Valmont Industries, Inc. $VMI Shares Purchased by Inspire Investing LLC

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 grew its position in Valmont Industries, Inc. (NYSE:VMI - Free Report) by 170.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,610 shares of the industrial products company's stock after buying an additional 2,276 shares during the quarter. Inspire Investing LLC's holdings in Valmont Industries were worth $1,030,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. WPG Advisers LLC purchased a new stake in shares of Valmont Industries during the 1st quarter worth $27,000. Smartleaf Asset Management LLC lifted its stake 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 worth $31,000 after purchasing an additional 50 shares during the last quarter. Geneos Wealth Management Inc. lifted its stake in shares of 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 during the last quarter. GAMMA Investing LLC lifted its stake in shares of 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 purchasing an additional 102 shares during the last quarter. Finally, Signaturefd LLC lifted its stake in shares of 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 purchasing an additional 52 shares during the last quarter. 87.84% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on VMI shares. DA Davidson upped their price objective on 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 lowered Valmont Industries from a "buy" rating to a "hold" rating in a research report on Sunday, September 7th. Finally, Stifel Nicolaus upped 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. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $391.00.

Insider Buying and Selling at Valmont Industries

In other news, CAO Timothy P. Francis sold 2,867 shares of the stock in a transaction dated 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 transaction, the chief accounting officer directly owned 9,746 shares of the company's stock, valued at approximately $3,494,135.92. This represents a 22.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.50% of the company's stock.

Valmont Industries Stock Performance

Shares of VMI stock traded up $4.24 during mid-day trading on Monday, reaching $377.86. The stock had a trading volume of 186,007 shares, compared to its average volume of 216,368. The business's fifty day moving average is $363.01 and its 200-day moving average is $328.43. The company has a current ratio of 2.15, a quick ratio of 1.44 and a debt-to-equity ratio of 0.48. The firm has a market cap of $7.46 billion, a price-to-earnings ratio of 35.18 and a beta of 1.14. Valmont Industries, Inc. has a 1-year low of $250.07 and a 1-year high of $388.55.

Valmont Industries (NYSE:VMI - Get Free Report) last announced its quarterly earnings data on Tuesday, July 22nd. The industrial products company reported $4.88 earnings per share for the quarter, beating analysts' consensus estimates of $4.78 by $0.10. The business had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.03 billion. Valmont Industries had a return on equity of 22.10% and a net margin of 5.98%.The company's revenue was up 1.0% on a year-over-year basis. During the same period in the prior year, the company earned $4.91 earnings per share. Valmont Industries has set its FY 2025 guidance at 17.500-19.500 EPS. On average, research analysts forecast that Valmont Industries, Inc. will post 18.07 earnings per share for the current year.

Valmont Industries Dividend Announcement

The company 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 of this dividend 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 is currently 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.