Cresset Asset Management LLC bought a new stake in Valmont Industries, Inc. (NYSE:VMI - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 895 shares of the industrial products company's stock, valued at approximately $256,000.
Other institutional investors and hedge funds have also made changes to their positions in the company. Quarry LP lifted its stake in shares of Valmont Industries by 395.1% in the fourth quarter. Quarry LP now owns 203 shares of the industrial products company's stock valued at $62,000 after purchasing an additional 162 shares during the period. GAMMA Investing LLC increased its holdings in Valmont Industries by 82.3% in the first 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 in the last quarter. Signaturefd LLC lifted its position in shares of Valmont Industries by 23.9% during the 1st 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 period. New Age Alpha Advisors LLC purchased a new stake in shares of Valmont Industries during the 1st quarter worth approximately $82,000. Finally, Meeder Asset Management Inc. acquired a new stake in shares of Valmont Industries in the 1st quarter worth approximately $90,000. 87.84% of the stock is owned by institutional investors and hedge funds.
Valmont Industries Stock Performance
Valmont Industries stock opened at $375.66 on Wednesday. Valmont Industries, Inc. has a fifty-two week low of $250.07 and a fifty-two week high of $384.08. The company has a market capitalization of $7.42 billion, a price-to-earnings ratio of 34.98 and a beta of 1.12. The stock has a fifty day moving average of $350.69 and a two-hundred day moving average of $325.35. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.44 and a current ratio of 2.15.
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 (EPS) for the quarter, beating the consensus estimate 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 return on equity of 22.10% and a net margin of 5.98%.The business's revenue was up 1.0% on a year-over-year basis. During the same period in the prior year, the business earned $4.91 earnings per share. Valmont Industries has set its FY 2025 guidance at 17.500-19.500 EPS. On average, analysts anticipate that Valmont Industries, Inc. will post 18.07 EPS for the current fiscal year.
Valmont Industries Dividend Announcement
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 given a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Friday, September 26th. Valmont Industries's payout ratio is currently 25.33%.
Wall Street Analysts Forecast Growth
Several equities analysts recently weighed in on VMI shares. DA Davidson lifted their price objective on Valmont Industries from $380.00 to $400.00 and gave the stock a "neutral" rating in a report on Wednesday, July 23rd. Stifel Nicolaus raised their price target on Valmont Industries from $345.00 to $382.00 and gave the company a "buy" rating in a research report on Monday, July 21st. Finally, Wall Street Zen lowered shares of Valmont Industries from a "buy" rating to a "hold" rating in a research report on Sunday, August 3rd. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, Valmont Industries has an average rating of "Moderate Buy" and an average price target of $391.00.
Check Out Our Latest Stock Analysis on Valmont Industries
Insider Buying and Selling at Valmont Industries
In related 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 transaction of $1,027,876.84. Following the transaction, 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 filing with the SEC, which is available at the SEC website. 1.50% of the stock is currently owned by corporate insiders.
About Valmont Industries
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Free Report)
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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