Invesco Ltd. Reduces Stake in Valmont Industries, Inc. $VMI

Key Points

• Invesco Ltd. has reduced its stake in Valmont Industries, Inc. by 5.9% after selling 13,444 shares, bringing its total holdings to 212,866 shares valued at approximately $60.7 million.
• The company reported a quarterly EPS of $4.88, surpassing analyst expectations, and a revenue of $1.05 billion, reflecting a 1.0% increase year-over-year.
• Valmont Industries declared a quarterly dividend of $0.68 per share, with a schedule for payment on October 15th, and an annualized dividend yield of 0.7%.

Invesco Ltd. lowered its stake in shares of Valmont Industries, Inc. (NYSE:VMI - Free Report) by 5.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 212,866 shares of the industrial products company's stock after selling 13,444 shares during the period. Invesco Ltd. owned approximately 1.06% of Valmont Industries worth $60,746,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Quarry LP raised its holdings 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 valued at $62,000 after purchasing an additional 162 shares during the period. GAMMA Investing LLC raised its holdings in shares of Valmont Industries by 82.3% during the first 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 period. Signaturefd LLC raised its holdings in shares of Valmont Industries by 23.9% during the first quarter. Signaturefd LLC now owns 270 shares of the industrial products company's stock valued at $77,000 after purchasing an additional 52 shares during the period. New Age Alpha Advisors LLC acquired a new position in shares of Valmont Industries during the first quarter valued at about $82,000. Finally, Meeder Asset Management Inc. acquired a new position in shares of Valmont Industries during the first quarter valued at about $90,000. Institutional investors and hedge funds own 87.84% of the company's stock.

Valmont Industries Stock Down 0.1%

VMI stock traded down $0.3430 during trading on Thursday, reaching $363.8570. The stock had a trading volume of 202,452 shares, compared to its average volume of 181,898. Valmont Industries, Inc. has a one year low of $250.07 and a one year high of $384.08. 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 company's 50 day moving average is $347.61 and its two-hundred day moving average is $324.42. The company has a market capitalization of $7.18 billion, a price-to-earnings ratio of 33.88 and a beta of 1.12.

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

Valmont Industries Announces Dividend

The business also recently announced 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. This represents a $2.72 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Friday, September 26th. Valmont Industries's payout ratio is presently 25.33%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on VMI shares. DA Davidson boosted their target price on shares of Valmont Industries from $380.00 to $400.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 23rd. Wall Street Zen downgraded shares of Valmont Industries from a "buy" rating to a "hold" rating in a research report on Sunday, August 3rd. Stifel Nicolaus boosted their target price on shares of Valmont Industries from $345.00 to $382.00 and gave the stock a "buy" rating in a research report on Monday, July 21st. Finally, William Blair raised shares of Valmont Industries from a "market perform" rating to an "outperform" rating in a research report on Wednesday, April 23rd. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Valmont Industries has a consensus rating of "Moderate Buy" and an average target price of $391.00.

Insiders Place Their Bets

In other Valmont Industries news, CAO Timothy P. Francis sold 2,867 shares of the business's stock in a transaction dated 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 transaction, the chief accounting officer directly owned 9,746 shares in the company, valued at $3,494,135.92. The trade was a 22.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.50% of the stock is currently owned by 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.