Police & Firemen s Retirement System of New Jersey Grows Holdings in Valmont Industries, Inc. $VMI

Police & Firemen s Retirement System of New Jersey lifted its position in shares of Valmont Industries, Inc. (NYSE:VMI) by 5.4% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 7,590 shares of the industrial products company’s stock after buying an additional 391 shares during the quarter. Police & Firemen s Retirement System of New Jersey’s holdings in Valmont Industries were worth $2,479,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Dimensional Fund Advisors LP boosted its position in Valmont Industries by 1.1% during the first quarter. Dimensional Fund Advisors LP now owns 429,900 shares of the industrial products company’s stock worth $122,682,000 after acquiring an additional 4,722 shares during the last quarter. Geode Capital Management LLC raised its holdings in Valmont Industries by 0.4% in the 2nd quarter. Geode Capital Management LLC now owns 354,241 shares of the industrial products company’s stock valued at $115,704,000 after acquiring an additional 1,321 shares during the last quarter. Allianz Asset Management GmbH lifted its stake in shares of Valmont Industries by 2.0% during the 2nd quarter. Allianz Asset Management GmbH now owns 280,361 shares of the industrial products company’s stock worth $91,557,000 after purchasing an additional 5,592 shares during the period. Northern Trust Corp lifted its stake in shares of Valmont Industries by 7.3% during the 1st quarter. Northern Trust Corp now owns 216,253 shares of the industrial products company’s stock worth $61,712,000 after purchasing an additional 14,694 shares during the period. Finally, Vaughan Nelson Investment Management L.P. boosted its holdings in shares of Valmont Industries by 42.9% during the second quarter. Vaughan Nelson Investment Management L.P. now owns 187,765 shares of the industrial products company’s stock worth $61,318,000 after purchasing an additional 56,380 shares during the last quarter. Institutional investors and hedge funds own 87.84% of the company’s stock.

Insider Buying and Selling at Valmont Industries

In other news, insider James Christopher Colwell sold 375 shares of the company’s stock in a transaction on Thursday, October 23rd. The shares were sold at an average price of $410.68, for a total value of $154,005.00. Following the completion of the transaction, the insider directly owned 7,286 shares in the company, valued at approximately $2,992,214.48. This represents a 4.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.50% of the company’s stock.

Valmont Industries Price Performance

Valmont Industries stock opened at $386.95 on Wednesday. The company has a quick ratio of 1.50, a current ratio of 2.26 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $7.62 billion, a P/E ratio of 33.33 and a beta of 1.21. The firm has a fifty day moving average of $396.62 and a 200-day moving average of $361.03. Valmont Industries, Inc. has a 52-week low of $250.07 and a 52-week high of $427.81.

Valmont Industries (NYSE:VMI) last issued its quarterly earnings data on Tuesday, October 21st. The industrial products company reported $4.98 EPS for the quarter, topping analysts’ consensus estimates of $4.64 by $0.34. The company had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.03 billion. Valmont Industries had a return on equity of 22.92% and a net margin of 6.33%.The firm’s quarterly revenue was up 2.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.11 earnings per share. Valmont Industries has set its FY 2025 guidance at 18.700-19.50 EPS. As a group, analysts predict that Valmont Industries, Inc. will post 18.07 EPS for the current year.

Valmont Industries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Friday, December 26th will be given a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Friday, December 26th. Valmont Industries’s payout ratio is presently 23.43%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of Valmont Industries in a research report on Thursday, November 13th. JPMorgan Chase & Co. assumed coverage on shares of Valmont Industries in a report on Friday, September 26th. They set an “overweight” rating and a $480.00 price objective on the stock. Stifel Nicolaus raised their target price on shares of Valmont Industries from $400.00 to $450.00 and gave the stock a “buy” rating in a research report on Monday, October 20th. DA Davidson upped their price target on shares of Valmont Industries from $400.00 to $415.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 22nd. Finally, Wall Street Zen raised shares of Valmont Industries from a “hold” rating to a “buy” rating in a research note on Sunday, October 19th. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Valmont Industries has an average rating of “Moderate Buy” and a consensus price target of $448.33.

About Valmont Industries

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.