57,888 Shares in Valmont Industries, Inc. $VMI Acquired by Nuveen LLC

Key Points

• Nuveen LLC acquired a new position in Valmont Industries, purchasing 57,888 shares valued at approximately $16.5 million, representing about 0.29% ownership, according to its latest SEC filing.
• Valmont Industries has received several upgrades, with analysts raising the price target from $345 to $400, maintaining a consensus rating of "Moderate Buy".
• The company recently announced a quarterly dividend of $0.68 per share, with an ex-dividend date of September 26th, illustrating a commitment to shareholder returns.

Nuveen LLC bought a new position in Valmont Industries, Inc. (NYSE:VMI - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 57,888 shares of the industrial products company's stock, valued at approximately $16,519,000. Nuveen LLC owned approximately 0.29% of Valmont Industries at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the company. Townsquare Capital LLC lifted its position in shares of Valmont Industries by 3.3% in the first quarter. Townsquare Capital LLC now owns 12,067 shares of the industrial products company's stock worth $3,444,000 after buying an additional 382 shares in the last quarter. Savvy Advisors Inc. lifted its position in shares of Valmont Industries by 11.5% in the first quarter. Savvy Advisors Inc. now owns 832 shares of the industrial products company's stock worth $237,000 after buying an additional 86 shares in the last quarter. CenterBook Partners LP purchased a new stake in Valmont Industries during the first quarter valued at approximately $1,976,000. Arjuna Capital purchased a new stake in Valmont Industries during the first quarter valued at approximately $1,108,000. Finally, Headlands Technologies LLC purchased a new stake in Valmont Industries during the first quarter valued at approximately $356,000. 87.84% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on VMI shares. Stifel Nicolaus upped their price objective on Valmont Industries from $345.00 to $382.00 and gave the company a "buy" rating in a research report on Monday, July 21st. DA Davidson upped their price objective on Valmont Industries from $380.00 to $400.00 and gave the company a "neutral" rating in a research report on Wednesday, July 23rd. Finally, Wall Street Zen downgraded Valmont Industries from a "buy" rating to a "hold" rating in a research report on Sunday, August 3rd. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, Valmont Industries currently 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 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 transaction of $1,027,876.84. Following the transaction, the chief accounting officer owned 9,746 shares of the company's stock, valued at approximately $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 SEC, which can be accessed through this link. Corporate insiders own 1.50% of the company's stock.

Valmont Industries Trading Up 0.5%

Shares of VMI traded up $1.89 during mid-day trading on Tuesday, reaching $375.66. 232,751 shares of the company's stock traded hands, compared to its average volume of 186,708. The stock has a market cap of $7.42 billion, a P/E ratio of 34.98 and a beta of 1.12. The stock's 50-day moving average is $350.69 and its two-hundred day moving average is $325.35. Valmont Industries, Inc. has a 12 month low of $250.07 and a 12 month 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.

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

Valmont Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Friday, September 26th will be paid a dividend of $0.68 per share. 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 is currently 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.