Savant Capital LLC Makes New $378,000 Investment in Valmont Industries, Inc. $VMI

Savant Capital LLC acquired a new stake in Valmont Industries, Inc. (NYSE:VMI) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 1,158 shares of the industrial products company’s stock, valued at approximately $378,000.

A number of other hedge funds have also recently made changes to their positions in VMI. WPG Advisers LLC bought a new stake in shares of Valmont Industries during the first quarter worth about $27,000. Smartleaf Asset Management LLC lifted its position in 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 acquiring an additional 50 shares in the last quarter. Geneos Wealth Management Inc. boosted its stake in Valmont Industries by 223.4% during 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 during the last quarter. Ameritas Advisory Services LLC bought a new stake in Valmont Industries during the 2nd quarter worth approximately $46,000. Finally, Mirae Asset Global Investments Co. Ltd. bought a new stake in Valmont Industries during the 2nd quarter worth approximately $47,000. 87.84% of the stock is currently owned by institutional investors and hedge funds.

Valmont Industries Trading Down 0.2%

NYSE VMI opened at $397.55 on Monday. The business’s fifty day moving average is $396.11 and its 200-day moving average is $359.83. 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 stock has a market capitalization of $7.83 billion, a price-to-earnings ratio of 34.24 and a beta of 1.21. Valmont Industries, Inc. has a one year low of $250.07 and a one year high of $427.81.

Valmont Industries (NYSE:VMI) last posted 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. 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%. The firm’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $4.11 earnings per share. Valmont Industries has set its FY 2025 guidance at 18.700-19.50 EPS. Equities research analysts predict that Valmont Industries, Inc. will post 18.07 EPS for the current year.

Valmont Industries Dividend Announcement

The company 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 $0.68 dividend. The ex-dividend date is Friday, December 26th. This represents a $2.72 annualized dividend and a yield of 0.7%. Valmont Industries’s dividend payout ratio is presently 23.43%.

Wall Street Analyst Weigh In

VMI has been the topic of a number of recent research reports. Wall Street Zen upgraded Valmont Industries from a “hold” rating to a “buy” rating in a report on Sunday, October 19th. Weiss Ratings reissued a “hold (c+)” rating on shares of Valmont Industries in a research report on Thursday. DA Davidson raised 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. Stifel Nicolaus lifted their price objective on shares of Valmont Industries from $400.00 to $450.00 and gave the stock a “buy” rating in a report on Monday, October 20th. Finally, JPMorgan Chase & Co. started coverage on shares of Valmont Industries in a research note on Friday, September 26th. They issued an “overweight” rating and a $480.00 target price for the company. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, Valmont Industries currently has a consensus rating of “Moderate Buy” and an average target price of $448.33.

Insider Transactions at Valmont Industries

In other Valmont Industries news, insider James Christopher Colwell sold 375 shares of the business’s stock in a transaction 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 sale, the insider directly owned 7,286 shares in the company, valued at $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 available through the SEC website. 1.50% of the stock is owned by corporate insiders.

About Valmont Industries

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.