5,100 Shares in Valmont Industries, Inc. $VMI Purchased by OMERS ADMINISTRATION Corp

Key Points

• OMERS ADMINISTRATION Corp has made a new investment in Valmont Industries, acquiring 5,100 shares valued at approximately $1.46 million in the first quarter of 2023.
• Valmont Industries reported earnings of $4.88 per share, beating analyst estimates, and set FY 2025 guidance between $17.50 and $19.50 EPS.
• The company announced a quarterly dividend of $0.68, set to be paid on October 15th, representing an annual yield of 0.7% with a payout ratio of 25.33%.

OMERS ADMINISTRATION Corp bought a new position in Valmont Industries, Inc. (NYSE:VMI - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 5,100 shares of the industrial products company's stock, valued at approximately $1,455,000.

A number of other large investors have also added to or reduced their stakes in the business. Beverly Hills Private Wealth LLC raised its holdings in Valmont Industries by 3.8% in the 1st quarter. Beverly Hills Private Wealth LLC now owns 1,169 shares of the industrial products company's stock valued at $334,000 after buying an additional 43 shares during the last quarter. Smartleaf Asset Management LLC raised its holdings in Valmont Industries by 87.7% during the 1st quarter. Smartleaf Asset Management LLC now owns 107 shares of the industrial products company's stock worth $31,000 after purchasing an additional 50 shares during the last quarter. Vestcor Inc raised its holdings in Valmont Industries by 2.0% during the 1st quarter. Vestcor Inc now owns 2,651 shares of the industrial products company's stock worth $757,000 after purchasing an additional 51 shares during the last quarter. Signaturefd LLC raised its holdings in Valmont Industries by 23.9% during the 1st quarter. Signaturefd LLC now owns 270 shares of the industrial products company's stock worth $77,000 after purchasing an additional 52 shares during the last quarter. Finally, TBH Global Asset Management LLC raised its holdings in Valmont Industries by 1.5% during the 1st quarter. TBH Global Asset Management LLC now owns 3,945 shares of the industrial products company's stock worth $1,126,000 after purchasing an additional 58 shares during the last quarter. Institutional investors own 87.84% of the company's stock.

Valmont Industries Stock Up 2.7%

VMI traded up $9.99 during mid-day trading on Thursday, reaching $377.28. 253,010 shares of the stock were exchanged, compared to its average volume of 168,044. 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 stock has a market capitalization of $7.45 billion, a PE ratio of 35.13 and a beta of 1.14. The company has a 50 day moving average price of $356.36 and a two-hundred day moving average price of $327.24. Valmont Industries, Inc. has a 1 year low of $250.07 and a 1 year high of $384.08.

Valmont Industries (NYSE:VMI - Get Free Report) last posted 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. 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 business's revenue for the quarter was up 1.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $4.91 EPS. Valmont Industries has set its FY 2025 guidance at 17.500-19.500 EPS. As a group, research analysts anticipate 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. Shareholders of record on Friday, September 26th will be issued a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Friday, September 26th. Valmont Industries's payout ratio is currently 25.33%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Stifel Nicolaus raised their price objective 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. Wall Street Zen raised shares of Valmont Industries from a "hold" rating to a "buy" rating in a research report on Saturday, August 30th. Finally, DA Davidson raised their price objective on shares of Valmont Industries from $380.00 to $400.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 23rd. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $391.00.

Insider Transactions at Valmont Industries

In other Valmont Industries news, CAO Timothy P. Francis sold 2,867 shares of Valmont Industries 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 transaction, the chief accounting officer directly owned 9,746 shares of the company's stock, valued at $3,494,135.92. The trade was a 22.73% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.50% of the stock is owned by corporate 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.