CW Advisors LLC Buys 3,085 Shares of Valmont Industries, Inc. $VMI

Key Points

• CW Advisors LLC increased its stake in Valmont Industries by 28.1%, owning 14,056 shares valued at $4.01 million as of the latest reporting period.
• Valmont experienced mixed analyst ratings, with Stifel Nicolaus raising its target price to $382.00 and Wall Street Zen downgrading it to a "hold." The stock currently has a consensus rating of "Moderate Buy."
• The company announced a quarterly dividend of $0.68 per share, reflecting a 0.7% dividend yield, with the ex-dividend date set for September 26th.

CW Advisors LLC raised its stake in Valmont Industries, Inc. (NYSE:VMI - Free Report) by 28.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,056 shares of the industrial products company's stock after acquiring an additional 3,085 shares during the period. CW Advisors LLC owned approximately 0.07% of Valmont Industries worth $4,011,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in VMI. Price T Rowe Associates Inc. MD raised its holdings in Valmont Industries by 759.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 172,967 shares of the industrial products company's stock valued at $49,361,000 after acquiring an additional 152,832 shares in the last quarter. Allianz Asset Management GmbH raised its holdings in shares of Valmont Industries by 118.0% during the 1st quarter. Allianz Asset Management GmbH now owns 274,769 shares of the industrial products company's stock worth $78,411,000 after buying an additional 148,740 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Valmont Industries by 51,911.3% during the 1st quarter. GAMMA Investing LLC now owns 64,494 shares of the industrial products company's stock worth $18,405,000 after buying an additional 64,370 shares in the last quarter. Nuveen LLC acquired a new position in shares of Valmont Industries during the 1st quarter worth $16,519,000. Finally, Driehaus Capital Management LLC acquired a new position in shares of Valmont Industries during the 4th quarter worth $14,180,000. 87.84% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Valmont Industries

In other Valmont Industries news, CAO Timothy P. Francis sold 2,867 shares of the company's stock in a transaction dated 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 sale, the chief accounting officer owned 9,746 shares in the company, valued at approximately $3,494,135.92. The trade was a 22.73% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 1.50% of the company's stock.

Analyst Ratings Changes

VMI has been the subject of a number of research analyst reports. DA Davidson boosted their price target 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 boosted their price target on Valmont Industries from $345.00 to $382.00 and gave the stock a "buy" rating in a report on Monday, July 21st. Finally, Wall Street Zen cut Valmont Industries from a "buy" rating to a "hold" rating in a report on Sunday, August 3rd. 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, Valmont Industries currently has a consensus rating of "Moderate Buy" and an average target price of $391.00.

Valmont Industries Price Performance

VMI traded down $7.60 on Friday, reaching $366.57. The stock had a trading volume of 141,591 shares, compared to its average volume of 165,340. Valmont Industries, Inc. has a fifty-two week low of $250.07 and a fifty-two week high of $384.08. The firm has a 50-day moving average of $352.84 and a 200-day moving average of $326.01. 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 company has a market capitalization of $7.24 billion, a price-to-earnings ratio of 34.12 and a beta of 1.12.

Valmont Industries (NYSE:VMI - Get Free Report) last issued its 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. Valmont Industries had a return on equity of 22.10% and a net margin of 5.98%.The business had revenue of $1.05 billion during the quarter, compared to analysts' expectations of $1.03 billion. During the same quarter in the prior year, the firm earned $4.91 EPS. The business'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, sell-side analysts anticipate that Valmont Industries, Inc. will post 18.07 EPS 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 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 is Friday, September 26th. Valmont Industries's payout ratio is 25.33%.

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.