Texas Permanent School Fund Corp Acquires 3,816 Shares of Valmont Industries, Inc. $VMI

Texas Permanent School Fund Corp increased its holdings in Valmont Industries, Inc. (NYSE:VMI) by 26.0% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 18,484 shares of the industrial products company’s stock after buying an additional 3,816 shares during the period. Texas Permanent School Fund Corp owned about 0.09% of Valmont Industries worth $6,036,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the stock. Norges Bank purchased a new position in shares of Valmont Industries in the 2nd quarter valued at $77,860,000. Invesco Ltd. lifted its stake in shares of Valmont Industries by 83.5% during the 2nd quarter. Invesco Ltd. now owns 390,615 shares of the industrial products company’s stock worth $127,563,000 after purchasing an additional 177,749 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in Valmont Industries by 759.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 172,967 shares of the industrial products company’s stock valued at $49,361,000 after purchasing an additional 152,832 shares in the last quarter. AQR Capital Management LLC grew its stake in Valmont Industries by 258.6% in the second quarter. AQR Capital Management LLC now owns 129,192 shares of the industrial products company’s stock valued at $42,190,000 after purchasing an additional 93,163 shares during the last quarter. Finally, Qube Research & Technologies Ltd grew its stake in Valmont Industries by 179.6% in the second quarter. Qube Research & Technologies Ltd now owns 117,342 shares of the industrial products company’s stock valued at $38,320,000 after purchasing an additional 75,377 shares during the last quarter. 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 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 sale, the insider owned 7,286 shares of the company’s stock, valued at $2,992,214.48. The trade was a 4.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.50% of the stock is currently owned by insiders.

Valmont Industries Trading Down 0.4%

NYSE VMI opened at $410.24 on Wednesday. The company has a fifty day simple moving average of $407.47 and a two-hundred day simple moving average of $374.23. The stock has a market cap of $8.08 billion, a P/E ratio of 35.34 and a beta of 1.20. Valmont Industries, Inc. has a 12-month low of $250.07 and a 12-month high of $432.68. The company has a current ratio of 2.26, a quick ratio of 1.50 and a debt-to-equity ratio of 0.46.

Valmont Industries (NYSE:VMI) last released its earnings results on Tuesday, October 21st. The industrial products company reported $4.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.64 by $0.34. The firm had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.03 billion. Valmont Industries had a return on equity of 22.92% and a net margin of 6.33%.The firm’s revenue was up 2.5% on a year-over-year basis. During the same period in the prior year, the firm earned $4.11 EPS. Valmont Industries has set its FY 2025 guidance at 18.700-19.50 EPS. On average, analysts forecast that Valmont Industries, Inc. will post 18.07 earnings per share for the current year.

Valmont Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Friday, December 26th will be issued a $0.68 dividend. The ex-dividend date of this dividend is Friday, December 26th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 0.7%. Valmont Industries’s dividend payout ratio is currently 23.43%.

Wall Street Analysts Forecast Growth

VMI has been the subject of several analyst reports. 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 reissued a “hold (c+)” rating on shares of Valmont Industries in a research report on Monday. DA Davidson raised their target price on shares of Valmont Industries from $400.00 to $415.00 and gave the company a “neutral” rating in a research note on Wednesday, October 22nd. JPMorgan Chase & Co. started coverage on Valmont Industries in a research report on Friday, September 26th. They set an “overweight” rating and a $480.00 price target on the stock. Finally, Stifel Nicolaus increased their price objective on Valmont Industries from $475.00 to $491.00 and gave the company a “buy” rating in a report on Tuesday. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $462.00.

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.