Cwm LLC Acquires 3,533 Shares of Valmont Industries, Inc. $VMI

Key Points

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Cwm LLC boosted its holdings in Valmont Industries, Inc. (NYSE:VMI - Free Report) by 7.7% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 49,137 shares of the industrial products company's stock after acquiring an additional 3,533 shares during the quarter. Cwm LLC owned 0.24% of Valmont Industries worth $16,047,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. WPG Advisers LLC bought a new position in shares of Valmont Industries during the 1st quarter valued at about $27,000. Smartleaf Asset Management LLC increased its position 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 valued at $31,000 after purchasing an additional 50 shares during the last quarter. Ameritas Advisory Services LLC bought a new position in shares of Valmont Industries during the 2nd quarter valued at about $46,000. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Valmont Industries during the 2nd quarter valued at about $47,000. Finally, Parallel Advisors LLC increased its position in shares of Valmont Industries by 128.8% during the 2nd quarter. Parallel Advisors LLC now owns 151 shares of the industrial products company's stock valued at $49,000 after purchasing an additional 85 shares during the last quarter. 87.84% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CAO Timothy P. Francis sold 2,867 shares of the stock in a transaction that occurred 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 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.50% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on VMI shares. JPMorgan Chase & Co. started coverage on Valmont Industries in a research report on Friday, September 26th. They set an "overweight" rating and a $480.00 price objective on the stock. Wall Street Zen lowered Valmont Industries from a "buy" rating to a "hold" rating in a research report on Saturday. DA Davidson increased their target price on Valmont Industries from $380.00 to $400.00 and gave the company a "neutral" rating in a report on Wednesday, July 23rd. Stifel Nicolaus increased their target price on Valmont Industries from $345.00 to $382.00 and gave the company a "buy" rating in a report on Monday, July 21st. Finally, Weiss Ratings restated a "hold (c)" rating on shares of Valmont Industries in a report on Wednesday, October 8th. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Valmont Industries has a consensus rating of "Moderate Buy" and an average target price of $420.67.

Valmont Industries Trading Up 2.0%

NYSE VMI opened at $397.92 on Tuesday. Valmont Industries, Inc. has a fifty-two week low of $250.07 and a fifty-two week high of $411.17. 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 stock has a 50 day simple moving average of $378.11 and a two-hundred day simple moving average of $337.89. The stock has a market cap of $7.86 billion, a P/E ratio of 37.05 and a beta of 1.15.

Valmont Industries (NYSE:VMI - Get Free Report) last released its quarterly earnings data on Tuesday, July 22nd. The industrial products company reported $4.88 earnings per share for the quarter, topping the consensus estimate 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 last year, the business posted $4.91 EPS. The business'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. On average, analysts forecast that Valmont Industries, Inc. will post 18.07 earnings per share for the current year.

Valmont Industries Dividend Announcement

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

About Valmont Industries

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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