Allianz Asset Management GmbH Acquires 5,592 Shares of Valmont Industries, Inc. $VMI

Key Points

• Allianz Asset Management GmbH increased its holdings in Valmont Industries by 2.0%, now owning 280,361 shares valued at approximately $91.6 million.
• Valmont Industries recently announced a quarterly dividend of $0.68 per share, resulting in an annualized yield of 0.7% and a dividend payout ratio of 25.33%.
• Analysts have given Valmont Industries a consensus rating of "Moderate Buy" with an average target price of $420.67, following mixed ratings from various firms.

Allianz Asset Management GmbH boosted its holdings in shares of Valmont Industries, Inc. (NYSE:VMI - Free Report) by 2.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 280,361 shares of the industrial products company's stock after purchasing an additional 5,592 shares during the quarter. Allianz Asset Management GmbH owned about 1.40% of Valmont Industries worth $91,557,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in VMI. GAMMA Investing LLC grew its holdings in Valmont Industries by 82.3% during the 1st quarter. GAMMA Investing LLC now owns 226 shares of the industrial products company's stock valued at $64,000 after buying an additional 102 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in Valmont Industries by 18.0% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 2,579 shares of the industrial products company's stock valued at $736,000 after acquiring an additional 393 shares during the period. Ritholtz Wealth Management purchased a new position in Valmont Industries during the 1st quarter valued at $569,000. Janney Montgomery Scott LLC boosted its holdings in Valmont Industries by 16.1% during the 1st quarter. Janney Montgomery Scott LLC now owns 1,490 shares of the industrial products company's stock valued at $425,000 after acquiring an additional 207 shares during the period. Finally, State of Alaska Department of Revenue boosted its holdings in Valmont Industries by 2.6% during the 1st quarter. State of Alaska Department of Revenue now owns 2,347 shares of the industrial products company's stock valued at $669,000 after acquiring an additional 60 shares during the period. Hedge funds and other institutional investors own 87.84% of the company's stock.

Insider Transactions at Valmont Industries

In related news, CAO Timothy P. Francis sold 2,867 shares of the company's stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $358.52, for a total transaction of $1,027,876.84. Following the transaction, the chief accounting officer directly owned 9,746 shares of the company's stock, valued at $3,494,135.92. This represents a 22.73% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 1.50% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

VMI has been the subject of a number of recent analyst reports. DA Davidson boosted their price objective on Valmont Industries from $380.00 to $400.00 and gave the company a "neutral" rating in a report on Wednesday, July 23rd. JPMorgan Chase & Co. started coverage on Valmont Industries in a research report on Friday, September 26th. They set an "overweight" rating and a $480.00 target price for the company. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Valmont Industries in a research report on Wednesday, October 8th. Stifel Nicolaus lifted their target price on Valmont Industries from $345.00 to $382.00 and gave the company a "buy" rating in a research report on Monday, July 21st. Finally, Wall Street Zen lowered Valmont Industries from a "buy" rating to a "hold" rating in a research report on Saturday, October 11th. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $420.67.

Valmont Industries Trading Down 0.8%

VMI opened at $406.59 on Friday. The firm has a market cap of $8.03 billion, a price-to-earnings ratio of 37.86 and a beta of 1.15. 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 $414.53. The stock has a fifty day moving average price of $380.46 and a 200-day moving average price of $339.68.

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

Valmont Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Friday, September 26th were given a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Friday, September 26th. Valmont Industries's dividend payout ratio is currently 25.33%.

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.

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