Valmont Industries, Inc. $VMI Stock Position Cut by Wambolt & Associates LLC

Wambolt & Associates LLC decreased its stake in shares of Valmont Industries, Inc. (NYSE:VMI) by 10.8% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 3,827 shares of the industrial products company’s stock after selling 462 shares during the period. Wambolt & Associates LLC’s holdings in Valmont Industries were worth $1,283,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. Envestnet Portfolio Solutions Inc. boosted its holdings in shares of Valmont Industries by 4.7% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 843 shares of the industrial products company’s stock valued at $275,000 after acquiring an additional 38 shares in the last quarter. D.B. Root & Company LLC lifted its position in Valmont Industries by 1.6% in 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 period. Smartleaf Asset Management LLC increased its position in shares of Valmont Industries by 87.7% during the 1st quarter. Smartleaf Asset Management LLC now owns 107 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 50 shares during the period. Vestcor Inc raised its stake in shares of Valmont Industries by 2.0% in the 1st quarter. Vestcor Inc now owns 2,651 shares of the industrial products company’s stock worth $757,000 after buying an additional 51 shares in the last quarter. Finally, Janney Montgomery Scott LLC raised its stake in shares of Valmont Industries by 4.0% in the 2nd quarter. Janney Montgomery Scott LLC now owns 1,549 shares of the industrial products company’s stock worth $506,000 after buying an additional 59 shares in the last quarter. 87.84% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently weighed in on VMI. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Valmont Industries in a research note on Wednesday, November 19th. Wall Street Zen upgraded shares of Valmont Industries from a “hold” rating to a “buy” rating in a research report on Sunday, October 19th. JPMorgan Chase & Co. began coverage on shares of Valmont Industries in a research note on Friday, September 26th. They issued an “overweight” rating and a $480.00 price objective on the stock. DA Davidson boosted their target price on shares of Valmont Industries from $400.00 to $415.00 and gave the stock a “neutral” rating in a report on Wednesday, October 22nd. Finally, Stifel Nicolaus raised their target price 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. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $448.33.

Insider Buying and Selling at Valmont Industries

In related news, insider James Christopher Colwell sold 375 shares of the company’s 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 transaction, the insider directly owned 7,286 shares of the company’s stock, valued at approximately $2,992,214.48. The trade was 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. Corporate insiders own 1.50% of the company’s stock.

Valmont Industries Stock Performance

Shares of VMI opened at $407.50 on Wednesday. The company has a 50-day moving average of $398.20 and a two-hundred day moving average of $364.15. The stock has a market cap of $8.03 billion, a price-to-earnings ratio of 35.10 and a beta of 1.21. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.26 and a quick ratio of 1.50. Valmont Industries, Inc. has a one year low of $250.07 and a one year high of $427.81.

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

Valmont Industries Announces Dividend

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

Valmont Industries Company Profile

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.