831 Shares in Valmont Industries, Inc. $VMI Purchased by Aaron Wealth Advisors LLC

Key Points

• Aaron Wealth Advisors LLC invested approximately $271,000 in Valmont Industries, purchasing 831 shares of the company's stock.
• Valmont Industries recently declared a quarterly dividend of $0.68 per share, with a payout ratio of 25.33%.
• Analysts have rated Valmont Industries with an average rating of “Moderate Buy”, and the consensus price target is set at $391.00.

Aaron Wealth Advisors LLC acquired a new stake in Valmont Industries, Inc. (NYSE:VMI - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 831 shares of the industrial products company's stock, valued at approximately $271,000.

A number of other hedge funds also recently bought and sold shares of VMI. WPG Advisers LLC acquired a new stake in shares of Valmont Industries during the 1st quarter worth approximately $27,000. Smartleaf Asset Management LLC boosted its position in shares of Valmont Industries by 87.7% during the 1st quarter. Smartleaf Asset Management LLC now owns 107 shares of the industrial products company's stock worth $31,000 after purchasing an additional 50 shares during the period. Geneos Wealth Management Inc. boosted its position in shares of Valmont Industries by 223.4% during the 1st quarter. Geneos Wealth Management Inc. now owns 152 shares of the industrial products company's stock worth $43,000 after purchasing an additional 105 shares during the period. Parallel Advisors LLC boosted its position in shares of Valmont Industries by 128.8% during the 2nd quarter. Parallel Advisors LLC now owns 151 shares of the industrial products company's stock worth $49,000 after purchasing an additional 85 shares during the period. Finally, GAMMA Investing LLC boosted its position in shares of Valmont Industries by 82.3% during the 1st quarter. GAMMA Investing LLC now owns 226 shares of the industrial products company's stock worth $64,000 after purchasing an additional 102 shares during the period. Institutional investors and hedge funds own 87.84% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently 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 price objective on shares of Valmont Industries from $345.00 to $382.00 and gave the stock a "buy" rating in a research report on Monday, July 21st. Finally, DA Davidson increased their price objective on shares of Valmont Industries from $380.00 to $400.00 and gave the stock a "neutral" rating in a research 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 stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $391.00.

Valmont Industries Stock Performance

Shares of NYSE:VMI traded up $0.39 on Monday, reaching $375.50. The company's stock had a trading volume of 61,225 shares, compared to its average volume of 169,446. The stock's 50-day moving average is $365.86 and its two-hundred day moving average is $329.57. Valmont Industries, Inc. has a 52-week low of $250.07 and a 52-week high of $388.55. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.15 and a quick ratio of 1.44. The stock has a market capitalization of $7.41 billion, a P/E ratio of 34.95 and a beta of 1.14.

Valmont Industries (NYSE:VMI - Get Free Report) last announced its earnings results on Tuesday, July 22nd. The industrial products company reported $4.88 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 business had revenue of $1.05 billion during the quarter, compared to analysts' expectations of $1.03 billion. During the same period in the prior year, the company earned $4.91 earnings per share. The business's revenue was up 1.0% compared to the same quarter last year. Valmont Industries has set its FY 2025 guidance at 17.500-19.500 EPS. As a group, 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 announced 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. The ex-dividend date of this dividend is Friday, September 26th. This represents a $2.72 annualized dividend and a dividend yield of 0.7%. Valmont Industries's payout ratio is presently 25.33%.

Insider Buying and Selling at Valmont Industries

In other 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 value of $1,027,876.84. Following the sale, the chief accounting officer owned 9,746 shares of the company's stock, valued at $3,494,135.92. The trade was 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 accessible through this hyperlink. 1.50% of the stock is currently owned by 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.