Blair William & Co. IL Sells 3,606 Shares of Valmont Industries, Inc. $VMI

Key Points

• Blair William & Co. IL reduced its stake in Valmont Industries by 7.4%, selling 3,606 shares to hold a total of 45,181 shares valued at approximately $14.76 million.
• The company reported $4.88 earnings per share (EPS) for its last quarter, exceeding analysts' expectations of $4.78, along with a revenue of $1.05 billion.
• Valmont Industries declared a quarterly dividend of $0.68 per share, reflecting an annual yield of 0.7%, with the payment date set for October 15th.

Blair William & Co. IL lessened its position in Valmont Industries, Inc. (NYSE:VMI - Free Report) by 7.4% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 45,181 shares of the industrial products company's stock after selling 3,606 shares during the period. Blair William & Co. IL owned 0.23% of Valmont Industries worth $14,755,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in VMI. D.B. Root & Company LLC increased its stake in shares of Valmont Industries by 1.6% in the second quarter. D.B. Root & Company LLC now owns 2,685 shares of the industrial products company's stock valued at $877,000 after buying an additional 41 shares during the period. Beverly Hills Private Wealth LLC grew its holdings in Valmont Industries by 3.8% during the 1st quarter. Beverly Hills Private Wealth LLC now owns 1,169 shares of the industrial products company's stock worth $334,000 after acquiring an additional 43 shares during the last quarter. Smartleaf Asset Management LLC increased its position in Valmont Industries by 87.7% in 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. Vestcor Inc increased its position in Valmont Industries by 2.0% in the 1st quarter. Vestcor Inc now owns 2,651 shares of the industrial products company's stock valued at $757,000 after acquiring an additional 51 shares during the period. Finally, Signaturefd LLC raised its stake in shares of Valmont Industries by 23.9% during the first 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 last quarter. 87.84% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Valmont Industries

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 transaction of $1,027,876.84. Following the transaction, the chief accounting officer owned 9,746 shares of the company's stock, valued at $3,494,135.92. This represents a 22.73% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.50% of the company's stock.

Valmont Industries Trading Down 2.5%

NYSE VMI opened at $389.37 on Friday. The stock has a market capitalization of $7.69 billion, a P/E ratio of 36.25 and a beta of 1.15. The business has a 50 day simple moving average of $377.45 and a 200 day simple moving average of $336.63. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.15 and a quick ratio of 1.44. Valmont Industries, Inc. has a one year low of $250.07 and a one year high of $411.17.

Valmont Industries (NYSE:VMI - Get Free Report) last posted its quarterly earnings results on Tuesday, July 22nd. The industrial products company reported $4.88 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.78 by $0.10. The firm had revenue of $1.05 billion for the quarter, compared to analysts' expectations of $1.03 billion. Valmont Industries had a return on equity of 22.10% and a net margin of 5.98%.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 business earned $4.91 EPS. Valmont Industries has set its FY 2025 guidance at 17.500-19.500 EPS. Research analysts expect that Valmont Industries, Inc. will post 18.07 earnings per share for the current year.

Valmont Industries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Friday, September 26th will be paid a $0.68 dividend. 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%.

Analysts Set New Price Targets

A number of analysts recently weighed in on the company. Wall Street Zen downgraded Valmont Industries from a "buy" rating to a "hold" rating in a report on Saturday. DA Davidson increased their price target on Valmont Industries from $380.00 to $400.00 and gave the company a "neutral" rating in a research note on Wednesday, July 23rd. JPMorgan Chase & Co. initiated coverage on Valmont Industries in a research note on Friday, September 26th. They issued an "overweight" rating and a $480.00 price objective on the stock. Weiss Ratings reissued a "hold (c)" rating on shares of Valmont Industries in a research report on Wednesday. Finally, Stifel Nicolaus boosted 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. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Valmont Industries currently has an average rating of "Moderate Buy" and a consensus target price of $420.67.

Valmont Industries Company 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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