Valmont Industries, Inc. $VMI Shares Bought by Livforsakringsbolaget Skandia Omsesidigt

Key Points

• Livforsakringsbolaget Skandia Omsesidigt significantly increased its stake in Valmont Industries by 466.7% during Q2, acquiring a total of 6,800 shares now valued at over $2.2 million.
• Valmont Industries recently announced a $0.68 quarterly dividend, representing an annualized yield of 0.7%, with the ex-dividend date set for September 26th.
• The company's stock price opened at $374.84, with a recent earnings report showing an EPS of $4.88, exceeding analysts’ expectations.

Livforsakringsbolaget Skandia Omsesidigt lifted its position in shares of Valmont Industries, Inc. (NYSE:VMI - Free Report) by 466.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,800 shares of the industrial products company's stock after buying an additional 5,600 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt's holdings in Valmont Industries were worth $2,222,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in VMI. Price T Rowe Associates Inc. MD raised its position in Valmont Industries by 759.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 172,967 shares of the industrial products company's stock worth $49,361,000 after acquiring an additional 152,832 shares during the period. Allianz Asset Management GmbH lifted its holdings in shares of Valmont Industries by 118.0% in the 1st quarter. Allianz Asset Management GmbH now owns 274,769 shares of the industrial products company's stock worth $78,411,000 after acquiring an additional 148,740 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of Valmont Industries by 51,911.3% in the 1st quarter. GAMMA Investing LLC now owns 64,494 shares of the industrial products company's stock worth $18,405,000 after acquiring an additional 64,370 shares during the last quarter. Nuveen LLC bought a new stake in Valmont Industries during the 1st quarter valued at $16,519,000. Finally, Millennium Management LLC raised its holdings in Valmont Industries by 225.1% during the 1st quarter. Millennium Management LLC now owns 67,630 shares of the industrial products company's stock valued at $19,300,000 after buying an additional 46,825 shares during the last quarter. 87.84% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Wall Street Zen downgraded shares of Valmont Industries from a "buy" rating to a "hold" rating in a research report on Sunday, September 7th. Stifel Nicolaus increased their price objective 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. Finally, DA Davidson increased their price objective on shares of Valmont Industries from $380.00 to $400.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 23rd. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $391.00.

Valmont Industries Trading Down 1.1%

Shares of NYSE VMI traded down $4.11 during trading on Friday, hitting $374.84. 294,240 shares of the company were exchanged, compared to its average volume of 202,537. Valmont Industries, Inc. has a 12-month low of $250.07 and a 12-month high of $388.55. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.44 and a current ratio of 2.15. The company has a fifty day moving average price of $365.86 and a 200-day moving average price of $329.57. The firm has a market capitalization of $7.40 billion, a PE ratio of 34.90 and a beta of 1.14.

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

Valmont Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Friday, September 26th will be given a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Friday, September 26th. Valmont Industries's dividend payout ratio (DPR) is presently 25.33%.

Insider Activity

In related news, CAO Timothy P. Francis sold 2,867 shares of the firm's stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $358.52, for a total transaction of $1,027,876.84. Following the completion of the sale, the chief accounting officer directly owned 9,746 shares of the company's stock, valued at approximately $3,494,135.92. This trade represents a 22.73% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.50% of the company's stock.

Valmont Industries 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.