NorthRock Partners LLC Buys New Shares in Valmont Industries, Inc. $VMI

Key Points

• NorthRock Partners LLC has acquired 706 shares of Valmont Industries, Inc. (NYSE:VMI), valued at approximately $231,000 during the second quarter.
• Valmont Industries reported earnings per share (EPS) of $4.88 for the last quarter, exceeding analysts' expectations, with a revenue of $1.05 billion for the period.
• Valmont declared a quarterly dividend of $0.68 per share, reflecting an annualized yield of 0.7% and a dividend payout ratio of 25.33%.

NorthRock Partners LLC purchased a new stake in Valmont Industries, Inc. (NYSE:VMI - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 706 shares of the industrial products company's stock, valued at approximately $231,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of VMI. GAMMA Investing LLC increased its stake 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 purchasing an additional 102 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its stake 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 purchasing an additional 393 shares in the last quarter. Ritholtz Wealth Management bought a new stake in Valmont Industries in the first quarter valued at $569,000. Janney Montgomery Scott LLC increased its stake in Valmont Industries by 16.1% in 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 in the last quarter. Finally, State of Alaska Department of Revenue increased its stake in Valmont Industries by 2.6% in the first quarter. State of Alaska Department of Revenue now owns 2,347 shares of the industrial products company's stock valued at $669,000 after purchasing an additional 60 shares in the last quarter. 87.84% of the stock is owned by institutional investors.

Valmont Industries Trading Down 0.8%

Shares of VMI stock opened at $406.59 on Friday. Valmont Industries, Inc. has a 52-week low of $250.07 and a 52-week high of $414.53. 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 company has a 50-day simple moving average of $380.46 and a two-hundred day simple moving average of $339.68. The company has a market capitalization of $8.03 billion, a price-to-earnings ratio of 37.86 and a beta of 1.15.

Valmont Industries (NYSE:VMI - Get Free Report) last issued its quarterly earnings data on Tuesday, July 22nd. The industrial products company reported $4.88 earnings per share (EPS) for the quarter, topping 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 business had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.03 billion. During the same period in the prior year, the firm posted $4.91 EPS. The firm's quarterly 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. Research analysts anticipate that Valmont Industries, Inc. will post 18.07 EPS for the current fiscal year.

Valmont Industries Announces Dividend

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

Analysts Set New Price Targets

VMI has been the subject of several research analyst reports. DA Davidson lifted their price target 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. Stifel Nicolaus boosted their target price on shares of Valmont Industries from $345.00 to $382.00 and gave the stock a "buy" rating in a research report on Monday, July 21st. JPMorgan Chase & Co. started coverage on shares of Valmont Industries in a research report on Friday, September 26th. They set an "overweight" rating and a $480.00 target price for the company. Wall Street Zen downgraded shares of Valmont Industries from a "buy" rating to a "hold" rating in a research report on Saturday, October 11th. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of Valmont Industries in a research report on Wednesday, October 8th. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $420.67.

Insider Transactions at Valmont Industries

In other Valmont Industries news, CAO Timothy P. Francis sold 2,867 shares of the business's stock in a transaction dated Friday, August 1st. The shares were 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. The trade was a 22.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.50% of the company's stock.

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.

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