Valmont Industries, Inc. (NYSE:VMI) Shares Purchased by De Lisle Partners LLP

Key Points

• De Lisle Partners LLP increased its holdings in Valmont Industries by 8.8%, owning a total of 24,800 shares after purchasing an additional 2,000 shares during the first quarter.
• Valmont Industries reported earnings of $4.88 per share, surpassing analyst expectations, with quarterly revenue of $1.05 billion, reflecting a year-over-year increase.
• The company declared a quarterly dividend of $0.68 per share to be paid on October 15, 2023, representing an annual yield of 0.76%.

De Lisle Partners LLP lifted its stake in Valmont Industries, Inc. (NYSE:VMI - Free Report) by 8.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,800 shares of the industrial products company's stock after acquiring an additional 2,000 shares during the period. Valmont Industries makes up about 1.2% of De Lisle Partners LLP's holdings, making the stock its 21st largest holding. De Lisle Partners LLP owned 0.12% of Valmont Industries worth $7,073,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in VMI. Aster Capital Management DIFC Ltd boosted its holdings in Valmont Industries by 175.7% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 193 shares of the industrial products company's stock worth $59,000 after buying an additional 123 shares during the last quarter. Quarry LP boosted its holdings in shares of Valmont Industries by 395.1% in the 4th 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 last quarter. GAMMA Investing LLC increased its stake in 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 buying an additional 102 shares during the period. Signaturefd LLC boosted its stake in 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 purchasing an additional 52 shares during the period. Finally, Meeder Asset Management Inc. acquired a new stake in Valmont Industries during the first quarter valued at approximately $90,000. Hedge funds and other institutional investors own 87.84% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on VMI. DA Davidson increased their target price on shares of Valmont Industries from $380.00 to $400.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 23rd. Wall Street Zen raised Valmont Industries from a "hold" rating to a "buy" rating in a research note on Saturday. Stifel Nicolaus raised their price objective on 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 Valmont Industries from a "market perform" rating to an "outperform" rating in a research report on Wednesday, April 23rd.

Valmont Industries Trading Up 0.3%

Valmont Industries stock traded up $0.91 during midday trading on Wednesday, reaching $364.09. The stock had a trading volume of 157,277 shares, compared to its average volume of 179,406. 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 market capitalization of $7.31 billion, a PE ratio of 33.90 and a beta of 1.12. Valmont Industries, Inc. has a twelve month low of $250.07 and a twelve month high of $379.22. The stock's 50-day simple moving average is $331.64 and its 200 day simple moving average is $320.16.

Valmont Industries (NYSE:VMI - Get Free Report) last issued 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 business had revenue of $1.05 billion during 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%. Valmont Industries's revenue for the quarter was up 1.0% compared to the same quarter last year. During the same quarter last year, the business posted $4.91 earnings per share. Analysts expect that Valmont Industries, Inc. will post 18.07 EPS for the current year.

Valmont Industries Announces Dividend

The business 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 of this dividend is Friday, September 26th. This represents a $2.72 annualized dividend and a yield of 0.75%. Valmont Industries's dividend payout ratio (DPR) is presently 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.