MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Has $37.91 Million Stock 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. lessened its holdings in Valmont Industries, Inc. (NYSE:VMI - Free Report) by 8.1% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor 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 approximately 0.66% of Valmont Industries worth $37,913,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Principal Financial Group Inc. boosted its position in Valmont Industries by 0.4% in the first quarter. Principal Financial Group Inc. now owns 46,566 shares of the industrial products company's stock valued at $13,289,000 after buying an additional 172 shares in the last quarter. GAMMA Investing LLC boosted its position in Valmont Industries by 82.3% in the first 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. Wealth Enhancement Advisory Services LLC boosted its position in Valmont Industries by 18.0% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 2,579 shares of the industrial products company's stock valued at $736,000 after buying an additional 393 shares in the last quarter. Janney Montgomery Scott LLC increased its position in Valmont Industries by 16.1% in the 1st quarter. Janney Montgomery Scott LLC now owns 1,490 shares of the industrial products company's stock valued at $425,000 after acquiring an additional 207 shares in the last quarter. Finally, Crossmark Global Holdings Inc. acquired a new stake in Valmont Industries in the 1st quarter valued at about $317,000. Institutional investors and hedge funds own 87.84% of the company's stock.

Valmont Industries Stock Down 0.1%

Shares of NYSE VMI opened at $377.27 on Friday. The stock has a market cap of $7.45 billion, a P/E ratio of 35.13 and a beta of 1.14. 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 50 day moving average price of $358.12 and a 200 day moving average price of $327.35. Valmont Industries, Inc. has a 52-week low of $250.07 and a 52-week high of $384.08.

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

Valmont Industries Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on VMI shares. Wall Street Zen cut shares of Valmont Industries from a "buy" rating to a "hold" rating in a research report on Sunday. DA Davidson raised their target price on shares of Valmont Industries from $380.00 to $400.00 and gave the company a "neutral" rating in a research note on Wednesday, July 23rd. Finally, Stifel Nicolaus raised their target price on shares of Valmont Industries from $345.00 to $382.00 and gave the company a "buy" rating in a research note on Monday, July 21st. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $391.00.

Insider Buying and Selling at Valmont Industries

In other 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 transaction of $1,027,876.84. Following the completion of the transaction, the chief accounting officer directly owned 9,746 shares of the company's stock, valued at $3,494,135.92. This represents a 22.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.50% of the stock is owned by corporate insiders.

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.

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