Harbor Capital Advisors Inc. Sells 4,391 Shares of Valmont Industries, Inc. $VMI

Harbor Capital Advisors Inc. lessened its holdings in Valmont Industries, Inc. (NYSE:VMI) by 71.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,793 shares of the industrial products company’s stock after selling 4,391 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in Valmont Industries were worth $695,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of VMI. WPG Advisers LLC acquired a new position in Valmont Industries in the first quarter valued at approximately $27,000. Farther Finance Advisors LLC raised its position in shares of Valmont Industries by 357.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 96 shares of the industrial products company’s stock valued at $37,000 after acquiring an additional 75 shares during the last quarter. Smartleaf Asset Management LLC lifted its stake in shares of Valmont Industries by 87.7% in the 1st quarter. Smartleaf Asset Management LLC now owns 107 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 50 shares during the period. Parkside Financial Bank & Trust lifted its stake in shares of Valmont Industries by 93.9% in the 2nd quarter. Parkside Financial Bank & Trust now owns 128 shares of the industrial products company’s stock valued at $42,000 after purchasing an additional 62 shares during the period. Finally, Ameritas Advisory Services LLC acquired a new stake in shares of Valmont Industries during the second quarter worth $46,000. 87.84% of the stock is owned by institutional investors.

Insider Activity at Valmont Industries

In other news, insider James Christopher Colwell sold 375 shares of the company’s stock in a transaction dated Thursday, October 23rd. The stock was sold at an average price of $410.68, for a total transaction of $154,005.00. Following the completion of the transaction, the insider directly owned 7,286 shares of the company’s stock, valued at $2,992,214.48. This represents a 4.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.50% of the stock is currently owned by company insiders.

Valmont Industries Price Performance

NYSE VMI opened at $412.92 on Friday. 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 stock has a market cap of $8.13 billion, a price-to-earnings ratio of 35.57 and a beta of 1.20. The business has a 50 day simple moving average of $409.20 and a 200 day simple moving average of $378.95. Valmont Industries, Inc. has a 52-week low of $250.07 and a 52-week high of $432.68.

Valmont Industries (NYSE:VMI) last released its quarterly earnings results on Tuesday, October 21st. The industrial products company reported $4.98 earnings per share for the quarter, beating the consensus estimate of $4.64 by $0.34. Valmont Industries had a net margin of 6.33% and a return on equity of 22.92%. The company had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.03 billion. During the same quarter in the prior year, the company earned $4.11 earnings per share. The business’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. Analysts anticipate 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. Shareholders of record on Friday, December 26th will be paid a $0.68 dividend. The ex-dividend date of this dividend is Friday, December 26th. This represents a $2.72 annualized dividend and a dividend yield of 0.7%. Valmont Industries’s dividend payout ratio (DPR) is currently 23.43%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on VMI shares. DA Davidson upped their price objective on Valmont Industries from $400.00 to $415.00 and gave the company a “neutral” rating in a report on Wednesday, October 22nd. JPMorgan Chase & Co. started coverage on Valmont Industries in a research note on Friday, September 26th. They issued an “overweight” rating and a $480.00 price target for the company. Wall Street Zen raised shares of Valmont Industries from a “hold” rating to a “buy” rating in a research note on Sunday, October 19th. Stifel Nicolaus boosted their price objective on shares of Valmont Industries from $475.00 to $491.00 and gave the company a “buy” rating in a report on Tuesday, December 16th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Valmont Industries in a report on Monday, December 22nd. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $462.00.

Valmont Industries Profile

Valmont Industries, Inc (NYSE: VMI) is a diversified industrial manufacturer specializing in infrastructure and agricultural products. Headquartered in Omaha, Nebraska, the company engages in the design, production and distribution of engineered products that support water management, power transmission, lighting and traffic infrastructure. Valmont’s solutions range from center-pivot and lateral-move irrigation systems to utility poles, transmission towers, lighting structures and highway traffic signal support structures.

The company operates through several core business segments.