734 Shares in Valmont Industries, Inc. $VMI Bought by Vestmark Advisory Solutions Inc.

Vestmark Advisory Solutions Inc. acquired a new stake in shares of Valmont Industries, Inc. (NYSE:VMI) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 734 shares of the industrial products company’s stock, valued at approximately $240,000.

Several other institutional investors and hedge funds also recently made changes to their positions in VMI. Alps Advisors Inc. bought a new stake in Valmont Industries in the 1st quarter worth about $314,000. Cerity Partners LLC bought a new position in Valmont Industries during the first quarter worth about $207,000. New York State Common Retirement Fund increased its stake in shares of Valmont Industries by 9.3% in the first quarter. New York State Common Retirement Fund now owns 11,726 shares of the industrial products company’s stock worth $3,346,000 after purchasing an additional 1,000 shares in the last quarter. Signaturefd LLC raised its position in shares of Valmont Industries by 23.9% in the first quarter. Signaturefd LLC now owns 270 shares of the industrial products company’s stock valued at $77,000 after purchasing an additional 52 shares during the period. Finally, Segall Bryant & Hamill LLC lifted its stake in shares of Valmont Industries by 3.4% during the 1st quarter. Segall Bryant & Hamill LLC now owns 299,901 shares of the industrial products company’s stock valued at $85,583,000 after buying an additional 9,979 shares in the last quarter. Hedge funds and other institutional investors own 87.84% of the company’s stock.

Valmont Industries Stock Down 0.3%

VMI stock opened at $409.09 on Thursday. The business’s 50-day moving average is $395.28 and its two-hundred day moving average is $357.92. Valmont Industries, Inc. has a fifty-two week low of $250.07 and a fifty-two week high of $427.81. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.50 and a current ratio of 2.26. The company has a market cap of $8.06 billion, a price-to-earnings ratio of 35.20 and a beta of 1.21.

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

Valmont Industries Dividend Announcement

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

Insiders Place Their Bets

In other Valmont Industries news, insider James Christopher Colwell sold 375 shares of Valmont Industries 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 sale, the insider directly owned 7,286 shares in the company, valued at approximately $2,992,214.48. The trade was a 4.89% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Wall Street Zen upgraded Valmont Industries from a “hold” rating to a “buy” rating in a research report on Sunday, October 19th. Stifel Nicolaus upped their price target on Valmont Industries from $400.00 to $450.00 and gave the company a “buy” rating in a research report on Monday, October 20th. Weiss Ratings reissued a “hold (c)” rating on shares of Valmont Industries in a report on Wednesday, October 8th. DA Davidson increased their target price on shares of Valmont Industries from $400.00 to $415.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 22nd. Finally, JPMorgan Chase & Co. started coverage on shares of Valmont Industries in a report on Friday, September 26th. They issued an “overweight” rating and a $480.00 price target on the stock. 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 target price of $448.33.

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.