945 Shares in Valmont Industries, Inc. $VMI Acquired by Kera Capital Partners Inc.

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. acquired a new position in Valmont Industries, Inc. (NYSE:VMI - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 945 shares of the industrial products company's stock, valued at approximately $309,000.

A number of other hedge funds have also recently added to or reduced their stakes in VMI. WPG Advisers LLC acquired a new position in Valmont Industries in the first quarter worth approximately $27,000. Smartleaf Asset Management LLC grew its holdings in Valmont Industries by 87.7% during 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 during the last quarter. Geneos Wealth Management Inc. grew its holdings in Valmont Industries by 223.4% during 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 during the last quarter. GAMMA Investing LLC grew its holdings in Valmont Industries by 82.3% during the first quarter. GAMMA Investing LLC now owns 226 shares of the industrial products company's stock valued at $64,000 after purchasing an additional 102 shares during the last quarter. Finally, Signaturefd LLC grew its holdings in Valmont Industries by 23.9% during the first quarter. Signaturefd LLC now owns 270 shares of the industrial products company's stock valued at $77,000 after purchasing an additional 52 shares during the last quarter. Institutional investors and hedge funds own 87.84% of the company's stock.

Insider Activity

In other Valmont Industries news, CAO Timothy P. Francis sold 2,867 shares of Valmont Industries stock in a transaction 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 owned 9,746 shares in the company, valued at $3,494,135.92. The trade was a 22.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.50% of the company's stock.

Valmont Industries Trading Down 3.3%

Shares of Valmont Industries stock opened at $373.76 on Friday. The company's fifty day simple moving average is $362.21 and its 200-day simple moving average is $328.32. The company has a market cap of $7.38 billion, a price-to-earnings ratio of 34.80 and a beta of 1.14. 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 1 year low of $250.07 and a 1 year high of $388.55.

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, topping 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 net margin of 5.98% and a return on equity of 22.10%. Valmont Industries's quarterly revenue was up 1.0% on a year-over-year basis. During the same quarter last year, the company posted $4.91 earnings per share. Valmont Industries has set its FY 2025 guidance at 17.500-19.500 EPS. As a group, sell-side analysts expect 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. 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 dividend on an annualized basis and a dividend yield of 0.7%. Valmont Industries's payout ratio is currently 25.33%.

Analyst Upgrades and Downgrades

VMI has been the topic of several analyst reports. Wall Street Zen downgraded 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 price target on Valmont Industries from $380.00 to $400.00 and gave the company a "neutral" rating in a report 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 data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $391.00.

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.

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