Northern Trust Corp Boosts Stock Holdings in Valmont Industries, Inc. $VMI

Key Points

• Northern Trust Corp increased its stake in Valmont Industries by 7.3%, owning 1.08% of the company after acquiring an additional 14,694 shares, bringing its total holdings to 216,253 shares worth approximately $61.7 million.
• Valmont Industries recently reported better-than-expected quarterly earnings with an EPS of $4.88, surpassing the consensus estimate by $0.10, and achieving a revenue of $1.05 billion.
• The company announced a quarterly dividend of $0.68 per share, with the dividend yield standing at 0.7%, set to be paid on October 15th to shareholders of record on September 26th.

Northern Trust Corp grew its position in shares of Valmont Industries, Inc. (NYSE:VMI - Free Report) by 7.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 216,253 shares of the industrial products company's stock after buying an additional 14,694 shares during the quarter. Northern Trust Corp owned 1.08% of Valmont Industries worth $61,712,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Principal Financial Group Inc. grew its holdings in shares of Valmont Industries by 0.4% during 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 during the last quarter. GAMMA Investing LLC lifted its position in Valmont Industries by 82.3% during the first quarter. GAMMA Investing LLC now owns 226 shares of the industrial products company's stock valued at $64,000 after purchasing an additional 102 shares during the period. Wealth Enhancement Advisory Services LLC lifted its position in Valmont Industries by 18.0% during 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 purchasing an additional 393 shares during the period. Janney Montgomery Scott LLC lifted its position in Valmont Industries by 16.1% during the first quarter. Janney Montgomery Scott LLC now owns 1,490 shares of the industrial products company's stock valued at $425,000 after purchasing an additional 207 shares during the period. Finally, Aquatic Capital Management LLC lifted its position in Valmont Industries by 16.2% during the fourth quarter. Aquatic Capital Management LLC now owns 6,602 shares of the industrial products company's stock valued at $2,025,000 after purchasing an additional 922 shares during the period. Hedge funds and other institutional investors own 87.84% of the company's stock.

Analyst Upgrades and Downgrades

VMI has been the topic of a number of research analyst reports. Wall Street Zen downgraded shares of Valmont Industries from a "buy" rating to a "hold" rating in a research report on Sunday, August 3rd. DA Davidson increased their price objective on shares of Valmont Industries from $380.00 to $400.00 and gave the company a "neutral" rating in a research report on Wednesday, July 23rd. Finally, Stifel Nicolaus increased their price objective 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. Two 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.com, Valmont Industries has an average rating of "Moderate Buy" and a consensus target price of $391.00.

Insider Activity at Valmont Industries

In other 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 sale, the chief accounting officer directly owned 9,746 shares in the company, valued at $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 is available at this hyperlink. 1.50% of the stock is owned by insiders.

Valmont Industries Stock Up 0.5%

Shares of VMI stock opened at $375.66 on Wednesday. The company has a market capitalization of $7.42 billion, a price-to-earnings ratio of 34.98 and a beta of 1.12. Valmont Industries, Inc. has a one year low of $250.07 and a one year high of $384.08. The company's fifty day moving average price is $350.69 and its 200-day moving average price is $325.35. 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 announced its quarterly earnings data on Tuesday, July 22nd. The industrial products company reported $4.88 EPS for the quarter, beating the consensus estimate of $4.78 by $0.10. The firm had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.03 billion. Valmont Industries had a net margin of 5.98% and a return on equity of 22.10%. The company's revenue was up 1.0% on a year-over-year basis. During the same period last year, the firm earned $4.91 EPS. Valmont Industries has set its FY 2025 guidance at 17.500-19.500 EPS. Sell-side analysts expect that Valmont Industries, Inc. will post 18.07 EPS for the current fiscal year.

Valmont Industries Dividend Announcement

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 is Friday, September 26th. Valmont Industries's dividend payout ratio (DPR) is presently 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.

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