Perbak Capital Partners LLP Makes New Investment in Valmont Industries, Inc. $VMI

Key Points

• Perbak Capital Partners LLP has acquired a new stake in Valmont Industries, purchasing 775 shares valued at approximately $221,000 during the first quarter.
• Valmont Industries reported quarterly earnings of $4.88 per share, surpassing analysts' expectations, with revenue of $1.05 billion, marking a 1.0% increase compared to the previous year.
• The company announced a quarterly dividend of $0.68 per share, with the dividend payout representing an annualized yield of 0.7% and a payout ratio of 25.33%.

Perbak Capital Partners LLP acquired a new stake in Valmont Industries, Inc. (NYSE:VMI - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 775 shares of the industrial products company's stock, valued at approximately $221,000.

Other hedge funds have also modified their holdings of the company. WPG Advisers LLC acquired a new position in shares of Valmont Industries in the first quarter valued at about $27,000. Smartleaf Asset Management LLC boosted its stake in shares of Valmont Industries by 87.7% in the first quarter. Smartleaf Asset Management LLC now owns 107 shares of the industrial products company's stock worth $31,000 after buying an additional 50 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Valmont Industries by 82.3% in the first quarter. GAMMA Investing LLC now owns 226 shares of the industrial products company's stock worth $64,000 after buying an additional 102 shares during the last quarter. Signaturefd LLC boosted its stake in shares of Valmont Industries by 23.9% in the first quarter. Signaturefd LLC now owns 270 shares of the industrial products company's stock worth $77,000 after buying an additional 52 shares during the last quarter. Finally, New Age Alpha Advisors LLC purchased a new stake in shares of Valmont Industries in the first quarter worth about $82,000. 87.84% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CAO Timothy P. Francis sold 2,867 shares of the stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $358.52, for a total value of $1,027,876.84. Following the completion of the sale, the chief accounting officer owned 9,746 shares in the company, valued at approximately $3,494,135.92. This trade represents a 22.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.50% of the company's stock.

Valmont Industries Price Performance

VMI stock traded down $0.22 on Friday, reaching $377.27. 221,789 shares of the company's stock were exchanged, compared to its average volume of 216,067. The stock has a fifty day moving average of $358.12 and a 200-day moving average of $327.35. The firm has a market cap of $7.45 billion, a PE ratio of 35.13 and a beta of 1.14. Valmont Industries, Inc. has a twelve month low of $250.07 and a twelve month high of $384.08. The company has a quick ratio of 1.44, a current ratio of 2.15 and a debt-to-equity ratio of 0.48.

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, beating the consensus estimate of $4.78 by $0.10. The business had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.03 billion. Valmont Industries had a return on equity of 22.10% and a net margin of 5.98%.The business's revenue was up 1.0% on a year-over-year basis. During the same period in the prior year, the business earned $4.91 earnings per share. Valmont Industries has set its FY 2025 guidance at 17.500-19.500 EPS. As a group, equities analysts predict that Valmont Industries, Inc. will post 18.07 EPS for the current fiscal year.

Valmont Industries Announces Dividend

The business 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 $0.68 dividend. The ex-dividend date 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 (DPR) is 25.33%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on VMI shares. Wall Street Zen lowered Valmont Industries from a "buy" rating to a "hold" rating in a research report on Sunday. DA Davidson lifted their price objective on Valmont Industries from $380.00 to $400.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 23rd. Finally, Stifel Nicolaus boosted their price objective on Valmont Industries from $345.00 to $382.00 and gave the company a "buy" rating in a report on Monday, July 21st. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, Valmont Industries currently has a consensus rating of "Moderate Buy" and an average target price of $391.00.

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.