AlphaQuest LLC Sells 2,053 Shares of Valmont Industries, Inc. $VMI

Key Points

• AlphaQuest LLC reduced its stake in Valmont Industries, Inc. by 57.8% during the 1st quarter, owning 1,501 shares valued at approximately $428,000 after selling 2,053 shares.
• Valmont Industries reported Q2 earnings of $4.88 per share, exceeding analyst estimates, and increased its revenue year-over-year by 1.0% to $1.05 billion.
• The company announced a quarterly dividend of $0.68 per share, representing an annual yield of 0.7%, to be paid on October 15th.

AlphaQuest LLC decreased its position in Valmont Industries, Inc. (NYSE:VMI - Free Report) by 57.8% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 1,501 shares of the industrial products company's stock after selling 2,053 shares during the quarter. AlphaQuest LLC's holdings in Valmont Industries were worth $428,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Quarry LP grew its holdings in shares of Valmont Industries by 395.1% in the 4th quarter. Quarry LP now owns 203 shares of the industrial products company's stock worth $62,000 after purchasing an additional 162 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of Valmont Industries by 82.3% in 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 last quarter. Signaturefd LLC grew its holdings in shares of Valmont Industries by 23.9% in the 1st quarter. Signaturefd LLC now owns 270 shares of the industrial products company's stock worth $77,000 after purchasing an additional 52 shares during the last quarter. New Age Alpha Advisors LLC bought a new stake in shares of Valmont Industries in the 1st quarter worth about $82,000. Finally, Meeder Asset Management Inc. bought a new stake in shares of Valmont Industries in the 1st quarter worth about $90,000. Institutional investors own 87.84% of the company's stock.

Valmont Industries Stock Performance

Valmont Industries stock opened at $375.66 on Wednesday. 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 $384.08. The company has a market cap of $7.42 billion, a PE ratio of 34.98 and a beta of 1.12. The company's 50-day moving average is $350.69 and its two-hundred day moving average is $325.35.

Valmont Industries (NYSE:VMI - Get Free Report) last released its earnings results on Tuesday, July 22nd. The industrial products company reported $4.88 earnings per share (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 company had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same period in the prior year, the company posted $4.91 EPS. The company'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. Equities analysts anticipate that Valmont Industries, Inc. will post 18.07 earnings per share for the current year.

Valmont Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders 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 yield of 0.7%. Valmont Industries's dividend payout ratio is presently 25.33%.

Insider Transactions at Valmont Industries

In other Valmont Industries 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 transaction, the chief accounting officer directly owned 9,746 shares in the company, valued at approximately $3,494,135.92. This represents a 22.73% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.50% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. DA Davidson upped 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 upped 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 investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat, Valmont Industries presently has a consensus rating of "Moderate Buy" and an average target price of $391.00.

Valmont Industries 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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