Valmont Industries, Inc. $VMI Shares Purchased by AlphaQuest LLC

AlphaQuest LLC lifted its holdings in shares of Valmont Industries, Inc. (NYSE:VMI) by 39.1% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,088 shares of the industrial products company’s stock after purchasing an additional 587 shares during the quarter. AlphaQuest LLC’s holdings in Valmont Industries were worth $682,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Envestnet Portfolio Solutions Inc. boosted its holdings in shares of Valmont Industries by 4.7% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 843 shares of the industrial products company’s stock worth $275,000 after purchasing an additional 38 shares during the last quarter. D.B. Root & Company LLC boosted its holdings in shares of Valmont Industries by 1.6% during the second quarter. D.B. Root & Company LLC now owns 2,685 shares of the industrial products company’s stock worth $877,000 after purchasing an additional 41 shares during the last quarter. Beverly Hills Private Wealth LLC boosted its holdings in shares of Valmont Industries by 3.8% during the first quarter. Beverly Hills Private Wealth LLC now owns 1,169 shares of the industrial products company’s stock worth $334,000 after purchasing an additional 43 shares during the last quarter. Smartleaf Asset Management LLC boosted its holdings in shares of Valmont Industries by 87.7% during the first quarter. Smartleaf Asset Management LLC now owns 107 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 50 shares during the last quarter. Finally, Vestcor Inc boosted its holdings in shares of Valmont Industries by 2.0% during the first quarter. Vestcor Inc now owns 2,651 shares of the industrial products company’s stock worth $757,000 after purchasing an additional 51 shares during the last quarter. Institutional investors and hedge funds own 87.84% of the company’s stock.

Valmont Industries Stock Down 0.6%

NYSE:VMI opened at $415.50 on Tuesday. The company has a market capitalization of $8.20 billion, a price-to-earnings ratio of 35.79 and a beta of 1.15. Valmont Industries, Inc. has a one year low of $250.07 and a one year high of $422.83. The stock has a 50-day simple moving average of $385.46 and a 200 day simple moving average of $347.11. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.50 and a current ratio of 2.26.

Valmont Industries (NYSE:VMI) last posted its quarterly earnings results on Tuesday, October 21st. The industrial products company reported $4.98 EPS for the quarter, topping analysts’ consensus estimates of $4.64 by $0.34. The business had revenue of $1.05 billion during 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 company’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same period last year, the firm earned $4.11 earnings per share. Valmont Industries has set its FY 2025 guidance at 18.700-19.50 EPS. Sell-side analysts predict that Valmont Industries, Inc. will post 18.07 EPS for the current fiscal year.

Insider Transactions at Valmont Industries

In other Valmont Industries news, insider James Christopher Colwell sold 375 shares of Valmont Industries 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 transaction, 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 legal filing with the SEC, which is available at this link. Also, CAO Timothy P. Francis sold 2,867 shares of Valmont Industries stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $358.52, for a total value of $1,027,876.84. Following the completion of the transaction, the chief accounting officer owned 9,746 shares of the company’s stock, valued at approximately $3,494,135.92. The trade was a 22.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. DA Davidson lifted their target price on Valmont Industries from $400.00 to $415.00 and gave the company a “neutral” rating in a report on Wednesday, October 22nd. Stifel Nicolaus lifted their target price on Valmont Industries from $400.00 to $450.00 and gave the company a “buy” rating in a report on Monday, October 20th. Wall Street Zen upgraded Valmont Industries from a “hold” rating to a “buy” rating in a report on Sunday, October 19th. Weiss Ratings reiterated a “hold (c)” rating on shares of Valmont Industries in a report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. assumed coverage on Valmont Industries in a report on Friday, September 26th. They issued an “overweight” rating and a $480.00 target price on the stock. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Valmont Industries has an average rating of “Moderate Buy” and a consensus price target of $448.33.

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.