Valmont Industries, Inc. $VMI Stock Holdings Decreased by Algert Global LLC

Key Points

• Algert Global LLC reduced its stake in Valmont Industries, Inc. by 6.5%, selling 1,100 shares and holding 15,778 shares valued at approximately $4.5 million.
• The company's stock has a market capitalization of $7.42 billion and reported $4.88 EPS for the last quarter, surpassing the expected $4.78.
• Valmont Industries has announced a quarterly dividend of $0.68 per share, scheduled to be paid on October 15th to shareholders of record on September 26th.

Algert Global LLC cut its position in Valmont Industries, Inc. (NYSE:VMI - Free Report) by 6.5% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 15,778 shares of the industrial products company's stock after selling 1,100 shares during the quarter. Algert Global LLC owned about 0.08% of Valmont Industries worth $4,503,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of VMI. Wells Fargo & Company MN lifted its position in Valmont Industries by 5.9% in the 4th quarter. Wells Fargo & Company MN now owns 8,577 shares of the industrial products company's stock valued at $2,630,000 after purchasing an additional 481 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Valmont Industries in the 4th quarter valued at about $4,166,000. Barclays PLC lifted its position in Valmont Industries by 28.0% in the 4th quarter. Barclays PLC now owns 18,542 shares of the industrial products company's stock valued at $5,686,000 after purchasing an additional 4,054 shares during the last quarter. Mariner LLC lifted its position in Valmont Industries by 7.4% in the 4th quarter. Mariner LLC now owns 1,210 shares of the industrial products company's stock valued at $371,000 after purchasing an additional 83 shares during the last quarter. Finally, NewEdge Advisors LLC lifted its position in Valmont Industries by 670.2% in the 4th quarter. NewEdge Advisors LLC now owns 2,688 shares of the industrial products company's stock valued at $824,000 after purchasing an additional 2,339 shares during the last quarter. 87.84% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

VMI has been the topic of a number of recent analyst reports. DA Davidson boosted their price target 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. Wall Street Zen downgraded shares of Valmont Industries from a "buy" rating to a "hold" rating in a research report on Sunday, August 3rd. Finally, Stifel Nicolaus boosted their price target 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. Two equities research 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 presently has a consensus rating of "Moderate Buy" and a consensus target price of $391.00.

Valmont Industries Price Performance

Shares of NYSE VMI traded up $11.0890 during midday trading on Friday, reaching $374.9290. The company's stock had a trading volume of 207,705 shares, compared to its average volume of 184,427. The company has a current ratio of 2.15, a quick ratio of 1.44 and a debt-to-equity ratio of 0.48. The company has a 50 day moving average price of $348.67 and a 200 day moving average price of $324.68. Valmont Industries, Inc. has a one year low of $250.07 and a one year high of $384.08. The company has a market cap of $7.40 billion, a price-to-earnings ratio of 34.91 and a beta of 1.12.

Valmont Industries (NYSE:VMI - Get Free Report) last released its earnings results on Tuesday, July 22nd. The industrial products company reported $4.88 EPS for the quarter, topping 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 for the quarter, compared to the consensus estimate of $1.03 billion. During the same period in the previous year, the firm earned $4.91 EPS. The business's revenue for the quarter was up 1.0% on a year-over-year basis. Valmont Industries has set its FY 2025 guidance at 17.500-19.500 EPS. On average, equities research analysts expect that Valmont Industries, Inc. will post 18.07 EPS for the current year.

Valmont Industries Announces Dividend

The firm also recently announced 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. This represents a $2.72 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Friday, September 26th. Valmont Industries's payout ratio is presently 25.33%.

Insider Activity at Valmont Industries

In related 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 value of $1,027,876.84. Following the sale, the chief accounting officer directly owned 9,746 shares in the company, valued at $3,494,135.92. The trade was a 22.73% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.50% of the stock is 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.