Valmont Industries, Inc. $VMI Shares Sold by Moran Wealth Management LLC

Moran Wealth Management LLC cut its stake in shares of Valmont Industries, Inc. (NYSE:VMI) by 7.1% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 17,187 shares of the industrial products company’s stock after selling 1,323 shares during the quarter. Moran Wealth Management LLC owned approximately 0.09% of Valmont Industries worth $5,613,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Principal Financial Group Inc. grew its position in shares of Valmont Industries by 0.4% during the first quarter. Principal Financial Group Inc. now owns 46,566 shares of the industrial products company’s stock worth $13,289,000 after buying an additional 172 shares in the last quarter. GAMMA Investing LLC grew its position in shares of Valmont Industries by 82.3% during the first quarter. GAMMA Investing LLC now owns 226 shares of the industrial products company’s stock worth $64,000 after buying an additional 102 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its position in shares of Valmont Industries by 18.0% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 2,579 shares of the industrial products company’s stock worth $736,000 after buying an additional 393 shares in the last quarter. Janney Montgomery Scott LLC grew its position in shares of Valmont Industries by 16.1% during the first quarter. Janney Montgomery Scott LLC now owns 1,490 shares of the industrial products company’s stock worth $425,000 after buying an additional 207 shares in the last quarter. Finally, Crossmark Global Holdings Inc. acquired a new position in shares of Valmont Industries during the first quarter worth about $317,000. 87.84% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

VMI has been the subject of a number of analyst reports. Wall Street Zen downgraded Valmont Industries from a “buy” rating to a “hold” rating in a research report on Saturday. JPMorgan Chase & Co. started coverage on Valmont Industries in a research note on Friday, September 26th. They set an “overweight” rating and a $480.00 target price for the company. Stifel Nicolaus boosted their target price on Valmont Industries from $345.00 to $382.00 and gave the stock a “buy” rating in a research note on Monday, July 21st. DA Davidson boosted their target price on Valmont Industries from $380.00 to $400.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 23rd. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Valmont Industries in a research note on Wednesday, October 8th. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $420.67.

Valmont Industries Price Performance

Shares of NYSE VMI opened at $402.94 on Wednesday. The company has a current ratio of 2.15, a quick ratio of 1.44 and a debt-to-equity ratio of 0.48. Valmont Industries, Inc. has a twelve month low of $250.07 and a twelve month high of $411.17. The stock has a 50 day moving average of $378.82 and a two-hundred day moving average of $338.35. The stock has a market cap of $7.95 billion, a P/E ratio of 37.52 and a beta of 1.15.

Valmont Industries (NYSE:VMI) last issued its quarterly earnings data on Tuesday, July 22nd. The industrial products company reported $4.88 earnings per share for the quarter, beating analysts’ consensus estimates of $4.78 by $0.10. Valmont Industries had a return on equity of 22.10% and a net margin of 5.98%.The company had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.03 billion. During the same quarter in the previous year, the business earned $4.91 earnings per share. The firm’s revenue for the quarter was up 1.0% on a year-over-year basis. Valmont Industries has set its FY 2025 guidance at 17.500-19.500 EPS. On average, research analysts forecast that Valmont Industries, Inc. will post 18.07 earnings per share for the current year.

Valmont Industries Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Friday, September 26th will be issued a $0.68 dividend. The ex-dividend date of this dividend is Friday, September 26th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 0.7%. Valmont Industries’s payout ratio is presently 25.33%.

Insider Activity

In other news, CAO Timothy P. Francis sold 2,867 shares of the business’s stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $358.52, for a total value of $1,027,876.84. Following 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.50% of the company’s stock.

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.