Yousif Capital Management LLC Sells 110 Shares of Valmont Industries, Inc. $VMI

Yousif Capital Management LLC lowered its position in shares of Valmont Industries, Inc. (NYSE:VMI) by 1.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,798 shares of the industrial products company’s stock after selling 110 shares during the period. Yousif Capital Management LLC’s holdings in Valmont Industries were worth $2,220,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in VMI. WPG Advisers LLC bought a new position in shares of Valmont Industries during the first quarter worth approximately $27,000. Smartleaf Asset Management LLC increased its stake in Valmont Industries by 87.7% during the 1st quarter. Smartleaf Asset Management LLC now owns 107 shares of the industrial products company’s stock worth $31,000 after acquiring an additional 50 shares during the period. Geneos Wealth Management Inc. increased 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 worth $43,000 after acquiring an additional 105 shares during the period. Ameritas Advisory Services LLC bought a new position in Valmont Industries during the 2nd quarter worth $46,000. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Valmont Industries in the 2nd quarter valued at $47,000. Institutional investors own 87.84% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on VMI. Stifel Nicolaus boosted their price objective on Valmont Industries from $345.00 to $382.00 and gave the stock a “buy” rating in a research report on Monday, July 21st. JPMorgan Chase & Co. assumed coverage on Valmont Industries in a report on Friday, September 26th. They set an “overweight” rating and a $480.00 target price on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Valmont Industries in a research report on Wednesday, October 8th. Wall Street Zen raised Valmont Industries from a “hold” rating to a “buy” rating in a research report on Sunday. Finally, DA Davidson boosted their target price on Valmont Industries from $380.00 to $400.00 and gave the company a “neutral” rating in a research report on Wednesday, July 23rd. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Valmont Industries has a consensus rating of “Moderate Buy” and a consensus price target of $420.67.

Insider Activity

In other Valmont Industries news, CAO Timothy P. Francis sold 2,867 shares of the stock in a transaction on Friday, August 1st. The stock was sold at an average price of $358.52, for a total transaction of $1,027,876.84. Following the sale, the chief accounting officer owned 9,746 shares in the company, valued at $3,494,135.92. This represents a 22.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.50% of the stock is currently owned by corporate insiders.

Valmont Industries Price Performance

Valmont Industries stock opened at $404.70 on Friday. Valmont Industries, Inc. has a 12 month low of $250.07 and a 12 month high of $414.53. The company has a current ratio of 2.15, a quick ratio of 1.44 and a debt-to-equity ratio of 0.48. The business’s 50 day simple moving average is $381.18 and its 200 day simple moving average is $340.78. The company has a market cap of $7.99 billion, a price-to-earnings ratio of 37.68 and a beta of 1.15.

Valmont Industries (NYSE:VMI) last posted its quarterly earnings data on Tuesday, July 22nd. The industrial products company reported $4.88 EPS for the quarter, beating the consensus estimate of $4.78 by $0.10. The business 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 22.10% and a net margin of 5.98%.Valmont Industries’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $4.91 earnings per share. Valmont Industries has set its FY 2025 guidance at 17.500-19.500 EPS. Sell-side analysts forecast that Valmont Industries, Inc. will post 18.07 EPS for the current year.

Valmont Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Friday, September 26th were given a dividend of $0.68 per share. The ex-dividend date was Friday, September 26th. This represents a $2.72 annualized dividend and a dividend yield of 0.7%. Valmont Industries’s dividend payout ratio is currently 25.33%.

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.