Dimensional Fund Advisors LP Increases Holdings in Valmont Industries, Inc. $VMI

Key Points

• Dimensional Fund Advisors LP increased its stake in Valmont Industries to $122.68 million, owning 2.14% of the company after acquiring additional shares in the first quarter.
• Valmont Industries reported earnings of $4.88 per share, beating analysts' expectations, and is set to pay a quarterly dividend of $0.68 per share on October 15th.
• Two research analysts have rated Valmont Industries as a Buy, while one has issued a Hold rating, with a consensus price target of $391.00.

Dimensional Fund Advisors LP lifted its position in Valmont Industries, Inc. (NYSE:VMI - Free Report) by 1.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 429,900 shares of the industrial products company's stock after purchasing an additional 4,722 shares during the quarter. Dimensional Fund Advisors LP owned about 2.14% of Valmont Industries worth $122,682,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in VMI. Allianz Asset Management GmbH increased its holdings in shares of Valmont Industries by 118.0% in the first quarter. Allianz Asset Management GmbH now owns 274,769 shares of the industrial products company's stock worth $78,411,000 after purchasing an additional 148,740 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Valmont Industries by 51,911.3% in the first quarter. GAMMA Investing LLC now owns 64,494 shares of the industrial products company's stock worth $18,405,000 after purchasing an additional 64,370 shares during the last quarter. Nuveen LLC bought a new stake in shares of Valmont Industries in the first quarter worth about $16,519,000. Driehaus Capital Management LLC bought a new stake in shares of Valmont Industries in the fourth quarter worth about $14,180,000. Finally, Northern Trust Corp increased its holdings in shares of Valmont Industries by 20.8% in the fourth quarter. Northern Trust Corp now owns 201,559 shares of the industrial products company's stock worth $61,812,000 after purchasing an additional 34,666 shares during the last quarter. 87.84% of the stock is owned by institutional investors.

Valmont Industries Trading Down 0.3%

Shares of VMI traded down $1.08 during mid-day trading on Wednesday, reaching $375.11. 264,249 shares of the company's stock traded hands, compared to its average volume of 191,209. The stock has a market cap of $7.40 billion, a P/E ratio of 34.93 and a beta of 1.12. The stock's 50-day moving average is $351.78 and its two-hundred day moving average is $325.70. Valmont Industries, Inc. has a 12 month low of $250.07 and a 12 month high of $384.08. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.15 and a quick ratio of 1.44.

Valmont Industries (NYSE:VMI - Get Free Report) last released its earnings results on Tuesday, July 22nd. The industrial products company reported $4.88 EPS 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 analysts' expectations of $1.03 billion. Valmont Industries had a return on equity of 22.10% and a net margin of 5.98%.The company's quarterly revenue was up 1.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $4.91 earnings per share. Valmont Industries has set its FY 2025 guidance at 17.500-19.500 EPS. Research analysts forecast that Valmont Industries, Inc. will post 18.07 earnings per share for the current fiscal year.

Valmont Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Friday, September 26th will be paid a dividend of $0.68 per share. The ex-dividend date of this dividend is Friday, September 26th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 0.7%. Valmont Industries's dividend payout ratio is currently 25.33%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Wall Street Zen cut Valmont Industries from a "buy" rating to a "hold" rating in a research note on Sunday, August 3rd. Stifel Nicolaus boosted their price objective on Valmont Industries from $345.00 to $382.00 and gave the stock a "buy" rating in a research note on Monday, July 21st. Finally, DA Davidson boosted their price objective on Valmont Industries from $380.00 to $400.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 23rd. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $391.00.

Insider Activity at Valmont Industries

In other news, CAO Timothy P. Francis sold 2,867 shares of the company's stock in a transaction that occurred on Friday, August 1st. The stock was 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 transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 1.50% of the company's stock.

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.