Bayforest Capital Ltd Sells 1,014 Shares of Valmont Industries, Inc. $VMI

Key Points

• Bayforest Capital Ltd reduced its stake in Valmont Industries by 52.4% during the second quarter, selling 1,014 shares and leaving it with 922 shares valued at approximately $301,000.
• The company reported an EPS of $4.88 for the last quarter, beating analysts' expectations, and set a guidance for FY 2025 EPS between 17.500 and 19.500.
• Valmont Industries declared a quarterly dividend of $0.68, representing a 0.7% yield, with a payout ratio of 25.33%.

Bayforest Capital Ltd lessened its stake in Valmont Industries, Inc. (NYSE:VMI - Free Report) by 52.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 922 shares of the industrial products company's stock after selling 1,014 shares during the quarter. Bayforest Capital Ltd's holdings in Valmont Industries were worth $301,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. WPG Advisers LLC purchased a new position in shares of Valmont Industries during the 1st quarter valued at $27,000. Smartleaf Asset Management LLC lifted its stake in Valmont Industries by 87.7% in the first quarter. Smartleaf Asset Management LLC now owns 107 shares of the industrial products company's stock worth $31,000 after purchasing an additional 50 shares during the last quarter. Ameritas Advisory Services LLC bought a new stake in Valmont Industries in the second quarter worth $46,000. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Valmont Industries during the second quarter valued at about $47,000. Finally, Parallel Advisors LLC raised its stake in shares of Valmont Industries by 128.8% during the second quarter. Parallel Advisors LLC now owns 151 shares of the industrial products company's stock valued at $49,000 after acquiring an additional 85 shares during the last quarter. Institutional investors own 87.84% of the company's stock.

Insider Buying and Selling at Valmont Industries

In other news, CAO Timothy P. Francis sold 2,867 shares of the company's stock in a transaction that occurred on 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 owned 9,746 shares of the company's stock, valued at approximately $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 accessible through this link. Insiders own 1.50% of the company's stock.

Valmont Industries Stock Performance

Shares of NYSE:VMI opened at $410.00 on Thursday. The company has a current ratio of 2.15, a quick ratio of 1.44 and a debt-to-equity ratio of 0.48. The company has a market capitalization of $8.09 billion, a price-to-earnings ratio of 38.17 and a beta of 1.15. The firm's 50-day moving average is $379.67 and its 200 day moving average is $338.84. Valmont Industries, Inc. has a 12 month low of $250.07 and a 12 month high of $412.89.

Valmont Industries (NYSE:VMI - Get Free Report) last issued its earnings results on Tuesday, July 22nd. The industrial products company reported $4.88 EPS for the quarter, topping analysts' consensus estimates of $4.78 by $0.10. The business had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.03 billion. Valmont Industries had a net margin of 5.98% and a return on equity of 22.10%. The company's revenue for the quarter was up 1.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.91 EPS. Valmont Industries has set its FY 2025 guidance at 17.500-19.500 EPS. Research analysts predict 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 was paid on Wednesday, October 15th. Stockholders of record on Friday, September 26th were given a $0.68 dividend. This represents a $2.72 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend was Friday, September 26th. Valmont Industries's dividend payout ratio is presently 25.33%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Wall Street Zen downgraded shares of Valmont Industries from a "buy" rating to a "hold" rating in a research note on Saturday, October 11th. Weiss Ratings reiterated a "hold (c)" rating on shares of Valmont Industries in a report on Wednesday, October 8th. JPMorgan Chase & Co. began coverage on shares of Valmont Industries in a research report on Friday, September 26th. They issued an "overweight" rating and a $480.00 target price for the company. Stifel Nicolaus lifted their price target on shares of Valmont Industries from $345.00 to $382.00 and gave the stock a "buy" rating in a research note on Monday, July 21st. Finally, DA Davidson raised their target price on Valmont Industries from $380.00 to $400.00 and gave the stock a "neutral" rating in a report on Wednesday, July 23rd. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $420.67.

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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