Caitlin John LLC Buys New Holdings in Valmont Industries, Inc. $VMI

Key Points

• Caitlin John LLC purchased 3,278 shares of Valmont Industries, Inc. for approximately $1,070,000, highlighting increased institutional interest in the company.
• Valmont Industries has received a mix of ratings from analysts, with a current average rating of "Moderate Buy" and a price target of $391.00.
• The company declared a quarterly dividend of $0.68 per share, with a yield of 0.7%, payable on October 15th to investors of record.

Caitlin John LLC purchased a new position in Valmont Industries, Inc. (NYSE:VMI - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 3,278 shares of the industrial products company's stock, valued at approximately $1,070,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Farmers & Merchants Investments Inc. raised its holdings in shares of Valmont Industries by 14,300.0% during the 2nd quarter. Farmers & Merchants Investments Inc. now owns 2,016 shares of the industrial products company's stock worth $658,000 after acquiring an additional 2,002 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt raised its holdings in shares of Valmont Industries by 466.7% during the 2nd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 6,800 shares of the industrial products company's stock worth $2,222,000 after acquiring an additional 5,600 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in Valmont Industries by 47.1% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 3,794 shares of the industrial products company's stock valued at $1,296,000 after buying an additional 1,215 shares during the period. Pallas Capital Advisors LLC purchased a new stake in Valmont Industries during the 2nd quarter valued at $201,000. Finally, Aaron Wealth Advisors LLC purchased a new stake in Valmont Industries during the 2nd quarter valued at $271,000. 87.84% of the stock is currently owned by institutional investors.

Valmont Industries Price Performance

Shares of VMI traded up $0.67 during trading hours on Monday, hitting $375.78. 129,648 shares of the stock were exchanged, compared to its average volume of 206,864. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.44 and a current ratio of 2.15. Valmont Industries, Inc. has a 12-month low of $250.07 and a 12-month high of $388.55. The company has a market cap of $7.42 billion, a price-to-earnings ratio of 34.99 and a beta of 1.14. The stock's 50-day moving average price is $366.71 and its two-hundred day moving average price is $329.90.

Valmont Industries (NYSE:VMI - Get Free Report) last announced its quarterly earnings results 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. Valmont Industries had a return on equity of 22.10% and a net margin of 5.98%.The business had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same quarter in the prior year, the company posted $4.91 EPS. The company's quarterly revenue was up 1.0% on a year-over-year basis. Valmont Industries has set its FY 2025 guidance at 17.500-19.500 EPS. 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 Wednesday, October 15th. Stockholders of record on Friday, September 26th will be issued a $0.68 dividend. This represents a $2.72 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Friday, September 26th. Valmont Industries's dividend payout ratio (DPR) is currently 25.33%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on VMI shares. Wall Street Zen lowered Valmont Industries from a "buy" rating to a "hold" rating in a report on Sunday, September 7th. Stifel Nicolaus increased their price target on Valmont Industries from $345.00 to $382.00 and gave the company a "buy" rating in a report on Monday, July 21st. Finally, DA Davidson increased 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. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, Valmont Industries currently has an average rating of "Moderate Buy" and a consensus target price of $391.00.

Insider Activity at Valmont Industries

In other news, CAO Timothy P. Francis sold 2,867 shares of the firm'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 completion of the sale, the chief accounting officer directly owned 9,746 shares of the company's stock, valued at $3,494,135.92. This trade represents a 22.73% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.50% of the stock is owned by corporate insiders.

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.