Patriot Financial Group Insurance Agency LLC purchased a new stake in Valmont Industries, Inc. (NYSE:VMI - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 1,561 shares of the industrial products company's stock, valued at approximately $510,000.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Principal Financial Group Inc. boosted its stake in shares of Valmont Industries by 0.4% in the 1st quarter. Principal Financial Group Inc. now owns 46,566 shares of the industrial products company's stock valued at $13,289,000 after purchasing an additional 172 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Valmont Industries by 82.3% in the 1st 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 boosted its stake in shares of Valmont Industries by 18.0% in the 1st 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. Janney Montgomery Scott LLC boosted its stake in shares of 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 purchasing an additional 207 shares in the last quarter. Finally, Crossmark Global Holdings Inc. acquired a new stake in shares of Valmont Industries in the 1st quarter valued at $317,000. Institutional investors and hedge funds own 87.84% of the company's stock.
Valmont Industries Stock Performance
Valmont Industries stock opened at $394.46 on Friday. The company has a current ratio of 2.15, a quick ratio of 1.44 and a debt-to-equity ratio of 0.48. Valmont Industries, Inc. has a 1 year low of $250.07 and a 1 year high of $397.30. The company has a market cap of $7.79 billion, a PE ratio of 36.73 and a beta of 1.15. The company's 50-day moving average is $373.69 and its two-hundred day moving average is $333.51.
Valmont Industries (NYSE:VMI - Get Free Report) last released its earnings results on Tuesday, July 22nd. The industrial products company reported $4.88 earnings per share (EPS) for the quarter, beating 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 company had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same period in the prior year, the company posted $4.91 EPS. The company's 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. Equities analysts anticipate that Valmont Industries, Inc. will post 18.07 earnings per share for the current year.
Valmont Industries Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Friday, September 26th will be given a dividend of $0.68 per share. The ex-dividend date is Friday, September 26th. This represents a $2.72 dividend on an annualized basis and a yield of 0.7%. Valmont Industries's dividend payout ratio is presently 25.33%.
Insider Transactions at Valmont Industries
In other Valmont Industries news, CAO Timothy P. Francis sold 2,867 shares of the company's stock in a transaction dated 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 in the company, valued at approximately $3,494,135.92. This represents a 22.73% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.50% of the company's stock.
Wall Street Analysts Forecast Growth
VMI has been the topic of several recent analyst reports. Stifel Nicolaus boosted 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. DA Davidson boosted 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. Weiss Ratings reiterated a "hold (c)" rating on shares of Valmont Industries in a research report on Saturday, September 27th. Wall Street Zen upgraded shares of Valmont Industries from a "hold" rating to a "buy" rating in a research report on Friday. Finally, 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 price target on the stock. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $420.67.
Get Our Latest Analysis on Valmont Industries
Valmont Industries Profile
(
Free Report)
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.
Further Reading
Want to see what other hedge funds are holding VMI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Valmont Industries, Inc. (NYSE:VMI - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Valmont Industries, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Valmont Industries wasn't on the list.
While Valmont Industries currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
