Quarry LP Has $323,000 Stake in Valmont Industries, Inc. $VMI

Key Points

• Quarry LP significantly increased its stake in Valmont Industries, acquiring a total of 1,132 shares after a 457.6% increase during the first quarter, with holdings valued at approximately $323,000.
• Valmont Industries reported $4.88 EPS for the last quarter, exceeding analysts' estimates, and set its FY 2025 guidance for earnings per share between 17.500-19.500.
• The company recently announced a quarterly dividend of $0.68 per share, which will be paid on October 15th, reflecting an annual yield of 0.7% and a payout ratio of 25.33%.

Quarry LP raised its stake in Valmont Industries, Inc. (NYSE:VMI - Free Report) by 457.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,132 shares of the industrial products company's stock after acquiring an additional 929 shares during the quarter. Quarry LP's holdings in Valmont Industries were worth $323,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. WPG Advisers LLC bought a new position in shares of Valmont Industries in the first quarter worth about $27,000. Smartleaf Asset Management LLC lifted its holdings 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 acquiring an additional 50 shares during the last quarter. GAMMA Investing LLC lifted its holdings 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 acquiring an additional 102 shares during the last quarter. Signaturefd LLC lifted its holdings 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 acquiring an additional 52 shares during the last quarter. Finally, New Age Alpha Advisors LLC bought a new position in shares of Valmont Industries in the first quarter worth about $82,000. Institutional investors own 87.84% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Stifel Nicolaus increased their target price on shares of Valmont Industries from $345.00 to $382.00 and gave the stock a "buy" rating in a report on Monday, July 21st. Wall Street Zen raised Valmont Industries from a "hold" rating to a "buy" rating in a research note on Saturday. Finally, 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 note on Wednesday, July 23rd. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $391.00.

Insiders Place Their Bets

In other Valmont Industries news, CAO Timothy P. Francis sold 2,867 shares of the stock in a transaction that occurred 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 completion of the sale, 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 position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.50% of the company's stock.

Valmont Industries Trading Up 0.1%

NYSE:VMI traded up $0.43 on Wednesday, reaching $366.85. 289,972 shares of the stock traded hands, compared to its average volume of 194,442. The firm has a market capitalization of $7.24 billion, a price-to-earnings ratio of 34.16 and a beta of 1.14. The company's 50 day moving average is $356.36 and its 200-day moving average is $327.24. 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 $384.08.

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 for the quarter, beating analysts' consensus estimates of $4.78 by $0.10. The business had revenue of $1.05 billion during 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 company's revenue for the quarter was up 1.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $4.91 EPS. Valmont Industries has set its FY 2025 guidance at 17.500-19.500 EPS. Equities research analysts anticipate that Valmont Industries, Inc. will post 18.07 EPS for the current fiscal year.

Valmont Industries Dividend Announcement

The company 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. 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 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.