UniSuper Management Pty Ltd Makes New $1.47 Million Investment in Valmont Industries, Inc. $VMI

Key Points

• UniSuper Management Pty Ltd has invested approximately $1.47 million in Valmont Industries, acquiring 5,148 shares during the first quarter.
• Valmont Industries' recent quarterly earnings exceeded analysts' expectations, reporting $4.88 EPS against a consensus estimate of $4.78.
• The company has announced a quarterly dividend of $0.68 per share, representing an annualized dividend of $2.72 and a yield of 0.7%.

UniSuper Management Pty Ltd purchased a new position in shares of Valmont Industries, Inc. (NYSE:VMI - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 5,148 shares of the industrial products company's stock, valued at approximately $1,469,000.

A number of other hedge funds also recently bought and sold shares of the business. Beverly Hills Private Wealth LLC boosted its position in Valmont Industries by 3.8% during the first quarter. Beverly Hills Private Wealth LLC now owns 1,169 shares of the industrial products company's stock worth $334,000 after purchasing an additional 43 shares in the last quarter. Smartleaf Asset Management LLC increased its position in shares of 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 purchasing an additional 50 shares in the last quarter. Vestcor Inc increased its position in shares of Valmont Industries by 2.0% during the first quarter. Vestcor Inc now owns 2,651 shares of the industrial products company's stock worth $757,000 after purchasing an additional 51 shares in the last quarter. Signaturefd LLC increased 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 worth $77,000 after purchasing an additional 52 shares in the last quarter. Finally, TBH Global Asset Management LLC increased its position in shares of Valmont Industries by 1.5% during the first quarter. TBH Global Asset Management LLC now owns 3,945 shares of the industrial products company's stock worth $1,126,000 after purchasing an additional 58 shares in the last quarter. Hedge funds and other institutional investors own 87.84% of the company's stock.

Insider Buying and Selling

In related news, CAO Timothy P. Francis sold 2,867 shares of Valmont Industries stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $358.52, for a total transaction of $1,027,876.84. Following the transaction, the chief accounting officer owned 9,746 shares in the company, valued at approximately $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 can be accessed through this link. Insiders own 1.50% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on VMI. Stifel Nicolaus boosted 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. DA Davidson boosted 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. Finally, Wall Street Zen cut Valmont Industries from a "buy" rating to a "hold" rating in a research report on Sunday. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $391.00.

Valmont Industries Stock Performance

Shares of Valmont Industries stock opened at $378.24 on Thursday. Valmont Industries, Inc. has a one year low of $250.07 and a one year high of $384.08. The company has a market cap of $7.47 billion, a price-to-earnings ratio of 35.22 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. The business's 50 day moving average price is $360.66 and its 200 day moving average price is $327.98.

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, topping analysts' consensus estimates of $4.78 by $0.10. Valmont Industries had a return on equity of 22.10% and a net margin of 5.98%.The firm had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter last year, the business posted $4.91 earnings per share. The firm's 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, research analysts predict that Valmont Industries, Inc. will post 18.07 EPS for the current year.

Valmont Industries Announces Dividend

The business also recently disclosed 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 dividend on an annualized basis and a yield of 0.7%. Valmont Industries's dividend payout ratio (DPR) is presently 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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