FCA Corp TX Cuts Stock Holdings in Valmont Industries, Inc. $VMI

Key Points

• FCA Corp TX reduced its stock position in Valmont Industries by 19.7% in the first quarter, selling 3,196 shares and bringing its total ownership to 13,000 shares, valued at approximately $3.71 million.
• Valmont Industries reported $4.88 earnings per share for the last quarter, exceeding analysts' expectations and marking a 1.0% year-over-year revenue increase with total revenue of $1.05 billion.
• The company declared a quarterly dividend of $0.68 per share, payable on October 15, contributing to an annual dividend yield of 0.7% with a payout ratio of 25.33%.

FCA Corp TX lessened its stake in shares of Valmont Industries, Inc. (NYSE:VMI - Free Report) by 19.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,000 shares of the industrial products company's stock after selling 3,196 shares during the quarter. Valmont Industries comprises 1.2% of FCA Corp TX's investment portfolio, making the stock its 27th biggest holding. FCA Corp TX owned about 0.06% of Valmont Industries worth $3,710,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Quarry LP boosted its position in shares of Valmont Industries by 395.1% during the 4th quarter. Quarry LP now owns 203 shares of the industrial products company's stock worth $62,000 after purchasing an additional 162 shares in the last quarter. GAMMA Investing LLC boosted its position 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 in the last quarter. Signaturefd LLC boosted its position 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 in the last quarter. New Age Alpha Advisors LLC acquired a new stake in shares of Valmont Industries in the 1st quarter worth about $82,000. Finally, Meeder Asset Management Inc. acquired a new stake in shares of Valmont Industries in the 1st quarter worth about $90,000. Institutional investors own 87.84% of the company's stock.

Insiders Place Their Bets

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 shares were sold at an average price of $358.52, for a total value of $1,027,876.84. Following the transaction, the chief accounting officer owned 9,746 shares in the company, valued at approximately $3,494,135.92. This represents a 22.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 1.50% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Stifel Nicolaus upped their target price 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. William Blair upgraded shares of Valmont Industries from a "market perform" rating to an "outperform" rating in a report on Wednesday, April 23rd. Wall Street Zen lowered shares of Valmont Industries from a "buy" rating to a "hold" rating in a report on Sunday, August 3rd. Finally, DA Davidson increased their price objective on shares of Valmont Industries from $380.00 to $400.00 and gave the company a "neutral" rating in a research note on Wednesday, July 23rd. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $391.00.

Valmont Industries Trading Down 0.5%

NYSE:VMI traded down $2.0640 during trading hours on Tuesday, reaching $373.5760. The company's stock had a trading volume of 93,172 shares, compared to its average volume of 162,424. The firm has a market capitalization of $7.37 billion, a price-to-earnings ratio of 34.92 and a beta of 1.12. The firm has a 50-day simple moving average of $344.96 and a 200-day simple moving average of $323.51. Valmont Industries, Inc. has a 1 year low of $250.07 and a 1 year high of $384.08. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.44 and a current ratio of 2.15.

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 (EPS) for the quarter, beating analysts' consensus estimates of $4.78 by $0.10. Valmont Industries had a net margin of 5.98% and a return on equity of 22.10%. The firm had revenue of $1.05 billion for the quarter, compared to analysts' expectations of $1.03 billion. During the same quarter in the previous year, the company earned $4.91 earnings per share. The company'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. Research analysts expect that Valmont Industries, Inc. will post 18.07 EPS for the current fiscal 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. This represents a $2.72 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Friday, September 26th. Valmont Industries's dividend payout ratio is 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.