Hsbc Holdings PLC Has $1.18 Million Holdings in Valmont Industries, Inc. $VMI

Key Points

• Hsbc Holdings PLC has reduced its stake in Valmont Industries by 18.1%, selling 917 shares and owning 4,145 shares worth approximately $1.18 million.
• Valmont Industries received upgrades from analysts, with Wall Street Zen moving its rating from "hold" to "buy" and a consensus target price now set at $391.00.
• The company has announced a quarterly dividend of $0.68 per share, representing a yield of 0.7% and a payout ratio of 25.33%.

Hsbc Holdings PLC decreased its position in shares of Valmont Industries, Inc. (NYSE:VMI - Free Report) by 18.1% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,145 shares of the industrial products company's stock after selling 917 shares during the quarter. Hsbc Holdings PLC's holdings in Valmont Industries were worth $1,180,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the stock. Quarry LP increased its position in shares of Valmont Industries by 395.1% during the fourth 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 lifted its stake in 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 acquiring an additional 102 shares in the last quarter. Signaturefd LLC lifted its stake in 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 acquiring an additional 52 shares in the last quarter. New Age Alpha Advisors LLC acquired a new stake in Valmont Industries in the 1st quarter valued at about $82,000. Finally, Meeder Asset Management Inc. acquired a new stake in Valmont Industries in the 1st quarter valued at about $90,000. 87.84% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Wall Street Zen upgraded Valmont Industries from a "hold" rating to a "buy" rating in a research note on Saturday. Stifel Nicolaus lifted their price objective on Valmont Industries from $345.00 to $382.00 and gave the stock a "buy" rating in a report on Monday, July 21st. Finally, DA Davidson raised their price target on Valmont Industries from $380.00 to $400.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 23rd. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $391.00.

Valmont Industries Stock Down 0.2%

Shares of NYSE VMI traded down $0.56 on Wednesday, hitting $365.86. The company had a trading volume of 239,011 shares, compared to its average volume of 167,209. Valmont Industries, Inc. has a 12-month low of $250.07 and a 12-month high of $384.08. The business has a 50 day moving average of $355.52 and a two-hundred day moving average of $326.96. The company has a quick ratio of 1.44, a current ratio of 2.15 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $7.22 billion, a P/E ratio of 34.09 and a beta of 1.14.

Valmont Industries (NYSE:VMI - Get Free Report) last issued its 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 company had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter in the prior year, the business earned $4.91 earnings per share. The company'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. As a group, equities research analysts forecast that Valmont Industries, Inc. will post 18.07 earnings per share for the current fiscal year.

Valmont Industries Announces Dividend

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

Insider Buying and Selling

In related news, CAO Timothy P. Francis sold 2,867 shares of the firm'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 value of $1,027,876.84. Following 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.50% of the stock is currently owned by corporate insiders.

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.