Kera Capital Partners Inc. Buys New Position in Valmont Industries, Inc. $VMI

Key Points

• Kera Capital Partners Inc. acquired 945 shares of Valmont Industries, Inc. valued at approximately $309,000 in the second quarter, reflecting growing interest among institutional investors.
• Valmont Industries reported $4.88 earnings per share for its last quarter, exceeding estimates, with a slight year-over-year revenue increase of 1.0%.
• The company announced a dividend of $0.68 per share to be paid on October 15th, with a current dividend yield of 0.7% and a payout ratio of 25.33%.

Kera Capital Partners Inc. bought a new stake in Valmont Industries, Inc. (NYSE:VMI - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 945 shares of the industrial products company's stock, valued at approximately $309,000.

Other large investors have also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD raised its holdings in shares of Valmont Industries by 759.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 172,967 shares of the industrial products company's stock valued at $49,361,000 after purchasing an additional 152,832 shares in the last quarter. Allianz Asset Management GmbH lifted its stake in shares of Valmont Industries by 118.0% in the 1st 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. GAMMA Investing LLC lifted its stake in shares of Valmont Industries by 51,911.3% in the 1st quarter. GAMMA Investing LLC now owns 64,494 shares of the industrial products company's stock worth $18,405,000 after acquiring an additional 64,370 shares during the period. Nuveen LLC acquired a new stake in shares of Valmont Industries in the 1st quarter worth $16,519,000. Finally, Millennium Management LLC boosted its holdings in Valmont Industries by 225.1% during the first quarter. Millennium Management LLC now owns 67,630 shares of the industrial products company's stock worth $19,300,000 after buying an additional 46,825 shares in the last quarter. 87.84% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have issued reports on VMI shares. 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 boosted their price objective on shares of Valmont Industries from $345.00 to $382.00 and gave the stock a "buy" rating in a research note on Monday, July 21st. Finally, DA Davidson upped their target price 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. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $391.00.

Valmont Industries Stock Performance

Shares of NYSE:VMI traded down $3.10 on Friday, reaching $375.85. 43,433 shares of the company's stock were exchanged, compared to its average volume of 168,630. The firm has a market capitalization of $7.42 billion, a price-to-earnings ratio of 35.00 and a beta of 1.14. Valmont Industries, Inc. has a fifty-two week low of $250.07 and a fifty-two week high of $388.55. The business's 50-day moving average is $365.08 and its two-hundred day moving average is $329.35. 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 (NYSE:VMI - Get Free Report) last released its quarterly earnings results on Tuesday, July 22nd. The industrial products company reported $4.88 EPS for the quarter, topping the consensus estimate of $4.78 by $0.10. The business had revenue of $1.05 billion during 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 company's quarterly revenue was up 1.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $4.91 earnings per share. Valmont Industries has set its FY 2025 guidance at 17.500-19.500 EPS. As a group, equities research analysts forecast that Valmont Industries, Inc. will post 18.07 EPS for the current year.

Valmont Industries Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Friday, September 26th will be given a dividend of $0.68 per share. The ex-dividend date is 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%.

Insider Activity at Valmont Industries

In other news, CAO Timothy P. Francis sold 2,867 shares of the company's 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 transaction, the chief accounting officer owned 9,746 shares in the company, valued at approximately $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 Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.50% of the company's stock.

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.