Thurston Springer Miller Herd & Titak Inc. Increases Stock Holdings in 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. lifted its holdings in shares of Valmont Industries, Inc. (NYSE:VMI - Free Report) by 28.0% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,292 shares of the industrial products company's stock after acquiring an additional 721 shares during the period. Thurston Springer Miller Herd & Titak Inc.'s holdings in Valmont Industries were worth $1,075,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of VMI. WPG Advisers LLC purchased a new stake in Valmont Industries during the first quarter worth $27,000. Smartleaf Asset Management LLC increased its stake in Valmont Industries by 87.7% during the first quarter. Smartleaf Asset Management LLC now owns 107 shares of the industrial products company's stock worth $31,000 after acquiring an additional 50 shares during the last quarter. Geneos Wealth Management Inc. increased 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 worth $43,000 after acquiring an additional 105 shares during the last quarter. GAMMA Investing LLC boosted its position 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 during the period. Finally, Signaturefd LLC boosted its position 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 worth $77,000 after buying an additional 52 shares during the period. 87.84% of the stock is currently owned by hedge funds and other institutional investors.

Valmont Industries Stock Performance

Valmont Industries stock traded down $4.15 during midday trading on Friday, reaching $374.81. 47,239 shares of the company's stock were exchanged, compared to its average volume of 168,652. 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, Inc. has a 52 week low of $250.07 and a 52 week high of $388.55. The stock's 50-day simple moving average is $365.08 and its 200 day simple moving average is $329.35. The firm has a market cap of $7.40 billion, a price-to-earnings ratio of 34.97 and a beta of 1.14.

Valmont Industries (NYSE:VMI - Get Free Report) last issued its quarterly earnings results 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. 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 analysts' expectations of $1.03 billion. During the same quarter in the prior year, the firm posted $4.91 earnings per share. The business'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. On average, analysts expect that Valmont Industries, Inc. will post 18.07 earnings per share for the current fiscal year.

Valmont Industries Dividend Announcement

The firm also recently announced 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. This represents a $2.72 annualized dividend and a yield of 0.7%. The ex-dividend date is Friday, September 26th. Valmont Industries's payout ratio is 25.33%.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at Valmont Industries

In other 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 value of $1,027,876.84. Following the transaction, the chief accounting officer 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.50% of the stock is currently owned by insiders.

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.