Koshinski Asset Management Inc. Acquires New Stake in Valmont Industries, Inc. $VMI

Key Points

• Koshinski Asset Management Inc. has acquired a new stake in Valmont Industries, Inc., purchasing 626 shares valued at approximately $204,000 during the second quarter.
• Valmont Industries reported earnings of $4.98 per share for the last quarter, exceeding expectations, and noted a 2.5% increase in revenue compared to the same quarter last year.
• The company declared a quarterly dividend of $0.68 per share, contributing to an annualized yield of 0.7% and a payout ratio of 25.33%.

Koshinski Asset Management Inc. acquired a new stake in Valmont Industries, Inc. (NYSE:VMI - Free Report) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 626 shares of the industrial products company's stock, valued at approximately $204,000.

Several other institutional investors have also added to or reduced their stakes in the stock. Dimensional Fund Advisors LP lifted its position in 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 valued at $122,682,000 after acquiring an additional 4,722 shares in the last quarter. Segall Bryant & Hamill LLC lifted its position in Valmont Industries by 3.4% in the 1st quarter. Segall Bryant & Hamill LLC now owns 299,901 shares of the industrial products company's stock valued at $85,583,000 after acquiring an additional 9,979 shares in the last quarter. Allianz Asset Management GmbH lifted its position in Valmont Industries by 2.0% in the 2nd quarter. Allianz Asset Management GmbH now owns 280,361 shares of the industrial products company's stock valued at $91,557,000 after acquiring an additional 5,592 shares in the last quarter. Northern Trust Corp lifted its position in Valmont Industries by 7.3% in the 1st quarter. Northern Trust Corp now owns 216,253 shares of the industrial products company's stock valued at $61,712,000 after acquiring an additional 14,694 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. lifted its position in Valmont Industries by 42.9% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 187,765 shares of the industrial products company's stock valued at $61,318,000 after acquiring an additional 56,380 shares in the last quarter. 87.84% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CAO Timothy P. Francis sold 2,867 shares of the company'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 owned 9,746 shares in the company, valued at approximately $3,494,135.92. This represents a 22.73% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.50% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. DA Davidson boosted their price target 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. Weiss Ratings reissued a "hold (c)" rating on shares of Valmont Industries in a research report on Wednesday, October 8th. Stifel Nicolaus boosted their price target on shares of Valmont Industries from $400.00 to $450.00 and gave the stock a "buy" rating in a research report on Monday. JPMorgan Chase & Co. assumed coverage on shares of Valmont Industries in a research report on Friday, September 26th. They set an "overweight" rating and a $480.00 price target on the stock. Finally, Wall Street Zen raised shares of Valmont Industries from a "hold" rating to a "buy" rating in a research report on Sunday. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $443.33.

Valmont Industries Stock Up 1.5%

Valmont Industries stock opened at $415.00 on Wednesday. The firm has a market capitalization of $8.19 billion, a PE ratio of 38.64 and a beta of 1.15. The company's 50-day moving average is $382.69 and its 200-day moving average is $342.72. Valmont Industries, Inc. has a fifty-two week low of $250.07 and a fifty-two week high of $418.90. 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 (NYSE:VMI - Get Free Report) last released its quarterly earnings data on Tuesday, October 21st. The industrial products company reported $4.98 earnings per share for the quarter, topping the consensus estimate of $4.64 by $0.34. The company had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.03 billion. Valmont Industries had a net margin of 5.98% and a return on equity of 22.10%. Valmont Industries's revenue for the quarter was up 2.5% compared to the same quarter last year. During the same period in the previous year, the business earned $4.11 EPS. Valmont Industries has set its FY 2025 guidance at 18.700-19.50 EPS. Sell-side analysts anticipate that Valmont Industries, Inc. will post 18.07 earnings per share for the current year.

Valmont Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Friday, September 26th were paid a $0.68 dividend. The ex-dividend date was Friday, September 26th. This represents a $2.72 dividend on an annualized basis and a yield of 0.7%. Valmont Industries's dividend payout ratio is 25.33%.

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.

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