Magnetar Financial LLC Invests $3 Million in Valmont Industries, Inc. $VMI

Key Points

• Magnetar Financial LLC has acquired 10,503 shares of Valmont Industries, valued at approximately $2,997,000, representing a 0.05% ownership stake in the company.
• Several other institutional investors, such as Mariner LLC and HSBC Holdings PLC, have also increased their stakes in Valmont Industries, with institutional ownership now at 87.84%.
• Valmont Industries is experiencing positive analyst sentiment, with upgrades and target price increases, indicating a consensus rating of "Moderate Buy" and an average price target of $391.00.

Magnetar Financial LLC purchased a new position in shares of Valmont Industries, Inc. (NYSE:VMI - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 10,503 shares of the industrial products company's stock, valued at approximately $2,997,000. Magnetar Financial LLC owned 0.05% of Valmont Industries as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in VMI. Mariner LLC raised its stake in shares of Valmont Industries by 7.4% in the 4th quarter. Mariner LLC now owns 1,210 shares of the industrial products company's stock worth $371,000 after buying an additional 83 shares in the last quarter. Marshall Wace LLP acquired a new stake in shares of Valmont Industries during the fourth quarter worth $357,000. Hsbc Holdings PLC raised its position in shares of Valmont Industries by 535.9% during the fourth quarter. Hsbc Holdings PLC now owns 5,062 shares of the industrial products company's stock worth $1,545,000 after purchasing an additional 4,266 shares during the period. Voya Investment Management LLC grew its holdings in shares of Valmont Industries by 9.7% during the fourth quarter. Voya Investment Management LLC now owns 2,841 shares of the industrial products company's stock valued at $871,000 after buying an additional 252 shares in the last quarter. Finally, Quarry LP grew 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 buying an additional 162 shares in the last quarter. Institutional investors and hedge funds own 87.84% of the company's stock.

Valmont Industries Stock Performance

Shares of NYSE VMI traded up $4.60 during trading hours on Thursday, hitting $371.89. 145,243 shares of the company's stock were exchanged, compared to its average volume of 167,395. Valmont Industries, Inc. has a 1-year low of $250.07 and a 1-year high of $384.08. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.15 and a quick ratio of 1.44. The stock has a market capitalization of $7.34 billion, a price-to-earnings ratio of 34.63 and a beta of 1.14. The company's 50-day moving average price is $356.36 and its 200-day moving average price is $327.24.

Valmont Industries (NYSE:VMI - Get Free Report) last posted its quarterly earnings data on Tuesday, July 22nd. The industrial products company reported $4.88 earnings per share 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 during the quarter, compared to analysts' expectations of $1.03 billion. During the same quarter in the previous year, the firm earned $4.91 EPS. The firm's 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. On average, sell-side analysts expect that Valmont Industries, Inc. will post 18.07 earnings per share for the current fiscal year.

Valmont Industries Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Friday, September 26th will be issued a $0.68 dividend. The ex-dividend date of this dividend is Friday, September 26th. This represents a $2.72 annualized dividend and a yield of 0.7%. Valmont Industries's dividend payout ratio is 25.33%.

Wall Street Analyst Weigh In

VMI has been the topic of a number of recent research reports. Wall Street Zen upgraded Valmont Industries from a "hold" rating to a "buy" rating in a research note on Saturday, August 30th. 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 equities 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 has an average rating of "Moderate Buy" and an average price target of $391.00.

Insider Buying and Selling

In other Valmont Industries news, CAO Timothy P. Francis sold 2,867 shares of the company's stock in a transaction that occurred on 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 completion of the transaction, the chief accounting officer owned 9,746 shares of the company's stock, valued at $3,494,135.92. This represents a 22.73% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.50% of the stock is currently owned by company 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.