Fifth Third Wealth Advisors LLC Takes $207,000 Position in Valmont Industries, Inc. $VMI

Key Points

• Fifth Third Wealth Advisors LLC has acquired approximately $207,000 worth of shares in Valmont Industries, totaling 634 shares as reported in a recent SEC filing.
• Valmont Industries has experienced recent downgrades in its stock ratings, with Wall Street Zen changing its rating from "buy" to "hold" and analysts setting a consensus target price of $420.67.
• The company announced a quarterly dividend payout of $0.68 per share, which will be distributed on October 15th, with a yield of 0.7% based on its annualized dividend.

Fifth Third Wealth Advisors LLC bought a new stake in Valmont Industries, Inc. (NYSE:VMI - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 634 shares of the industrial products company's stock, valued at approximately $207,000.

Other large investors have also modified their holdings of the company. WPG Advisers LLC acquired a new position in shares of Valmont Industries in the 1st quarter valued at $27,000. Smartleaf Asset Management LLC boosted its holdings in shares of Valmont Industries by 87.7% in the 1st quarter. Smartleaf Asset Management LLC now owns 107 shares of the industrial products company's stock valued at $31,000 after buying an additional 50 shares in the last quarter. Geneos Wealth Management Inc. boosted its holdings in shares of Valmont Industries by 223.4% in the 1st quarter. Geneos Wealth Management Inc. now owns 152 shares of the industrial products company's stock valued at $43,000 after buying an additional 105 shares in the last quarter. Ameritas Advisory Services LLC acquired a new position in shares of Valmont Industries in the 2nd quarter valued at $46,000. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Valmont Industries in the second quarter valued at approximately $47,000. Institutional investors and hedge funds own 87.84% of the company's stock.

Analyst Ratings Changes

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

Valmont Industries Price Performance

Shares of NYSE VMI opened at $402.94 on Wednesday. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.15 and a quick ratio of 1.44. The stock has a fifty day moving average price of $378.82 and a 200 day moving average price of $338.35. Valmont Industries, Inc. has a 1-year low of $250.07 and a 1-year high of $411.17. The company has a market cap of $7.95 billion, a PE ratio of 37.52 and a beta of 1.15.

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, 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 firm had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.03 billion. During the same period last year, the company earned $4.91 earnings per share. The company's revenue for the quarter was up 1.0% on a year-over-year basis. Valmont Industries has set its FY 2025 guidance at 17.500-19.500 EPS. Sell-side analysts forecast that Valmont Industries, Inc. will post 18.07 EPS for the current year.

Valmont Industries Announces Dividend

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 given 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 is presently 25.33%.

Insider Transactions at Valmont Industries

In other Valmont Industries news, CAO Timothy P. Francis sold 2,867 shares of the stock in a transaction 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 in the company, 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 legal filing with the SEC, which can be accessed through this link. 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.

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