Royal Bank of Canada Purchases 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 grew its stake in Valmont Industries, Inc. (NYSE:VMI - Free Report) by 24.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 37,424 shares of the industrial products company's stock after purchasing an additional 7,302 shares during the period. Royal Bank of Canada owned approximately 0.19% of Valmont Industries worth $10,681,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of VMI. Dimensional Fund Advisors LP lifted its holdings in shares of Valmont Industries by 1.1% during 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 during the period. Segall Bryant & Hamill LLC boosted its holdings in shares of Valmont Industries by 3.4% in the 1st quarter. Segall Bryant & Hamill LLC now owns 299,901 shares of the industrial products company's stock worth $85,583,000 after acquiring an additional 9,979 shares in the last quarter. Allianz Asset Management GmbH boosted its holdings in shares of Valmont Industries by 118.0% in the 1st quarter. Allianz Asset Management GmbH now owns 274,769 shares of the industrial products company's stock worth $78,411,000 after acquiring an additional 148,740 shares in the last quarter. Northern Trust Corp boosted its holdings in shares of Valmont Industries by 7.3% in the 1st quarter. Northern Trust Corp now owns 216,253 shares of the industrial products company's stock worth $61,712,000 after acquiring an additional 14,694 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its holdings in shares of Valmont Industries by 759.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 172,967 shares of the industrial products company's stock worth $49,361,000 after acquiring an additional 152,832 shares in the last quarter. 87.84% of the stock is currently owned by institutional investors.

Valmont Industries Trading Down 0.6%

NYSE VMI traded down $2.12 on Wednesday, reaching $372.20. The company had a trading volume of 125,604 shares, compared to its average volume of 212,996. The stock's 50 day moving average is $364.30 and its 200-day moving average is $329.05. The stock has a market cap of $7.35 billion, a price-to-earnings ratio of 34.66 and a beta of 1.14. 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 52 week low of $250.07 and a 52 week high of $388.55.

Valmont Industries (NYSE:VMI - Get Free Report) last released its quarterly earnings data on Tuesday, July 22nd. The industrial products company reported $4.88 EPS 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 return on equity of 22.10% and a net margin of 5.98%.The firm's revenue was up 1.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $4.91 earnings per share. Valmont Industries has set its FY 2025 guidance at 17.500-19.500 EPS. Equities analysts predict 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 issued a dividend of $0.68 per share. The ex-dividend date is Friday, September 26th. This represents a $2.72 annualized dividend and a yield of 0.7%. Valmont Industries's payout ratio is currently 25.33%.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. DA Davidson increased their price objective on shares of Valmont Industries from $380.00 to $400.00 and gave the stock a "neutral" rating in a report on Wednesday, July 23rd. Wall Street Zen lowered shares of Valmont Industries from a "buy" rating to a "hold" rating in a report on Sunday, September 7th. Finally, Stifel Nicolaus increased their price objective 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. Two research 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, the stock has an average rating of "Moderate Buy" and an average target price of $391.00.

Insiders Place Their Bets

In other Valmont Industries news, CAO Timothy P. Francis sold 2,867 shares of Valmont Industries stock in a transaction dated Friday, August 1st. The stock was 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. The trade was a 22.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.50% of the company's stock.

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.