Corient IA LLC Takes $428,000 Position in Valmont Industries, Inc. $VMI

Key Points

• Corient IA LLC purchased 1,500 shares of Valmont Industries, valued at approximately $428,000, marking a new investment in the company during the first quarter.
• Valmont Industries reported $4.88 earnings per share for the last quarter, surpassing analysts' estimates and showing a 1.0% increase in revenue year-over-year.
• The company announced a quarterly dividend of $0.68 per share, indicating an annualized dividend yield of 0.7% and a payout ratio of 25.33%.

Corient IA LLC bought a new position in shares of Valmont Industries, Inc. (NYSE:VMI - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The fund bought 1,500 shares of the industrial products company's stock, valued at approximately $428,000.

A number of other institutional investors have also modified their holdings of VMI. Quarry LP lifted its position 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 purchasing an additional 162 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of 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 buying an additional 102 shares during the last quarter. Signaturefd LLC grew its position 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. New Age Alpha Advisors LLC bought a new stake in shares of Valmont Industries in the first quarter worth $82,000. Finally, Meeder Asset Management Inc. acquired a new stake in Valmont Industries in the first quarter valued at $90,000. Hedge funds and other institutional investors own 87.84% of the company's stock.

Valmont Industries Stock Performance

Shares of NYSE VMI traded down $9.7660 during midday trading on Wednesday, reaching $364.1740. 322,863 shares of the company traded hands, compared to its average volume of 163,888. Valmont Industries, Inc. has a 52 week low of $250.07 and a 52 week high of $384.08. The stock has a 50-day moving average price of $345.99 and a 200 day moving average price of $323.87. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.15 and a quick ratio of 1.44. The company has a market cap of $7.19 billion, a price-to-earnings ratio of 33.91 and a beta of 1.12.

Valmont Industries (NYSE:VMI - Get Free Report) last issued its quarterly earnings data on Tuesday, July 22nd. The industrial products company reported $4.88 earnings per share 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 business 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 business earned $4.91 earnings per share. The company's revenue was up 1.0% on a year-over-year basis. Valmont Industries has set its FY 2025 guidance at 17.500-19.500 EPS. Sell-side analysts anticipate that Valmont Industries, Inc. will post 18.07 earnings per share for the current fiscal year.

Valmont Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Friday, September 26th will be issued a $0.68 dividend. The ex-dividend date is Friday, September 26th. This represents a $2.72 annualized dividend and a dividend yield of 0.7%. Valmont Industries's dividend payout ratio is 25.33%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on VMI shares. 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 note on Wednesday, July 23rd. Wall Street Zen downgraded shares of Valmont Industries from a "buy" rating to a "hold" rating in a research note on Sunday, August 3rd. 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 note on Monday, July 21st. Finally, William Blair upgraded shares of Valmont Industries from a "market perform" rating to an "outperform" rating in a research note on Wednesday, April 23rd. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Valmont Industries has a consensus rating of "Moderate Buy" and a consensus price target of $391.00.

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 on Friday, August 1st. The stock was 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 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 SEC, which is available through this link. 1.50% of the stock is currently owned by company insiders.

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.