Sandler Capital Management Buys 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 stake in shares of Valmont Industries, Inc. (NYSE:VMI - Free Report) by 25.3% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,099 shares of the industrial products company's stock after buying an additional 4,466 shares during the period. Valmont Industries makes up about 1.6% of Sandler Capital Management's investment portfolio, making the stock its 12th largest holding. Sandler Capital Management owned 0.11% of Valmont Industries worth $6,306,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Nitorum Capital L.P. increased its position in Valmont Industries by 2.0% during the 1st quarter. Nitorum Capital L.P. now owns 55,576 shares of the industrial products company's stock valued at $15,860,000 after buying an additional 1,066 shares in the last quarter. Millennium Management LLC boosted its stake in shares of Valmont Industries by 225.1% in the 1st quarter. Millennium Management LLC now owns 67,630 shares of the industrial products company's stock worth $19,300,000 after buying an additional 46,825 shares during the last quarter. Gotham Asset Management LLC boosted its stake in shares of Valmont Industries by 57.1% in the 1st quarter. Gotham Asset Management LLC now owns 74,125 shares of the industrial products company's stock worth $21,153,000 after buying an additional 26,928 shares during the last quarter. AQR Capital Management LLC boosted its stake in shares of Valmont Industries by 108.8% in the 1st quarter. AQR Capital Management LLC now owns 36,029 shares of the industrial products company's stock worth $10,185,000 after buying an additional 18,771 shares during the last quarter. Finally, Advisors Asset Management Inc. boosted its stake in shares of Valmont Industries by 1.3% in the 1st quarter. Advisors Asset Management Inc. now owns 19,951 shares of the industrial products company's stock worth $5,693,000 after buying an additional 252 shares during the last quarter. Institutional investors own 87.84% of the company's stock.

Insider Activity

In other 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 value of $1,027,876.84. Following the sale, the chief accounting officer directly owned 9,746 shares of the company's stock, valued at approximately $3,494,135.92. The trade was a 22.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 1.50% of the company's stock.

Valmont Industries Price Performance

Shares of Valmont Industries stock traded down $7.22 during trading hours on Tuesday, hitting $372.35. The company's stock had a trading volume of 202,297 shares, compared to its average volume of 219,343. The business has a 50 day moving average price of $359.92 and a two-hundred day moving average price of $327.63. Valmont Industries, Inc. has a 12-month low of $250.07 and a 12-month high of $384.08. The company has a market cap of $7.35 billion, a PE ratio of 34.67 and a beta of 1.14. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.44 and a current ratio of 2.15.

Valmont Industries (NYSE:VMI - Get Free Report) last announced its quarterly earnings data on Tuesday, July 22nd. The industrial products company reported $4.88 EPS for the quarter, beating the consensus estimate of $4.78 by $0.10. Valmont Industries had a return on equity of 22.10% and a net margin of 5.98%.The business 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 earnings per share. The business'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. 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. Stockholders of record on Friday, September 26th will be issued a $0.68 dividend. This represents a $2.72 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Friday, September 26th. Valmont Industries's payout ratio is 25.33%.

Wall Street Analysts Forecast Growth

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