Jump Financial LLC Acquires 6,855 Shares of Valmont Industries, Inc. $VMI

Key Points

• Jump Financial LLC significantly increased its holdings in Valmont Industries, acquiring an additional 6,855 shares, bringing its total to 9,968 shares valued at approximately $2.85 million.
• Valmont Industries reported earnings of $4.88 per share for the last quarter, exceeding expectations, while also announcing a quarterly dividend of $0.68 per share to be paid in October.
• Analysts have mixed ratings on Valmont Industries, with Stifel Nicolaus raising the price target to $382.00 but Wall Street Zen downgrading the stock from "buy" to "hold."

Jump Financial LLC boosted its holdings in Valmont Industries, Inc. (NYSE:VMI - Free Report) by 220.2% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 9,968 shares of the industrial products company's stock after purchasing an additional 6,855 shares during the quarter. Jump Financial LLC's holdings in Valmont Industries were worth $2,845,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in VMI. Dimensional Fund Advisors LP grew its stake in shares of Valmont Industries by 1.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 429,900 shares of the industrial products company's stock worth $122,682,000 after buying an additional 4,722 shares during the last quarter. Segall Bryant & Hamill LLC grew its stake in shares of Valmont Industries by 3.4% in the first quarter. Segall Bryant & Hamill LLC now owns 299,901 shares of the industrial products company's stock worth $85,583,000 after acquiring an additional 9,979 shares during the last quarter. Allianz Asset Management GmbH increased its holdings in shares of Valmont Industries by 118.0% during the first quarter. Allianz Asset Management GmbH now owns 274,769 shares of the industrial products company's stock valued at $78,411,000 after acquiring an additional 148,740 shares in the last quarter. Northern Trust Corp raised its position in shares of Valmont Industries by 7.3% in 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 during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its stake in Valmont Industries by 759.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 172,967 shares of the industrial products company's stock worth $49,361,000 after purchasing an additional 152,832 shares in the last quarter. Institutional investors own 87.84% of the company's stock.

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 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 owned 9,746 shares in the company, valued at $3,494,135.92. This represents a 22.73% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.50% of the stock is owned by insiders.

Wall Street Analyst Weigh In

VMI has been the subject of a number of analyst reports. Stifel Nicolaus raised their price objective on shares of Valmont Industries from $345.00 to $382.00 and gave the company a "buy" rating in a research note on Monday, July 21st. Wall Street Zen downgraded shares of Valmont Industries from a "buy" rating to a "hold" rating in a research report on Sunday, August 3rd. Finally, DA Davidson upped their price objective on Valmont Industries from $380.00 to $400.00 and gave the company a "neutral" rating in a research report on Wednesday, July 23rd. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $391.00.

Valmont Industries Price Performance

Shares of VMI opened at $375.66 on Wednesday. The firm has a fifty day simple moving average of $350.69 and a two-hundred day simple moving average of $325.35. The firm has a market cap of $7.42 billion, a PE ratio of 34.98 and a beta of 1.12. 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 1-year low of $250.07 and a 1-year high of $384.08.

Valmont Industries (NYSE:VMI - Get Free Report) last released its quarterly earnings results 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 firm had revenue of $1.05 billion for 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 company's revenue for the quarter was up 1.0% on a year-over-year basis. During the same period last year, the business posted $4.91 EPS. Valmont Industries has set its FY 2025 guidance at 17.500-19.500 EPS. On average, equities analysts anticipate 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. Stockholders of record on Friday, September 26th will be given a dividend of $0.68 per share. The ex-dividend date of this dividend is Friday, September 26th. This represents a $2.72 annualized dividend and a dividend yield of 0.7%. Valmont Industries's dividend payout ratio is presently 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.

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