Impax Asset Management Group plc Buys 2,500 Shares of Valmont Industries, Inc. $VMI

Impax Asset Management Group plc increased its stake in shares of Valmont Industries, Inc. (NYSE:VMI) by 0.8% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 313,588 shares of the industrial products company’s stock after acquiring an additional 2,500 shares during the period. Impax Asset Management Group plc’s holdings in Valmont Industries were worth $102,408,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. WPG Advisers LLC bought a new stake in shares of Valmont Industries during the 1st quarter worth approximately $27,000. Smartleaf Asset Management LLC grew its stake in shares of Valmont Industries by 87.7% in the first quarter. Smartleaf Asset Management LLC now owns 107 shares of the industrial products company’s stock valued at $31,000 after buying an additional 50 shares in the last quarter. Parkside Financial Bank & Trust increased its holdings in Valmont Industries by 93.9% during the second quarter. Parkside Financial Bank & Trust now owns 128 shares of the industrial products company’s stock worth $42,000 after buying an additional 62 shares during the last quarter. Geneos Wealth Management Inc. raised its position in Valmont Industries by 223.4% during the first quarter. Geneos Wealth Management Inc. now owns 152 shares of the industrial products company’s stock worth $43,000 after acquiring an additional 105 shares in the last quarter. Finally, Ameritas Advisory Services LLC acquired a new stake in Valmont Industries in the second quarter valued at $46,000. 87.84% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Valmont Industries in a research note on Wednesday, October 8th. Wall Street Zen upgraded Valmont Industries from a “hold” rating to a “buy” rating in a report on Sunday, October 19th. JPMorgan Chase & Co. initiated coverage on Valmont Industries in a research note on Friday, September 26th. They issued an “overweight” rating and a $480.00 price objective on the stock. DA Davidson lifted their target price on 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 increased 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 stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $448.33.

Valmont Industries Stock Performance

VMI opened at $410.56 on Thursday. 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 business has a fifty day simple moving average of $395.28 and a 200 day simple moving average of $357.92. Valmont Industries, Inc. has a 1 year low of $250.07 and a 1 year high of $427.81. The company has a market capitalization of $8.09 billion, a PE ratio of 35.36 and a beta of 1.21.

Valmont Industries (NYSE:VMI) last posted its quarterly earnings data on Tuesday, October 21st. The industrial products company reported $4.98 earnings per share for the quarter, topping the consensus estimate of $4.64 by $0.34. Valmont Industries had a return on equity of 22.92% and a net margin of 6.33%.The firm had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.03 billion. During the same quarter last year, the business earned $4.11 EPS. The company’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. Research analysts expect that Valmont Industries, Inc. will post 18.07 EPS for the current year.

Valmont Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Friday, December 26th will be issued a dividend of $0.68 per share. 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%.

Insider Buying and Selling at Valmont Industries

In related news, insider James Christopher Colwell sold 375 shares of the business’s stock in a transaction that occurred on Thursday, October 23rd. The stock was sold at an average price of $410.68, for a total value of $154,005.00. Following the completion of 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 1.50% of the company’s stock.

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.