Oliver Luxxe Assets LLC Takes $1.71 Million Position in Valmont Industries, Inc. $VMI

Key Points

• Oliver Luxxe Assets LLC acquired 5,247 shares of Valmont Industries, Inc. valued at approximately $1.7 million during the second quarter, expanding its investment in the industrial products company.
• Valmont Industries announced a quarterly dividend of $0.68 per share, with an annualized dividend yield of 0.7%, scheduled for payment on October 15th.
• Brokerage analysts have mixed views on Valmont Industries, with ratings ranging from Downgraded Hold to Buy, and a consensus target price set at $391.00.

Oliver Luxxe Assets LLC acquired a new position in shares of Valmont Industries, Inc. (NYSE:VMI - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,247 shares of the industrial products company's stock, valued at approximately $1,714,000.

Several other large investors also recently made changes to their positions in the stock. WPG Advisers LLC bought a new position in Valmont Industries in the first quarter valued at $27,000. Smartleaf Asset Management LLC grew its position in Valmont Industries by 87.7% in the first 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 in the last quarter. Geneos Wealth Management Inc. grew its position in Valmont Industries by 223.4% in the first quarter. Geneos Wealth Management Inc. now owns 152 shares of the industrial products company's stock valued at $43,000 after purchasing an additional 105 shares in the last quarter. Parallel Advisors LLC lifted its stake in Valmont Industries by 128.8% in the second quarter. Parallel Advisors LLC now owns 151 shares of the industrial products company's stock valued at $49,000 after acquiring an additional 85 shares during the last quarter. Finally, GAMMA Investing LLC lifted its stake in Valmont Industries by 82.3% in the first quarter. GAMMA Investing LLC now owns 226 shares of the industrial products company's stock valued at $64,000 after acquiring an additional 102 shares during the last quarter. Institutional investors own 87.84% of the company's stock.

Insiders Place Their Bets

In other Valmont Industries news, CAO Timothy P. Francis sold 2,867 shares of the business's stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $358.52, for a total transaction of $1,027,876.84. Following the sale, the chief accounting officer directly owned 9,746 shares of the company's stock, valued at $3,494,135.92. The trade was a 22.73% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.50% of the stock is owned by insiders.

Valmont Industries Price Performance

Shares of NYSE:VMI traded up $0.67 during midday trading on Monday, hitting $375.78. The stock had a trading volume of 129,648 shares, compared to its average volume of 206,864. The company's 50-day moving average price is $366.71 and its 200-day moving average price is $329.90. The company has a market capitalization of $7.42 billion, a P/E ratio of 34.99 and a beta of 1.14. The company has a quick ratio of 1.44, a current ratio of 2.15 and a debt-to-equity ratio of 0.48. Valmont Industries, Inc. has a fifty-two week low of $250.07 and a fifty-two week high of $388.55.

Valmont Industries (NYSE:VMI - Get Free Report) last announced its quarterly earnings results on Tuesday, July 22nd. The industrial products company reported $4.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.78 by $0.10. The company had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.03 billion. Valmont Industries had a net margin of 5.98% and a return on equity of 22.10%. The firm's revenue was up 1.0% on a year-over-year basis. During the same period in the previous year, the firm posted $4.91 EPS. Valmont Industries has set its FY 2025 guidance at 17.500-19.500 EPS. As a group, equities research analysts predict that Valmont Industries, Inc. will post 18.07 EPS for the current fiscal year.

Valmont Industries Announces Dividend

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

Analysts Set New Price Targets

A number of brokerages have commented on VMI. Stifel Nicolaus increased their price target on shares of Valmont Industries from $345.00 to $382.00 and gave the company a "buy" rating in a research note on Monday, July 21st. DA Davidson increased their price target on shares of Valmont Industries from $380.00 to $400.00 and gave the company a "neutral" rating in a research note on Wednesday, July 23rd. Finally, Wall Street Zen downgraded shares of Valmont Industries from a "buy" rating to a "hold" rating in a report on Sunday, September 7th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat, Valmont Industries has an average rating of "Moderate Buy" and an average target price of $391.00.

Valmont Industries 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.