Inspire Investing LLC Buys 2,584 Shares of Valmont Industries, Inc. $VMI

Inspire Investing LLC increased its stake in shares of Valmont Industries, Inc. (NYSE:VMI) by 212.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,803 shares of the industrial products company’s stock after acquiring an additional 2,584 shares during the quarter. Inspire Investing LLC’s holdings in Valmont Industries were worth $1,475,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. WPG Advisers LLC purchased a new stake in shares of Valmont Industries during the first quarter valued at approximately $27,000. Smartleaf Asset Management LLC boosted its position 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 valued at $31,000 after buying an additional 50 shares during the period. Farther Finance Advisors LLC grew its holdings in Valmont Industries by 357.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 96 shares of the industrial products company’s stock worth $37,000 after acquiring an additional 75 shares during the last quarter. Parkside Financial Bank & Trust grew its holdings in Valmont Industries by 93.9% in the 2nd quarter. Parkside Financial Bank & Trust now owns 128 shares of the industrial products company’s stock worth $42,000 after acquiring an additional 62 shares during the last quarter. Finally, Geneos Wealth Management Inc. increased its position in shares of Valmont Industries by 223.4% in the first quarter. Geneos Wealth Management Inc. now owns 152 shares of the industrial products company’s stock valued at $43,000 after acquiring an additional 105 shares during the period. Institutional investors own 87.84% of the company’s stock.

Valmont Industries Trading Up 0.3%

NYSE VMI opened at $417.41 on Friday. The firm has a market capitalization of $8.22 billion, a PE ratio of 35.95 and a beta of 1.20. The stock’s 50 day moving average is $409.03 and its 200 day moving average is $377.94. Valmont Industries, Inc. has a twelve month low of $250.07 and a twelve month high of $432.68. The company has a quick ratio of 1.50, a current ratio of 2.26 and a debt-to-equity ratio of 0.46.

Valmont Industries (NYSE:VMI) last announced its quarterly earnings data on Tuesday, October 21st. The industrial products company reported $4.98 EPS for the quarter, beating 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 business had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.03 billion. During the same quarter last year, the firm posted $4.11 earnings per share. The company’s revenue for the quarter was up 2.5% on a year-over-year basis. Valmont Industries has set its FY 2025 guidance at 18.700-19.50 EPS. Research analysts forecast that Valmont Industries, Inc. will post 18.07 earnings per share for the current fiscal year.

Valmont Industries Announces Dividend

The firm also recently disclosed 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. The ex-dividend date of this dividend is Friday, December 26th. This represents a $2.72 annualized dividend and a yield of 0.7%. Valmont Industries’s payout ratio is presently 23.43%.

Wall Street Analysts Forecast Growth

VMI has been the topic of several recent analyst reports. Stifel Nicolaus raised their target price on Valmont Industries from $475.00 to $491.00 and gave the stock a “buy” rating in a research note on Tuesday, December 16th. Wall Street Zen upgraded 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 Valmont Industries from $400.00 to $415.00 and gave the company a “neutral” rating in a research note on Wednesday, October 22nd. Weiss Ratings restated a “hold (c+)” rating on shares of Valmont Industries in a report on Monday. 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 analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Valmont Industries has an average rating of “Moderate Buy” and an average price target of $462.00.

Insiders Place Their Bets

In other Valmont Industries news, insider James Christopher Colwell sold 375 shares of the firm’s stock in a transaction that occurred on Thursday, October 23rd. The shares were sold at an average price of $410.68, for a total transaction of $154,005.00. Following the completion of the transaction, the insider owned 7,286 shares of the company’s stock, valued at approximately $2,992,214.48. This trade 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 is accessible through this link. Company insiders own 1.50% of the company’s stock.

Valmont Industries Company 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.