Inspire Investing LLC cut its stake in Valmont Industries, Inc. (NYSE:VMI - Free Report) by 66.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,219 shares of the industrial products company's stock after selling 2,391 shares during the quarter. Inspire Investing LLC's holdings in Valmont Industries were worth $398,000 at the end of the most recent quarter.
A number of other large investors have also bought and sold shares of the business. Dimensional Fund Advisors LP increased its stake in Valmont Industries by 1.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 429,900 shares of the industrial products company's stock worth $122,682,000 after purchasing an additional 4,722 shares in the last quarter. Segall Bryant & Hamill LLC increased its stake in Valmont Industries by 3.4% during the 1st quarter. Segall Bryant & Hamill LLC now owns 299,901 shares of the industrial products company's stock worth $85,583,000 after purchasing an additional 9,979 shares in the last quarter. Allianz Asset Management GmbH increased its stake in Valmont Industries by 118.0% during the 1st quarter. Allianz Asset Management GmbH now owns 274,769 shares of the industrial products company's stock worth $78,411,000 after purchasing an additional 148,740 shares in the last quarter. Northern Trust Corp increased its stake in Valmont Industries by 7.3% during the 1st quarter. Northern Trust Corp now owns 216,253 shares of the industrial products company's stock worth $61,712,000 after purchasing an additional 14,694 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. increased its stake in Valmont Industries by 42.9% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 187,765 shares of the industrial products company's stock worth $61,318,000 after purchasing an additional 56,380 shares in the last quarter. 87.84% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
A number of analysts recently issued reports on the company. DA Davidson increased their target price on Valmont Industries from $380.00 to $400.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 23rd. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Valmont Industries in a research note on Wednesday, October 8th. JPMorgan Chase & Co. began coverage on shares of Valmont Industries in a research note on Friday, September 26th. They set an "overweight" rating and a $480.00 price target for the company. Wall Street Zen cut shares of Valmont Industries from a "buy" rating to a "hold" rating in a research note on Saturday. 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. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Valmont Industries has an average rating of "Moderate Buy" and an average target price of $420.67.
View Our Latest Analysis on VMI
Valmont Industries Trading Up 2.0%
NYSE VMI opened at $397.92 on Tuesday. The company has a market cap of $7.86 billion, a PE ratio of 37.05 and a beta of 1.15. 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, Inc. has a 12 month low of $250.07 and a 12 month high of $411.17. The stock has a 50 day moving average of $378.11 and a 200-day moving average of $337.89.
Valmont Industries (NYSE:VMI - Get Free Report) last released its quarterly earnings data on Tuesday, July 22nd. The industrial products company reported $4.88 EPS for the quarter, beating the consensus estimate of $4.78 by $0.10. The company had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.03 billion. Valmont Industries had a return on equity of 22.10% and a net margin of 5.98%.The firm's revenue for the quarter was up 1.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $4.91 EPS. Valmont Industries has set its FY 2025 guidance at 17.500-19.500 EPS. On average, equities research analysts anticipate 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. This represents a $2.72 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Friday, September 26th. Valmont Industries's dividend payout ratio is presently 25.33%.
Insider Activity at Valmont Industries
In other 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 value of $1,027,876.84. Following the completion of the sale, the chief accounting officer owned 9,746 shares of the company's stock, 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 SEC, which can be accessed through the SEC website. Insiders own 1.50% of the company's stock.
About Valmont Industries
(
Free Report)
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.
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