Bank of New York Mellon Corp Cuts Stake in Valmont Industries, Inc. $VMI

Bank of New York Mellon Corp lessened its holdings in Valmont Industries, Inc. (NYSE:VMI) by 4.9% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 199,671 shares of the industrial products company’s stock after selling 10,371 shares during the period. Bank of New York Mellon Corp owned approximately 1.01% of Valmont Industries worth $65,207,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of VMI. WPG Advisers LLC acquired a new stake in shares of Valmont Industries in the first quarter valued at $27,000. Smartleaf Asset Management LLC increased its holdings in Valmont Industries by 87.7% during the 1st quarter. Smartleaf Asset Management LLC now owns 107 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 50 shares during the period. Geneos Wealth Management Inc. raised its position in Valmont Industries by 223.4% in the 1st quarter. Geneos Wealth Management Inc. now owns 152 shares of the industrial products company’s stock valued at $43,000 after purchasing an additional 105 shares in the last quarter. Ameritas Advisory Services LLC purchased a new position in shares of Valmont Industries in the 2nd quarter valued at about $46,000. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Valmont Industries during the second quarter worth about $47,000. Hedge funds and other institutional investors own 87.84% of the company’s stock.

Valmont Industries Trading Down 0.0%

NYSE VMI opened at $408.08 on Monday. The firm’s fifty day moving average price is $392.69 and its 200 day moving average price is $355.93. Valmont Industries, Inc. has a 12 month low of $250.07 and a 12 month high of $427.81. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.26 and a quick ratio of 1.50. The company has a market capitalization of $8.04 billion, a price-to-earnings ratio of 35.15 and a beta of 1.21.

Valmont Industries (NYSE:VMI) last announced its quarterly earnings results on Tuesday, October 21st. The industrial products company reported $4.98 earnings per share 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 firm had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.03 billion. During the same period in the previous year, the company earned $4.11 earnings per share. Valmont Industries’s quarterly revenue was up 2.5% compared to the same quarter last year. Valmont Industries has set its FY 2025 guidance at 18.700-19.50 EPS. On average, sell-side analysts expect that Valmont Industries, Inc. will post 18.07 earnings per share for the current fiscal year.

Valmont Industries Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Friday, December 26th will be paid 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 is Friday, December 26th. Valmont Industries’s dividend payout ratio (DPR) is currently 23.43%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on VMI shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Valmont Industries in a report on Wednesday, October 8th. JPMorgan Chase & Co. began coverage on shares of Valmont Industries in a research report on Friday, September 26th. They issued an “overweight” rating and a $480.00 price objective on the stock. Wall Street Zen raised shares of Valmont Industries from a “hold” rating to a “buy” rating in a research report on Sunday, October 19th. DA Davidson boosted 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, Stifel Nicolaus raised their price target on Valmont Industries from $400.00 to $450.00 and gave the company a “buy” rating in a research note on Monday, October 20th. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Valmont Industries presently has a consensus rating of “Moderate Buy” and a consensus target price of $448.33.

Insider Buying and Selling

In other Valmont Industries news, insider James Christopher Colwell sold 375 shares of Valmont Industries stock in a transaction that occurred on Thursday, October 23rd. The stock was sold at an average price of $410.68, for a total transaction of $154,005.00. Following the transaction, the insider owned 7,286 shares of the company’s stock, valued at $2,992,214.48. The trade was a 4.89% decrease in their ownership of the stock. The transaction was disclosed in a 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.