Cubist Systematic Strategies LLC Purchases 6,771 Shares of Valmont Industries, Inc. $VMI

Key Points

• Cubist Systematic Strategies LLC increased its stake in Valmont Industries by 32.5%, acquiring an additional 6,771 shares during the first quarter, bringing its total holding to 27,624 shares valued at approximately $7.88 million.
• Valmont Industries reported $4.88 EPS for the last quarter, exceeding analysts' expectations of $4.78, with revenue also surpassing projections at $1.05 billion.
• The company declared a quarterly dividend of $0.68 per share, with the ex-dividend date set for September 26th, reflecting a 0.7% yield and a dividend payout ratio of 25.33%.

Cubist Systematic Strategies LLC raised its stake in Valmont Industries, Inc. (NYSE:VMI - Free Report) by 32.5% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 27,624 shares of the industrial products company's stock after buying an additional 6,771 shares during the quarter. Cubist Systematic Strategies LLC owned 0.14% of Valmont Industries worth $7,883,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. WPG Advisers LLC acquired a new position in Valmont Industries in the 1st quarter valued at approximately $27,000. Smartleaf Asset Management LLC increased its stake in shares of Valmont Industries by 87.7% during the 1st 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. GAMMA Investing LLC increased 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 worth $64,000 after purchasing an additional 102 shares during the last quarter. Signaturefd LLC increased its stake 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 worth $77,000 after purchasing an additional 52 shares during the last quarter. Finally, New Age Alpha Advisors LLC acquired a new position in shares of Valmont Industries during the 1st quarter worth $82,000. Institutional investors and hedge funds own 87.84% of the company's stock.

Wall Street Analyst Weigh In

VMI has been the subject of several recent analyst reports. Stifel Nicolaus upped their price objective on shares of Valmont Industries from $345.00 to $382.00 and gave the stock a "buy" rating in a report on Monday, July 21st. Wall Street Zen downgraded shares of Valmont Industries from a "buy" rating to a "hold" rating in a report on Sunday. Finally, DA Davidson increased their price target on shares of Valmont Industries from $380.00 to $400.00 and gave the company a "neutral" rating in a report on Wednesday, July 23rd. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $391.00.

Insider Transactions at Valmont Industries

In other Valmont Industries news, CAO Timothy P. Francis sold 2,867 shares of Valmont Industries stock in a transaction 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 directly owned 9,746 shares of the company's stock, valued at $3,494,135.92. The trade was a 22.73% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.50% of the company's stock.

Valmont Industries Price Performance

VMI traded down $0.22 during midday trading on Friday, hitting $377.27. The company had a trading volume of 221,789 shares, compared to its average volume of 216,067. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.44 and a current ratio of 2.15. The company has a market capitalization of $7.45 billion, a PE ratio of 35.13 and a beta of 1.14. Valmont Industries, Inc. has a twelve month low of $250.07 and a twelve month high of $384.08. The firm's 50-day simple moving average is $358.12 and its 200-day simple moving average is $327.35.

Valmont Industries (NYSE:VMI - Get Free Report) last announced its quarterly earnings results 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. The firm had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.03 billion. Valmont Industries had a net margin of 5.98% and a return on equity of 22.10%. The business's revenue was up 1.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.91 earnings per share. Valmont Industries has set its FY 2025 guidance at 17.500-19.500 EPS. Equities research analysts predict that Valmont Industries, Inc. will post 18.07 EPS for the current fiscal year.

Valmont Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Investors 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 annualized dividend and a yield of 0.7%. Valmont Industries's dividend payout ratio (DPR) is presently 25.33%.

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.