RHS Financial LLC Takes Position in Valmont Industries, Inc. $VMI

Key Points

• RHS Financial LLC has acquired a new stake in Valmont Industries, purchasing 1,116 shares valued at approximately $364,000 during the second quarter.
• Valmont Industries reported earnings of $4.88 per share, surpassing estimates by $0.10, along with a revenue of $1.05 billion for the quarter.
• The company declared a quarterly dividend of $0.68 per share, with a yield of 0.7%, to be paid on October 15th to shareholders recorded on September 26th.

RHS Financial LLC purchased a new stake in shares of Valmont Industries, Inc. (NYSE:VMI - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 1,116 shares of the industrial products company's stock, valued at approximately $364,000.

A number of other hedge funds also recently made changes to their positions in the business. D.B. Root & Company LLC raised its holdings in shares of Valmont Industries by 1.6% during the second quarter. D.B. Root & Company LLC now owns 2,685 shares of the industrial products company's stock valued at $877,000 after buying an additional 41 shares during the last quarter. Beverly Hills Private Wealth LLC raised its holdings in shares of Valmont Industries by 3.8% during the first 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 shares of Valmont Industries by 87.7% during the first quarter. Smartleaf Asset Management LLC now owns 107 shares of the industrial products company's stock valued at $31,000 after buying an additional 50 shares during the last quarter. Vestcor Inc raised its holdings in shares of Valmont Industries by 2.0% during the first quarter. Vestcor Inc now owns 2,651 shares of the industrial products company's stock valued at $757,000 after buying an additional 51 shares during the last quarter. Finally, Signaturefd LLC raised its holdings in shares of Valmont Industries by 23.9% during the first quarter. Signaturefd LLC now owns 270 shares of the industrial products company's stock valued at $77,000 after buying an additional 52 shares during the last quarter. Institutional investors own 87.84% of the company's stock.

Valmont Industries Price Performance

Shares of NYSE:VMI opened at $389.37 on Monday. The company's fifty day moving average is $377.45 and its two-hundred day moving average is $337.14. 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, Inc. has a 12-month low of $250.07 and a 12-month high of $411.17. The company has a market cap of $7.69 billion, a P/E ratio of 36.25 and a beta of 1.15.

Valmont Industries (NYSE:VMI - Get Free Report) last announced its earnings results 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. 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 previous year, the business earned $4.91 EPS. The company's revenue was up 1.0% on a year-over-year basis. Valmont Industries has set its FY 2025 guidance at 17.500-19.500 EPS. Equities analysts expect that Valmont Industries, Inc. will post 18.07 earnings per share 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 paid a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Friday, September 26th. Valmont Industries's payout ratio is 25.33%.

Insider Transactions at Valmont Industries

In other Valmont Industries news, CAO Timothy P. Francis sold 2,867 shares of the business's 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 sale, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.50% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

VMI has been the topic of several recent analyst reports. DA Davidson boosted their target price on Valmont Industries from $380.00 to $400.00 and gave the stock a "neutral" rating in a report on Wednesday, July 23rd. JPMorgan Chase & Co. initiated coverage on Valmont Industries in a report on Friday, September 26th. They set an "overweight" rating and a $480.00 target price on the stock. Weiss Ratings reissued a "hold (c)" rating on shares of Valmont Industries in a report on Wednesday, October 8th. Wall Street Zen cut Valmont Industries from a "buy" rating to a "hold" rating in a report on Saturday. Finally, Stifel Nicolaus boosted their target price on Valmont Industries from $345.00 to $382.00 and gave the stock a "buy" rating in a report on Monday, July 21st. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Valmont Industries has an average rating of "Moderate Buy" and an average target price of $420.67.

Valmont Industries 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.

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