quarter last year, the company earned $4.91 earnings per share. The company’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. Sell-side analysts expect that Valmont Industries, Inc. will post 18.07 EPS for the current fiscal year.

Valmont Industries Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Valmont Industries in a research note on Wednesday, October 8th. Stifel Nicolaus raised their target price on Valmont Industries from $345.00 to $382.00 and gave the stock a “buy” rating in a research note on Monday, July 21st. DA Davidson raised their target price on Valmont Industries from $380.00 to $400.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 23rd. Wall Street Zen cut Valmont Industries from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, JPMorgan Chase & Co. assumed coverage on Valmont Industries in a research note on Friday, September 26th. They set an “overweight” rating and a $480.00 target price for the company. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, Valmont Industries currently has an average rating of “Moderate Buy” and a consensus price target of $420.67.

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.