Amundi Sells 79,886 Shares of Valmont Industries, Inc. $VMI

Amundi lowered its position in shares of Valmont Industries, Inc. (NYSE:VMI - Free Report) by 46.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 91,104 shares of the industrial products company's stock after selling 79,886 shares during the period. Amundi owned 0.45% of Valmont Industries worth $25,957,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of VMI. Ameriprise Financial Inc. grew its stake in Valmont Industries by 5.9% during the fourth quarter. Ameriprise Financial Inc. now owns 57,333 shares of the industrial products company's stock valued at $17,583,000 after acquiring an additional 3,186 shares in the last quarter. Baird Financial Group Inc. lifted its position in Valmont Industries by 3.2% during the fourth quarter. Baird Financial Group Inc. now owns 3,168 shares of the industrial products company's stock valued at $972,000 after purchasing an additional 98 shares during the last quarter. Deutsche Bank AG lifted its position in Valmont Industries by 5.8% during the fourth quarter. Deutsche Bank AG now owns 6,933 shares of the industrial products company's stock valued at $2,126,000 after purchasing an additional 380 shares during the last quarter. Ensign Peak Advisors Inc lifted its position in Valmont Industries by 16.4% during the fourth quarter. Ensign Peak Advisors Inc now owns 6,952 shares of the industrial products company's stock valued at $2,132,000 after purchasing an additional 981 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Valmont Industries by 6.5% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 144,501 shares of the industrial products company's stock valued at $44,314,000 after purchasing an additional 8,798 shares during the last quarter. Hedge funds and other institutional investors own 87.84% of the company's stock.

Insider Buying and Selling at Valmont Industries

In related news, CAO Timothy P. Francis sold 2,867 shares of the company's 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 completion of the sale, the chief accounting officer directly owned 9,746 shares in the company, valued at $3,494,135.92. This represents a 22.73% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 1.50% of the company's stock.

Valmont Industries Trading Down 3.3%

Shares of VMI traded down $12.94 during mid-day trading on Friday, reaching $373.76. The company's stock had a trading volume of 193,350 shares, compared to its average volume of 215,649. The stock has a market cap of $7.38 billion, a PE 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 52 week low of $250.07 and a 52 week high of $388.55. The company's fifty day moving average price is $362.21 and its two-hundred day moving average price is $328.46.

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 for the quarter, topping analysts' consensus estimates of $4.78 by $0.10. The firm had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.03 billion. Valmont Industries had a net margin of 5.98% and a return on equity of 22.10%. The business's quarterly revenue was up 1.0% on a year-over-year basis. During the same period in the previous year, the business posted $4.91 EPS. Valmont Industries has set its FY 2025 guidance at 17.500-19.500 EPS. On average, analysts predict that Valmont Industries, Inc. will post 18.07 earnings per share for the current fiscal year.

Valmont Industries Dividend Announcement

The firm also recently disclosed 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. 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%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on VMI. Stifel Nicolaus lifted their target price on shares of Valmont Industries from $345.00 to $382.00 and gave the company a "buy" rating in a research report on Monday, July 21st. Wall Street Zen lowered shares of Valmont Industries from a "buy" rating to a "hold" rating in a research report on Sunday, September 7th. Finally, DA Davidson lifted their target price on shares of Valmont Industries from $380.00 to $400.00 and gave the company a "neutral" rating in a research report on Wednesday, July 23rd. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target 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.