Thurston Springer Miller Herd & Titak Inc. Buys 721 Shares of Valmont Industries, Inc. $VMI

Key Points

• Thurston Springer Miller Herd & Titak Inc. increased its holdings in Valmont Industries by 28.0%, now owning a total of 3,292 shares worth approximately $1,075,000 as of the latest quarter.
• The recent earnings report showed Valmont Industries beat analysts’ expectations with $4.88 EPS and revenue of $1.05 billion, indicating a 1.0% increase from the previous year.
• Valmont Industries announced a quarterly dividend of $0.68 per share, representing a 0.7% dividend yield, with the payment scheduled for October 15th.

Thurston Springer Miller Herd & Titak Inc. increased its position in Valmont Industries, Inc. (NYSE:VMI - Free Report) by 28.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,292 shares of the industrial products company's stock after acquiring an additional 721 shares during the quarter. Thurston Springer Miller Herd & Titak Inc.'s holdings in Valmont Industries were worth $1,075,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in VMI. Dimensional Fund Advisors LP grew its stake in Valmont Industries by 1.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 429,900 shares of the industrial products company's stock worth $122,682,000 after buying an additional 4,722 shares in the last quarter. Segall Bryant & Hamill LLC grew its stake in shares of Valmont Industries by 3.4% during the first quarter. Segall Bryant & Hamill LLC now owns 299,901 shares of the industrial products company's stock valued at $85,583,000 after buying an additional 9,979 shares during the last quarter. Allianz Asset Management GmbH increased its holdings in shares of 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 worth $78,411,000 after buying an additional 148,740 shares during the period. Northern Trust Corp increased its holdings in shares of Valmont Industries by 7.3% in the first quarter. Northern Trust Corp now owns 216,253 shares of the industrial products company's stock worth $61,712,000 after buying an additional 14,694 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted 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 acquiring an additional 152,832 shares during the last quarter. 87.84% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Valmont Industries

In other Valmont Industries news, CAO Timothy P. Francis sold 2,867 shares of the firm's stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $358.52, for a total value of $1,027,876.84. Following the completion of 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 1.50% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

VMI has been the topic of several recent research reports. DA Davidson raised their price target on Valmont Industries from $380.00 to $400.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 23rd. Wall Street Zen cut shares of Valmont Industries from a "buy" rating to a "hold" rating in a report on Sunday, September 7th. Finally, Stifel Nicolaus lifted their target price on shares of Valmont Industries from $345.00 to $382.00 and gave the stock a "buy" rating in a research note on Monday, July 21st. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, Valmont Industries has a consensus rating of "Moderate Buy" and an average price target of $391.00.

Valmont Industries Price Performance

Shares of Valmont Industries stock opened at $373.76 on Monday. The business has a 50 day moving average of $362.21 and a 200 day moving average of $328.22. Valmont Industries, Inc. has a 52 week low of $250.07 and a 52 week high of $388.55. The company has a market cap of $7.38 billion, a PE ratio of 34.80 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 issued its quarterly earnings data on Tuesday, July 22nd. The industrial products company reported $4.88 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.78 by $0.10. Valmont Industries had a net margin of 5.98% and a return on equity of 22.10%. 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 firm earned $4.91 EPS. The company's quarterly revenue was up 1.0% compared to the same quarter last year. Valmont Industries has set its FY 2025 guidance at 17.500-19.500 EPS. As a group, equities research analysts forecast that Valmont Industries, Inc. will post 18.07 earnings per share for the current 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 dividend of $0.68 per share. The ex-dividend date is Friday, September 26th. This represents a $2.72 annualized dividend and a dividend yield of 0.7%. Valmont Industries's payout ratio is currently 25.33%.

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.

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