Ritholtz Wealth Management Buys 1,393 Shares of Valmont Industries, Inc. $VMI

Ritholtz Wealth Management grew its stake in Valmont Industries, Inc. (NYSE:VMI) by 36.2% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,236 shares of the industrial products company’s stock after purchasing an additional 1,393 shares during the quarter. Ritholtz Wealth Management’s holdings in Valmont Industries were worth $2,030,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of VMI. Asset Management One Co. Ltd. increased its position in shares of Valmont Industries by 441.2% during the third quarter. Asset Management One Co. Ltd. now owns 4,941 shares of the industrial products company’s stock valued at $1,916,000 after acquiring an additional 4,028 shares during the last quarter. Mariner Investment Group LLC bought a new position in Valmont Industries in the 2nd quarter valued at $653,000. Ensign Peak Advisors Inc increased its position in shares of Valmont Industries by 32.1% during the 2nd quarter. Ensign Peak Advisors Inc now owns 11,001 shares of the industrial products company’s stock valued at $3,593,000 after purchasing an additional 2,673 shares during the last quarter. Patriot Financial Group Insurance Agency LLC bought a new stake in shares of Valmont Industries during the 2nd quarter worth $510,000. Finally, Covea Finance raised its stake in shares of Valmont Industries by 34.9% during the 3rd quarter. Covea Finance now owns 25,100 shares of the industrial products company’s stock worth $9,732,000 after purchasing an additional 6,500 shares during the period. Hedge funds and other institutional investors own 87.84% of the company’s stock.

Insider Activity

In related news, insider James Christopher Colwell sold 375 shares of Valmont Industries stock in a transaction 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 completion of the sale, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.50% of the company’s stock.

Valmont Industries Stock Up 1.0%

VMI stock opened at $444.50 on Friday. The stock has a 50-day simple moving average of $412.17 and a two-hundred day simple moving average of $389.04. Valmont Industries, Inc. has a twelve month low of $250.07 and a twelve month high of $447.07. The firm has a market capitalization of $8.76 billion, a PE ratio of 38.29 and a beta of 1.20. 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 released its quarterly earnings data 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. The company had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.03 billion. Valmont Industries had a net margin of 6.33% and a return on equity of 22.92%. Valmont Industries’s revenue was up 2.5% compared to the same quarter last year. During the same period last year, the business earned $4.11 earnings per share. Valmont Industries has set its FY 2025 guidance at 18.700-19.50 EPS. On average, equities analysts predict that Valmont Industries, Inc. will post 18.07 EPS for the current fiscal year.

Valmont Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Friday, December 26th were given a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date was Friday, December 26th. Valmont Industries’s dividend payout ratio (DPR) is 23.43%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. JPMorgan Chase & Co. began coverage on shares of Valmont Industries in a report on Friday, September 26th. They set an “overweight” rating and a $480.00 price objective for the company. Wall Street Zen raised shares of Valmont Industries from a “hold” rating to a “buy” rating in a research report on Sunday, October 19th. Weiss Ratings restated a “hold (c+)” rating on shares of Valmont Industries in a research note on Monday, December 29th. DA Davidson upped their price objective on Valmont Industries from $400.00 to $415.00 and gave the company a “neutral” rating in a research note on Wednesday, October 22nd. Finally, 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 report on Tuesday, December 16th. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $462.00.

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.