Strs Ohio Makes New $1.48 Million Investment in Valmont Industries, Inc. $VMI

Key Points

• Strs Ohio acquired 5,169 shares of Valmont Industries, valued at approximately $1.475 million, indicating increasing institutional interest in the company.
• Valmont Industries reported $4.88 EPS for the last quarter, surpassing analysts' expectations, with revenue rising to $1.05 billion.
• The company announced a quarterly dividend of $0.68 per share, reflecting a dividend yield of 0.7% and a 25.33% payout ratio.

Strs Ohio acquired a new stake in shares of Valmont Industries, Inc. (NYSE:VMI - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,169 shares of the industrial products company's stock, valued at approximately $1,475,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. WPG Advisers LLC purchased a new position in shares of Valmont Industries during the 1st quarter valued at about $27,000. Smartleaf Asset Management LLC grew its position in shares of Valmont Industries by 87.7% in the 1st quarter. Smartleaf Asset Management LLC now owns 107 shares of the industrial products company's stock worth $31,000 after buying an additional 50 shares during the period. Geneos Wealth Management Inc. raised its stake in Valmont Industries by 223.4% during the first quarter. Geneos Wealth Management Inc. now owns 152 shares of the industrial products company's stock valued at $43,000 after buying an additional 105 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of Valmont Industries by 82.3% in the first quarter. GAMMA Investing LLC now owns 226 shares of the industrial products company's stock worth $64,000 after buying an additional 102 shares in the last quarter. Finally, Signaturefd LLC boosted its position in shares of Valmont Industries by 23.9% during 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 during the last quarter. Institutional investors own 87.84% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. DA Davidson raised their target price on shares of Valmont Industries from $380.00 to $400.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 23rd. Wall Street Zen lowered shares of Valmont Industries from a "buy" rating to a "hold" rating in a research note on Sunday, September 7th. Finally, Stifel Nicolaus increased their price target on Valmont Industries from $345.00 to $382.00 and gave the stock a "buy" rating in a research report on Monday, July 21st. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $391.00.

Valmont Industries Price Performance

Shares of Valmont Industries stock traded down $4.11 on Friday, hitting $374.84. The company had a trading volume of 294,240 shares, compared to its average volume of 202,537. Valmont Industries, Inc. has a 52 week low of $250.07 and a 52 week high of $388.55. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.15 and a quick ratio of 1.44. The company has a market cap of $7.40 billion, a PE ratio of 34.90 and a beta of 1.14. The business has a 50-day simple moving average of $365.86 and a 200-day simple moving average of $329.64.

Valmont Industries (NYSE:VMI - Get Free Report) last issued its quarterly earnings results on Tuesday, July 22nd. The industrial products company reported $4.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.78 by $0.10. The company 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 22.10% and a net margin of 5.98%.The firm's revenue for the quarter was up 1.0% on a year-over-year basis. During the same period last year, the firm earned $4.91 EPS. Valmont Industries has set its FY 2025 guidance at 17.500-19.500 EPS. Research analysts expect that Valmont Industries, Inc. will post 18.07 EPS for the current fiscal year.

Valmont Industries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Friday, September 26th will be given a $0.68 dividend. The ex-dividend date is Friday, September 26th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 0.7%. Valmont Industries's dividend payout ratio (DPR) is 25.33%.

Insider Buying and Selling at Valmont Industries

In other Valmont Industries news, CAO Timothy P. Francis sold 2,867 shares of the business's stock in a transaction 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 sale, the chief accounting officer directly owned 9,746 shares of the company's stock, valued at $3,494,135.92. The trade was a 22.73% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.50% of the stock is currently owned by company insiders.

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.