Livforsakringsbolaget Skandia Omsesidigt Purchases 69,780 Shares of Valmont Industries, Inc. $VMI

Key Points

• Livforsakringsbolaget Skandia Omsesidigt significantly increased its stake in Valmont Industries by 5,815%, owning 70,980 shares valued at approximately $25.18 million.
• Valmont Industries reported a quarterly earnings per share of $4.88, exceeding analysts' expectations, and set its FY 2025 guidance at 17.500-19.500 EPS.
• The company announced a $0.68 quarterly dividend to shareholders, marking an annualized dividend yield of 0.7%.

Livforsakringsbolaget Skandia Omsesidigt raised its stake in shares of Valmont Industries, Inc. (NYSE:VMI - Free Report) by 5,815.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 70,980 shares of the industrial products company's stock after acquiring an additional 69,780 shares during the period. Livforsakringsbolaget Skandia Omsesidigt owned about 0.35% of Valmont Industries worth $25,179,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the company. Parallel Advisors LLC lifted its position in shares of Valmont Industries by 128.8% during the 2nd quarter. Parallel Advisors LLC now owns 151 shares of the industrial products company's stock worth $49,000 after buying an additional 85 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of Valmont Industries by 28.0% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 3,292 shares of the industrial products company's stock worth $1,075,000 after purchasing an additional 721 shares during the period. Kera Capital Partners Inc. bought a new stake in shares of Valmont Industries during the 2nd quarter worth $309,000. Voya Investment Management LLC raised its stake in shares of Valmont Industries by 4.5% during the 1st quarter. Voya Investment Management LLC now owns 2,969 shares of the industrial products company's stock worth $847,000 after purchasing an additional 128 shares during the period. Finally, Inspire Investing LLC raised its position in Valmont Industries by 170.6% in the first quarter. Inspire Investing LLC now owns 3,610 shares of the industrial products company's stock worth $1,030,000 after acquiring an additional 2,276 shares during the period. 87.84% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have commented on VMI. Wall Street Zen lowered shares of Valmont Industries from a "buy" rating to a "hold" rating in a research report on Sunday, September 7th. Stifel Nicolaus boosted their target price on Valmont Industries from $345.00 to $382.00 and gave the company a "buy" rating in a research note on Monday, July 21st. Finally, DA Davidson boosted their target price on Valmont Industries from $380.00 to $400.00 and gave the company a "neutral" rating in a research note on Wednesday, July 23rd. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $391.00.

Insiders Place Their Bets

In other Valmont Industries news, CAO Timothy P. Francis sold 2,867 shares of the company's stock in a transaction dated 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 transaction, the chief accounting officer directly 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.50% of the stock is owned by corporate insiders.

Valmont Industries Price Performance

Valmont Industries stock traded down $4.11 during midday trading on Friday, reaching $374.84. 294,240 shares of the stock were exchanged, compared to its average volume of 202,537. The company's fifty day moving average is $365.86 and its 200-day moving average is $329.64. 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 firm has a market cap of $7.40 billion, a PE ratio of 34.90 and a beta of 1.14. Valmont Industries, Inc. has a 52 week low of $250.07 and a 52 week high of $388.55.

Valmont Industries (NYSE:VMI - Get Free Report) last posted its earnings results on Tuesday, July 22nd. The industrial products company reported $4.88 earnings per share for the quarter, topping analysts' consensus estimates of $4.78 by $0.10. The business 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 was up 1.0% on a year-over-year basis. 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, sell-side analysts forecast that Valmont Industries, Inc. will post 18.07 EPS for the current year.

Valmont Industries Dividend Announcement

The firm 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 dividend payout ratio is currently 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.