Sequoia Financial Advisors LLC Makes New Investment in Valmont Industries, Inc. $VMI

Sequoia Financial Advisors LLC purchased a new position in shares of Valmont Industries, Inc. (NYSE:VMI - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 775 shares of the industrial products company's stock, valued at approximately $253,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. D.B. Root & Company LLC increased its stake in 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 worth $877,000 after acquiring an additional 41 shares during the last quarter. Beverly Hills Private Wealth LLC grew its stake in shares of Valmont Industries by 3.8% in 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 in the last quarter. Smartleaf Asset Management LLC grew its stake in shares of Valmont Industries by 87.7% in 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 in the last quarter. Vestcor Inc grew its stake in shares of Valmont Industries by 2.0% in 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 in the last quarter. Finally, Signaturefd LLC grew its stake in shares of Valmont Industries by 23.9% in 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 in the last quarter. 87.84% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CAO Timothy P. Francis sold 2,867 shares of the firm's stock in a transaction that occurred on 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 in the company, valued at $3,494,135.92. This trade represents a 22.73% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.50% of the stock is currently owned by corporate insiders.

Valmont Industries Stock Down 3.3%

Shares of Valmont Industries stock opened at $400.79 on Thursday. The company has a current ratio of 2.15, a quick ratio of 1.44 and a debt-to-equity ratio of 0.48. The business's 50 day simple moving average is $383.10 and its 200-day simple moving average is $343.12. The stock has a market capitalization of $7.91 billion, a price-to-earnings ratio of 34.52 and a beta of 1.15. Valmont Industries, Inc. has a twelve month low of $250.07 and a twelve month high of $418.90.

Valmont Industries (NYSE:VMI - Get Free Report) last announced its quarterly earnings results on Tuesday, October 21st. The industrial products company reported $4.98 earnings per share for the quarter, topping analysts' consensus estimates of $4.64 by $0.34. The business had revenue of $1.05 billion for the quarter, compared to analysts' expectations of $1.03 billion. Valmont Industries had a return on equity of 23.02% and a net margin of 6.33%.The business's quarterly revenue was up 2.5% on a year-over-year basis. During the same period in the prior year, the firm earned $4.11 EPS. Valmont Industries has set its FY 2025 guidance at 18.700-19.50 EPS. Equities research analysts forecast 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 was paid on Wednesday, October 15th. Investors of record on Friday, September 26th were given a $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 0.7%. The ex-dividend date was Friday, September 26th. Valmont Industries's dividend payout ratio (DPR) is currently 23.43%.

Wall Street Analysts Forecast Growth

VMI has been the subject of a number of recent research reports. Stifel Nicolaus increased their target price on Valmont Industries from $400.00 to $450.00 and gave the company a "buy" rating in a research note on Monday. JPMorgan Chase & Co. initiated coverage on Valmont Industries in a research note on Friday, September 26th. They issued an "overweight" rating and a $480.00 target price for the company. DA Davidson increased their target price on Valmont Industries from $400.00 to $415.00 and gave the company a "neutral" rating in a research note on Wednesday. Weiss Ratings reiterated a "hold (c)" rating on shares of Valmont Industries in a research note on Wednesday, October 8th. Finally, Wall Street Zen upgraded Valmont Industries from a "hold" rating to a "buy" rating in a research note on Sunday. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $448.33.

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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