Valmont Industries, Inc. $VMI Shares Sold by Amundi

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

Other institutional investors also recently bought and sold shares of the company. WPG Advisers LLC acquired a new stake in Valmont Industries in the 1st quarter worth approximately $27,000. Smartleaf Asset Management LLC lifted its stake in Valmont Industries by 87.7% during the 1st quarter. Smartleaf Asset Management LLC now owns 107 shares of the industrial products company's stock valued at $31,000 after acquiring an additional 50 shares during the period. GAMMA Investing LLC lifted its stake 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 acquiring an additional 102 shares during the period. Signaturefd LLC lifted its stake in Valmont Industries by 23.9% during the 1st quarter. Signaturefd LLC now owns 270 shares of the industrial products company's stock valued at $77,000 after acquiring an additional 52 shares during the period. Finally, New Age Alpha Advisors LLC acquired a new stake in Valmont Industries during the 1st quarter valued at approximately $82,000. 87.84% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CAO Timothy P. Francis sold 2,867 shares of the 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 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.50% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several analysts have commented on VMI shares. Stifel Nicolaus lifted their price objective on shares of Valmont Industries from $345.00 to $382.00 and gave the company a "buy" rating in a research note on Monday, July 21st. DA Davidson lifted their price objective on shares of Valmont Industries from $380.00 to $400.00 and gave the company a "neutral" rating in a research note on Wednesday, July 23rd. Finally, Wall Street Zen cut shares of Valmont Industries from a "buy" rating to a "hold" rating in a research note on Sunday, September 7th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $391.00.

Valmont Industries Stock Performance

Shares of VMI traded down $12.94 during trading hours on Friday, hitting $373.76. The stock had a trading volume of 193,350 shares, compared to its average volume of 215,649. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.44 and a current ratio of 2.15. The firm has a 50-day moving average price of $362.21 and a 200 day moving average price of $328.32. Valmont Industries, Inc. has a fifty-two week low of $250.07 and a fifty-two week high of $388.55. The firm has a market capitalization of $7.38 billion, a price-to-earnings ratio of 34.80 and a beta of 1.14.

Valmont Industries (NYSE:VMI - Get Free Report) last posted its quarterly earnings data on Tuesday, July 22nd. The industrial products company reported $4.88 earnings per share (EPS) for the quarter, topping 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 analysts' expectations of $1.03 billion. During the same period in the previous year, the firm posted $4.91 EPS. Valmont Industries'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, research analysts anticipate 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. Shareholders of record on Friday, September 26th will be paid 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 is Friday, September 26th. Valmont Industries's payout ratio is 25.33%.

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.