Valmont Industries, Inc. $VMI Stock Position Raised by Gotham Asset Management LLC

Key Points

• Gotham Asset Management LLC significantly increased its stake in Valmont Industries, raising holdings by 57.1% to $21.15 million by acquiring an additional 26,928 shares.
• Valmont Industries reported an earnings per share (EPS) of $4.88, surpassing analyst expectations and indicating a year-over-year revenue increase of 1.0%.
• The company recently announced a quarterly dividend of $0.68 per share, reflecting a dividend yield of 0.7% and a payout ratio of 25.33%.

Gotham Asset Management LLC raised its stake in shares of Valmont Industries, Inc. (NYSE:VMI - Free Report) by 57.1% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 74,125 shares of the industrial products company's stock after purchasing an additional 26,928 shares during the period. Gotham Asset Management LLC owned 0.37% of Valmont Industries worth $21,153,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Voya Investment Management LLC increased its position in shares of Valmont Industries by 9.7% in the fourth quarter. Voya Investment Management LLC now owns 2,841 shares of the industrial products company's stock worth $871,000 after acquiring an additional 252 shares in the last quarter. AQR Capital Management LLC increased its position in shares of Valmont Industries by 61.7% in the fourth quarter. AQR Capital Management LLC now owns 17,258 shares of the industrial products company's stock worth $5,277,000 after acquiring an additional 6,588 shares in the last quarter. Ameriprise Financial Inc. increased its position in shares of Valmont Industries by 5.9% in the fourth quarter. Ameriprise Financial Inc. now owns 57,333 shares of the industrial products company's stock worth $17,583,000 after acquiring an additional 3,186 shares in the last quarter. Benjamin Edwards Inc. acquired a new stake in shares of Valmont Industries in the fourth quarter worth $906,000. Finally, Baird Financial Group Inc. increased its position in shares of Valmont Industries by 3.2% in the fourth quarter. Baird Financial Group Inc. now owns 3,168 shares of the industrial products company's stock worth $972,000 after acquiring an additional 98 shares in the last quarter. Institutional investors and hedge funds own 87.84% of the company's stock.

Insider Activity

In other news, CAO Timothy P. Francis sold 2,867 shares of the 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 completion of the transaction, 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 1.50% of the stock is owned by company insiders.

Analyst Ratings Changes

VMI has been the subject of several analyst reports. DA Davidson upped their target price 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. Wall Street Zen cut shares of Valmont Industries from a "buy" rating to a "hold" rating in a report on Sunday. Finally, Stifel Nicolaus increased their price objective 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. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $391.00.

Valmont Industries Price Performance

Shares of Valmont Industries stock traded down $7.22 on Tuesday, hitting $372.35. The company had a trading volume of 202,297 shares, compared to its average volume of 168,818. The business has a 50-day simple moving average of $359.18 and a 200-day simple moving average of $327.32. 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 company has a market cap of $7.35 billion, a PE ratio of 34.67 and a beta of 1.14. Valmont Industries, Inc. has a 52 week low of $250.07 and a 52 week high of $384.08.

Valmont Industries (NYSE:VMI - Get Free Report) last posted its quarterly earnings data on Tuesday, July 22nd. The industrial products company reported $4.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.78 by $0.10. The business had revenue of $1.05 billion during the quarter, compared to analysts' expectations of $1.03 billion. Valmont Industries had a net margin of 5.98% and a return on equity of 22.10%. The business's revenue was up 1.0% on a year-over-year basis. During the same period last 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 expect that Valmont Industries, Inc. will post 18.07 EPS for the current fiscal year.

Valmont Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Friday, September 26th will be issued a $0.68 dividend. The ex-dividend date is Friday, September 26th. This represents a $2.72 annualized dividend and a dividend yield of 0.7%. Valmont Industries's dividend payout ratio (DPR) is 25.33%.

About Valmont Industries

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.