Aptus Capital Advisors LLC Invests $1.77 Million in Valmont Industries, Inc. $VMI

Key Points

• Aptus Capital Advisors LLC has acquired a new position in Valmont Industries, investing approximately $1.77 million for 6,202 shares in the first quarter.
• Valmont Industries reported earnings of $4.88 per share, surpassing analyst estimates, with a revenue of $1.05 billion for the quarter, marking a year-over-year increase.
• The company declared a quarterly dividend of $0.68, set to be paid on October 15th, reflecting an annualized yield of 0.7%.

Aptus Capital Advisors LLC acquired a new position in Valmont Industries, Inc. (NYSE:VMI - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 6,202 shares of the industrial products company's stock, valued at approximately $1,770,000.

Several other large investors have also recently added to or reduced their stakes in VMI. Quarry LP increased its stake in Valmont Industries by 395.1% during the 4th quarter. Quarry LP now owns 203 shares of the industrial products company's stock worth $62,000 after buying an additional 162 shares during the period. GAMMA Investing LLC increased 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 worth $64,000 after buying an additional 102 shares during the period. Signaturefd LLC increased 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 worth $77,000 after buying an additional 52 shares during the period. New Age Alpha Advisors LLC purchased a new stake in Valmont Industries during the 1st quarter worth approximately $82,000. Finally, Meeder Asset Management Inc. purchased a new stake in shares of Valmont Industries in the 1st quarter valued at approximately $90,000. 87.84% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on VMI shares. Wall Street Zen downgraded shares of Valmont Industries from a "buy" rating to a "hold" rating in a research report on Sunday, August 3rd. DA Davidson increased their price objective 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. Finally, Stifel Nicolaus increased their price objective 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. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $391.00.

Valmont Industries Stock Performance

NYSE:VMI traded up $1.89 during trading hours on Tuesday, reaching $375.66. 232,751 shares of the company's stock were exchanged, compared to its average volume of 186,708. The firm has a market capitalization of $7.42 billion, a price-to-earnings ratio of 34.98 and a beta of 1.12. The company has a 50-day moving average of $350.69 and a 200 day moving average of $325.35. The company has a quick ratio of 1.44, a current ratio of 2.15 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.

Valmont Industries (NYSE:VMI - Get Free Report) last issued its quarterly earnings results 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 analysts' expectations of $1.03 billion. Valmont Industries had a net margin of 5.98% and a return on equity of 22.10%. Valmont Industries's quarterly revenue was up 1.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.91 EPS. Valmont Industries has set its FY 2025 guidance at 17.500-19.500 EPS. Research analysts anticipate that Valmont Industries, Inc. will post 18.07 EPS for the current year.

Valmont Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Friday, September 26th will be paid 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 currently 25.33%.

Insiders Place Their Bets

In related news, CAO Timothy P. Francis sold 2,867 shares of the 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 owned 9,746 shares in the company, valued at $3,494,135.92. This represents a 22.73% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.50% of the stock is currently owned by corporate 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.