Inspire Investing LLC Buys 2,276 Shares of Valmont Industries, Inc. $VMI

Key Points

• Inspire Investing LLC significantly increased its stake in Valmont Industries, purchasing an additional 2,276 shares, raising its total holdings by 170.6% to 3,610 shares valued at $1,030,000.
• Valmont Industries recently reported earnings of $4.88 per share, exceeding analysts' estimates, while their revenue for the quarter was $1.05 billion, up by 1% compared to the previous year.
• The company will pay a quarterly dividend of $0.68 per share on October 15th, with an annualized yield of 0.7% and a dividend payout ratio of 25.33%.

Inspire Investing LLC raised its holdings in Valmont Industries, Inc. (NYSE:VMI - Free Report) by 170.6% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,610 shares of the industrial products company's stock after purchasing an additional 2,276 shares during the quarter. Inspire Investing LLC's holdings in Valmont Industries were worth $1,030,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. WPG Advisers LLC acquired a new stake in Valmont Industries in the first quarter valued at about $27,000. Smartleaf Asset Management LLC grew its holdings in shares of Valmont Industries by 87.7% during the 1st quarter. Smartleaf Asset Management LLC now owns 107 shares of the industrial products company's stock valued at $31,000 after purchasing an additional 50 shares during the last quarter. Geneos Wealth Management Inc. increased its position in Valmont Industries by 223.4% during the 1st quarter. Geneos Wealth Management Inc. now owns 152 shares of the industrial products company's stock worth $43,000 after purchasing an additional 105 shares in the last quarter. GAMMA Investing LLC lifted its stake in Valmont Industries by 82.3% in the 1st quarter. GAMMA Investing LLC now owns 226 shares of the industrial products company's stock valued at $64,000 after purchasing an additional 102 shares during the last quarter. Finally, Signaturefd LLC boosted its position in Valmont Industries by 23.9% in the first quarter. Signaturefd LLC now owns 270 shares of the industrial products company's stock valued at $77,000 after buying an additional 52 shares in the last quarter. Institutional investors and hedge funds own 87.84% of the company's stock.

Valmont Industries Trading Up 1.9%

Shares of VMI traded up $7.06 during trading hours on Thursday, hitting $379.60. 125,091 shares of the stock were exchanged, compared to its average volume of 168,935. The firm has a market capitalization of $7.49 billion, a P/E ratio of 35.34 and a beta of 1.14. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.15 and a quick ratio of 1.44. Valmont Industries, Inc. has a fifty-two week low of $250.07 and a fifty-two week high of $388.55. The business has a 50-day moving average of $364.30 and a 200-day moving average of $329.05.

Valmont Industries (NYSE:VMI - Get Free Report) last issued its quarterly earnings results on Tuesday, July 22nd. The industrial products company reported $4.88 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 business had revenue of $1.05 billion for the quarter, compared to analysts' expectations of $1.03 billion. During the same quarter in the prior year, the firm posted $4.91 earnings per share. The business's quarterly 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, research analysts expect that Valmont Industries, Inc. will post 18.07 EPS for the current year.

Valmont Industries Announces Dividend

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

Insider Activity

In other Valmont Industries news, CAO Timothy P. Francis sold 2,867 shares of the stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $358.52, for a total transaction of $1,027,876.84. Following the transaction, the chief accounting officer directly owned 9,746 shares in the company, valued at approximately $3,494,135.92. This represents a 22.73% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.50% of the company's stock.

Analyst Upgrades and Downgrades

VMI has been the subject of a number of research reports. DA Davidson increased their price target on Valmont Industries from $380.00 to $400.00 and gave the company a "neutral" rating in a research note on Wednesday, July 23rd. Stifel Nicolaus increased their target price on Valmont Industries from $345.00 to $382.00 and gave the company a "buy" rating in a research report on Monday, July 21st. Finally, Wall Street Zen cut Valmont Industries from a "buy" rating to a "hold" rating in a report on Sunday, September 7th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $391.00.

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.