Fox Run Management L.L.C. Purchases Shares of 5,004 Valmont Industries, Inc. $VMI

Key Points

• Fox Run Management L.L.C. has acquired a new stake of 5,004 shares in Valmont Industries, valued at approximately $1.428 million.
• Institutional investors currently hold 87.84% of Valmont Industries' shares, with several funds increasing their positions in the fourth quarter.
• Valmont Industries has announced a quarterly dividend of $0.68 per share, set to be paid on October 15th, with an annualized yield of 0.7%.

Fox Run Management L.L.C. acquired a new stake in shares of Valmont Industries, Inc. (NYSE:VMI - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 5,004 shares of the industrial products company's stock, valued at approximately $1,428,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Quarry LP lifted its stake in shares of Valmont Industries by 395.1% in the fourth quarter. Quarry LP now owns 203 shares of the industrial products company's stock worth $62,000 after buying an additional 162 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of Valmont Industries by 82.3% in the first quarter. GAMMA Investing LLC now owns 226 shares of the industrial products company's stock worth $64,000 after buying an additional 102 shares in the last quarter. Signaturefd LLC lifted its stake in shares of Valmont Industries by 23.9% in the first quarter. Signaturefd LLC now owns 270 shares of the industrial products company's stock worth $77,000 after buying an additional 52 shares in the last quarter. New Age Alpha Advisors LLC purchased a new position in shares of Valmont Industries in the first quarter worth about $82,000. Finally, Meeder Asset Management Inc. purchased a new position in shares of Valmont Industries in the first quarter worth about $90,000. 87.84% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Valmont Industries

In other Valmont Industries news, CAO Timothy P. Francis sold 2,867 shares of Valmont Industries stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $358.52, for a total transaction of $1,027,876.84. Following the completion of the sale, the chief accounting officer directly owned 9,746 shares in the company, valued at $3,494,135.92. This trade represents a 22.73% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.50% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on VMI. William Blair raised shares of Valmont Industries from a "market perform" rating to an "outperform" rating in a research note on Wednesday, April 23rd. DA Davidson raised their price target on shares of Valmont Industries from $380.00 to $400.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 23rd. Wall Street Zen downgraded shares of Valmont Industries from a "buy" rating to a "hold" rating in a research note on Sunday, August 3rd. Finally, Stifel Nicolaus raised their price target on shares of Valmont Industries from $345.00 to $382.00 and gave the stock a "buy" rating in a research note on Monday, July 21st. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $391.00.

Valmont Industries Trading Down 0.5%

Valmont Industries stock traded down $2.0640 during midday trading on Tuesday, hitting $373.5760. 93,172 shares of the stock were exchanged, compared to its average volume of 162,424. Valmont Industries, Inc. has a fifty-two week low of $250.07 and a fifty-two week high of $384.08. The stock has a market capitalization of $7.37 billion, a price-to-earnings ratio of 34.92 and a beta of 1.12. The stock's 50-day simple moving average is $344.96 and its 200 day simple moving average is $323.51. The company has a current ratio of 2.15, a quick ratio of 1.44 and a debt-to-equity ratio of 0.48.

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, topping the consensus estimate 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 during the quarter, compared to analysts' expectations of $1.03 billion. During the same period last year, the business earned $4.91 earnings per share. Valmont Industries's revenue 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. On average, equities analysts anticipate that Valmont Industries, Inc. will post 18.07 EPS for the current year.

Valmont Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Friday, September 26th will be given a dividend of $0.68 per share. The ex-dividend date 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 (DPR) is currently 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.