8,651 Shares in Valmont Industries, Inc. $VMI Bought by Clean Yield Group

Key Points

• Clean Yield Group acquired 8,651 shares of Valmont Industries, Inc. ($VMI) during the second quarter, valued at approximately $2.8 million.
• Insider trading activity revealed that CAO Timothy P. Francis sold 2,867 shares at an average price of $358.52, reducing his ownership by 22.73%.
• Analysts maintain a Moderate Buy rating on Valmont Industries with an average price target of $420.67, reflecting positive growth expectations.

Clean Yield Group purchased a new position in shares of Valmont Industries, Inc. (NYSE:VMI - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 8,651 shares of the industrial products company's stock, valued at approximately $2,825,000.

A number of other large investors also recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP raised its position in Valmont Industries by 1.1% during the first quarter. Dimensional Fund Advisors LP now owns 429,900 shares of the industrial products company's stock worth $122,682,000 after acquiring an additional 4,722 shares during the period. Segall Bryant & Hamill LLC raised its position in Valmont Industries by 3.4% during the first quarter. Segall Bryant & Hamill LLC now owns 299,901 shares of the industrial products company's stock worth $85,583,000 after acquiring an additional 9,979 shares during the period. Allianz Asset Management GmbH raised its position in Valmont Industries by 118.0% during the first quarter. Allianz Asset Management GmbH now owns 274,769 shares of the industrial products company's stock worth $78,411,000 after acquiring an additional 148,740 shares during the period. Northern Trust Corp raised its position in Valmont Industries by 7.3% during the first quarter. Northern Trust Corp now owns 216,253 shares of the industrial products company's stock worth $61,712,000 after acquiring an additional 14,694 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its position in Valmont Industries by 759.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 172,967 shares of the industrial products company's stock worth $49,361,000 after acquiring an additional 152,832 shares during the period. 87.84% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Valmont Industries news, CAO Timothy P. Francis sold 2,867 shares of Valmont Industries stock in a transaction dated 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 completion of the sale, the chief accounting officer directly owned 9,746 shares in the company, valued at $3,494,135.92. This trade represents a 22.73% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.50% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Wall Street Zen cut shares of Valmont Industries from a "buy" rating to a "hold" rating in a research report on Sunday, September 7th. Stifel Nicolaus increased their target price on shares of Valmont Industries from $345.00 to $382.00 and gave the company a "buy" rating in a research report on Monday, July 21st. JPMorgan Chase & Co. initiated coverage on shares of Valmont Industries in a research report on Friday. They issued an "overweight" rating and a $480.00 target price for the company. Finally, DA Davidson increased their target price on shares of Valmont Industries from $380.00 to $400.00 and gave the company a "neutral" rating in a research report on Wednesday, July 23rd. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $420.67.

Valmont Industries Trading Up 5.7%

Shares of VMI opened at $385.54 on Monday. 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 12-month low of $250.07 and a 12-month high of $388.55. The firm has a 50-day moving average price of $369.99 and a 200 day moving average price of $331.37. The firm has a market capitalization of $7.61 billion, a P/E ratio of 35.90 and a beta of 1.14.

Valmont Industries (NYSE:VMI - Get Free Report) last announced its quarterly earnings data on Tuesday, July 22nd. The industrial products company reported $4.88 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.78 by $0.10. Valmont Industries had a net margin of 5.98% and a return on equity of 22.10%. The firm had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.03 billion. During the same quarter in the prior year, the firm posted $4.91 earnings per share. Valmont Industries'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. Sell-side analysts forecast that Valmont Industries, Inc. will post 18.07 EPS for the current year.

Valmont Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Investors 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 dividend payout ratio is currently 25.33%.

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.

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