Sandler Capital Management Acquires 4,466 Shares of Valmont Industries, Inc. $VMI

Key Points

• Sandler Capital Management increased its stake in Valmont Industries by 25.3%, owning 22,099 shares after purchasing 4,466 additional shares during the first quarter.
• Valmont Industries reported a quarterly earnings per share of $4.88, exceeding analysts' estimates, with a revenue of $1.05 billion, representing a 1.0% year-over-year increase.
• The company declared a quarterly dividend of $0.68, with a yield of 0.7% and a payout ratio of 25.33%, to be paid on October 15th to shareholders of record as of September 26th.

Sandler Capital Management boosted its holdings in Valmont Industries, Inc. (NYSE:VMI - Free Report) by 25.3% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 22,099 shares of the industrial products company's stock after purchasing an additional 4,466 shares during the quarter. Valmont Industries accounts for about 1.6% of Sandler Capital Management's portfolio, making the stock its 12th largest holding. Sandler Capital Management owned approximately 0.11% of Valmont Industries worth $6,306,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Dimensional Fund Advisors LP grew its holdings in shares of Valmont Industries by 1.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 429,900 shares of the industrial products company's stock worth $122,682,000 after purchasing an additional 4,722 shares in the last quarter. Segall Bryant & Hamill LLC boosted its holdings in shares of Valmont Industries by 3.4% during the 1st 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 increased its holdings in 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 purchasing an additional 148,740 shares during the period. Northern Trust Corp increased its holdings 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 period. Finally, Price T Rowe Associates Inc. MD boosted its stake 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 valued at $49,361,000 after purchasing an additional 152,832 shares during the last quarter. Institutional investors and hedge funds own 87.84% of the company's stock.

Insider Buying and Selling

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 transaction, the chief accounting officer directly owned 9,746 shares in the company, valued at $3,494,135.92. This trade represents a 22.73% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.50% of the stock is owned by insiders.

Valmont Industries Stock Performance

VMI traded up $9.48 during trading hours on Thursday, hitting $387.13. The stock had a trading volume of 208,119 shares, compared to its average volume of 169,299. The company's fifty day simple moving average is $360.66 and its 200 day simple moving average is $327.98. Valmont Industries, Inc. has a 1 year low of $250.07 and a 1 year high of $388.10. The stock has a market cap of $7.64 billion, a PE ratio of 36.05 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 (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 company had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.03 billion. Valmont Industries had a net margin of 5.98% and a return on equity of 22.10%. Valmont Industries's revenue was up 1.0% compared to the same quarter last year. During the same period last year, the business earned $4.91 earnings per share. Valmont Industries has set its FY 2025 guidance at 17.500-19.500 EPS. Equities analysts anticipate that Valmont Industries, Inc. will post 18.07 earnings per share for the current year.

Valmont Industries Announces Dividend

The business 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. 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 presently 25.33%.

Analyst Ratings Changes

A number of brokerages have weighed in on VMI. Wall Street Zen downgraded Valmont Industries from a "buy" rating to a "hold" rating in a report on Sunday. DA Davidson lifted their price objective on shares of Valmont Industries from $380.00 to $400.00 and gave the company a "neutral" rating in a report on Wednesday, July 23rd. Finally, Stifel Nicolaus increased their target price on shares of Valmont Industries from $345.00 to $382.00 and gave the company a "buy" rating in a report on Monday, July 21st. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus 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.