Royal Bank of Canada Acquires 7,302 Shares of Valmont Industries, Inc. $VMI

Key Points

• Royal Bank of Canada increased its stake in Valmont Industries, Inc. by 24.2%, acquiring an additional 7,302 shares and owning a total of 37,424 shares valued at $10.68 million.
• Valmont Industries has announced a quarterly dividend of $0.68, to be paid on October 15th, with an annualized dividend yield of 0.7%.
• Analysts gave Valmont Industries a consensus rating of "Moderate Buy" with a target price of $391.00, following recent upgrades and downgrades by various investment firms.

Royal Bank of Canada increased its holdings in Valmont Industries, Inc. (NYSE:VMI - Free Report) by 24.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 37,424 shares of the industrial products company's stock after acquiring an additional 7,302 shares during the period. Royal Bank of Canada owned about 0.19% of Valmont Industries worth $10,681,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Dimensional Fund Advisors LP grew its holdings in shares of Valmont Industries by 1.1% in the first quarter. Dimensional Fund Advisors LP now owns 429,900 shares of the industrial products company's stock valued at $122,682,000 after acquiring an additional 4,722 shares in the last quarter. Segall Bryant & Hamill LLC grew its holdings in shares of Valmont Industries by 3.4% in the first quarter. Segall Bryant & Hamill LLC now owns 299,901 shares of the industrial products company's stock valued at $85,583,000 after acquiring an additional 9,979 shares in the last quarter. Allianz Asset Management GmbH grew its holdings in shares of Valmont Industries by 118.0% in the first quarter. Allianz Asset Management GmbH now owns 274,769 shares of the industrial products company's stock valued at $78,411,000 after acquiring an additional 148,740 shares in the last quarter. Northern Trust Corp lifted its stake in Valmont Industries by 7.3% in the first quarter. Northern Trust Corp now owns 216,253 shares of the industrial products company's stock valued at $61,712,000 after purchasing an additional 14,694 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its stake in Valmont Industries by 759.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 172,967 shares of the industrial products company's stock valued at $49,361,000 after purchasing an additional 152,832 shares during the last quarter. 87.84% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. 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. Wall Street Zen downgraded Valmont Industries from a "buy" rating to a "hold" rating in a research note on Sunday, September 7th. Finally, Stifel Nicolaus upped their price objective on Valmont Industries from $345.00 to $382.00 and gave the company a "buy" rating in a research note on Monday, July 21st. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $391.00.

Insider Buying and Selling at Valmont Industries

In other news, CAO Timothy P. Francis sold 2,867 shares of the company's stock in a transaction on Friday, August 1st. The shares were sold at an average price of $358.52, for a total value of $1,027,876.84. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 1.50% of the company's stock.

Valmont Industries Trading Up 2.5%

NYSE:VMI opened at $387.13 on Friday. The company has a market cap of $7.64 billion, a P/E ratio of 36.05 and a beta of 1.14. The stock's fifty day moving average price is $361.57 and its two-hundred day moving average price is $328.28. Valmont Industries, Inc. has a 1 year low of $250.07 and a 1 year high of $388.10. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.15 and a quick ratio of 1.44.

Valmont Industries (NYSE:VMI - Get Free Report) last posted its earnings results on Tuesday, July 22nd. The industrial products company reported $4.88 earnings per share (EPS) for the quarter, topping the consensus estimate 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 return on equity of 22.10% and a net margin of 5.98%.The business's quarterly revenue was up 1.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $4.91 earnings per share. Valmont Industries has set its FY 2025 guidance at 17.500-19.500 EPS. As a group, analysts expect that Valmont Industries, Inc. will post 18.07 EPS for the current year.

Valmont Industries Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Friday, September 26th will be issued a $0.68 dividend. The ex-dividend date of this dividend is Friday, September 26th. This represents a $2.72 annualized dividend and a dividend yield of 0.7%. Valmont Industries's dividend payout ratio is presently 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.

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