MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Trims Holdings in Valmont Industries, Inc. $VMI

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. reduced its stake in Valmont Industries by 8.1%, holding 132,852 shares valued at approximately $37.91 million at the end of the first quarter.
• Valmont Industries recently reported earnings of $4.88 EPS, exceeding analyst estimates, with quarterly revenue of $1.05 billion.
• The company announced a quarterly dividend of $0.68 per share, reflecting an annualized yield of 0.7%, with the ex-dividend date set for September 26th.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. trimmed its position in shares of Valmont Industries, Inc. (NYSE:VMI - Free Report) by 8.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 132,852 shares of the industrial products company's stock after selling 11,649 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 0.66% of Valmont Industries worth $37,913,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. WPG Advisers LLC purchased a new stake in Valmont Industries in the 1st quarter worth $27,000. Smartleaf Asset Management LLC increased its holdings in shares of Valmont Industries by 87.7% in the 1st quarter. Smartleaf Asset Management LLC now owns 107 shares of the industrial products company's stock worth $31,000 after buying an additional 50 shares during the last quarter. GAMMA Investing LLC raised its position in shares of Valmont Industries by 82.3% during the 1st quarter. GAMMA Investing LLC now owns 226 shares of the industrial products company's stock valued at $64,000 after buying an additional 102 shares in the last quarter. Signaturefd LLC raised its position in shares of Valmont Industries by 23.9% during the 1st quarter. Signaturefd LLC now owns 270 shares of the industrial products company's stock valued at $77,000 after buying an additional 52 shares in the last quarter. Finally, New Age Alpha Advisors LLC purchased a new stake in shares of Valmont Industries during the 1st quarter valued at about $82,000. Hedge funds and other institutional investors own 87.84% of the company's stock.

Valmont Industries Stock Down 1.5%

Shares of VMI stock traded down $5.93 during mid-day trading on Friday, hitting $380.77. The stock had a trading volume of 101,840 shares, compared to its average volume of 168,883. Valmont Industries, Inc. has a 12-month low of $250.07 and a 12-month high of $388.55. The firm has a market capitalization of $7.52 billion, a P/E ratio of 35.48 and a beta of 1.14. The firm's 50-day moving average is $361.57 and its two-hundred day moving average is $328.28. 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, July 22nd. The industrial products company reported $4.88 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.78 by $0.10. Valmont Industries had a net margin of 5.98% and a return on equity of 22.10%. The firm had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same period last year, the firm earned $4.91 earnings per share. The company's quarterly revenue was up 1.0% on a year-over-year basis. Valmont Industries has set its FY 2025 guidance at 17.500-19.500 EPS. On average, analysts predict that Valmont Industries, Inc. will post 18.07 earnings per share for the current fiscal year.

Valmont Industries Dividend Announcement

The business 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 dividend on an annualized basis and a dividend yield of 0.7%. Valmont Industries's dividend payout ratio (DPR) is currently 25.33%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on VMI shares. Stifel Nicolaus upped their target price on shares of Valmont Industries from $345.00 to $382.00 and gave the company a "buy" rating in a research report on Monday, July 21st. Wall Street Zen downgraded shares of Valmont Industries from a "buy" rating to a "hold" rating in a report on Sunday, September 7th. Finally, DA Davidson upped their price target on shares of Valmont Industries from $380.00 to $400.00 and gave the company a "neutral" rating in a report 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 stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $391.00.

Insider Activity

In related news, CAO Timothy P. Francis sold 2,867 shares of the firm's stock in a transaction on Friday, August 1st. The shares were sold at an average price of $358.52, for a total transaction 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 trade represents a 22.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.50% of the stock is currently owned by company insiders.

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.