Ceredex Value Advisors LLC Decreases Stake in Valmont Industries, Inc. $VMI

Key Points

• Ceredex Value Advisors LLC sold 18,300 shares of Valmont Industries, reducing its stake by 38.5% to 29,200 shares, now valued at approximately $8.33 million.
• Institutional ownership of Valmont Industries is high, with 87.84% held by institutions; notable investors include Price T Rowe Associates and Allianz Asset Management, which significantly increased their stakes.
• Valmont Industries has received mixed analyst ratings, with a current consensus of "Moderate Buy" and an average price target of $391.00, following recent price target adjustments by multiple analysts.

Ceredex Value Advisors LLC cut its stake in shares of Valmont Industries, Inc. (NYSE:VMI - Free Report) by 38.5% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 29,200 shares of the industrial products company's stock after selling 18,300 shares during the period. Ceredex Value Advisors LLC owned about 0.15% of Valmont Industries worth $8,333,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in VMI. Smartleaf Asset Management LLC grew its holdings in shares of Valmont Industries by 87.7% during the first quarter. Smartleaf Asset Management LLC now owns 107 shares of the industrial products company's stock worth $31,000 after buying an additional 50 shares in the last quarter. Quarry LP grew its holdings in shares of Valmont Industries by 395.1% during the fourth quarter. Quarry LP now owns 203 shares of the industrial products company's stock worth $62,000 after buying an additional 162 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Valmont Industries by 82.3% during the first quarter. GAMMA Investing LLC now owns 226 shares of the industrial products company's stock worth $64,000 after buying an additional 102 shares in the last quarter. Signaturefd LLC grew its holdings 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 worth $77,000 after buying an additional 52 shares in the last quarter. Finally, New Age Alpha Advisors LLC purchased a new stake in shares of Valmont Industries during the first quarter worth $82,000. 87.84% of the stock is currently owned by institutional investors and hedge funds.

Valmont Industries Trading Down 1.8%

NYSE VMI traded down $6.71 during trading hours on Friday, reaching $367.47. The company had a trading volume of 247,320 shares, compared to its average volume of 196,550. The stock has a 50-day moving average of $353.82 and a 200 day moving average of $326.30. Valmont Industries, Inc. has a 1-year low of $250.07 and a 1-year high of $384.08. 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 stock has a market capitalization of $7.25 billion, a P/E ratio of 34.21 and a beta of 1.12.

Valmont Industries (NYSE:VMI - Get Free Report) last posted its earnings results on Tuesday, July 22nd. The industrial products company reported $4.88 EPS for the quarter, beating analysts' consensus estimates of $4.78 by $0.10. Valmont Industries had a net margin of 5.98% and a return on equity of 22.10%. The company had revenue of $1.05 billion for the quarter, compared to analysts' expectations of $1.03 billion. During the same quarter in the prior year, the company posted $4.91 earnings per share. Valmont Industries's revenue for the quarter 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 earnings per share for the current fiscal year.

Valmont Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Friday, September 26th will be given a $0.68 dividend. The ex-dividend date of this dividend 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 presently 25.33%.

Insider Buying and Selling

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 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.50% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on VMI shares. DA Davidson upped their target price on shares of Valmont Industries from $380.00 to $400.00 and gave the stock a "neutral" rating in a report on Wednesday, July 23rd. Wall Street Zen lowered shares of Valmont Industries from a "buy" rating to a "hold" rating in a report on Sunday, August 3rd. Finally, Stifel Nicolaus upped their price objective on shares of Valmont Industries from $345.00 to $382.00 and gave the company a "buy" rating in a 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 company has an average rating of "Moderate Buy" and a consensus target price of $391.00.

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.