UniSuper Management Pty Ltd Takes $1.47 Million Position 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 acquired a new position in Valmont Industries, Inc. (NYSE:VMI - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 5,148 shares of the industrial products company's stock, valued at approximately $1,469,000.

Several other hedge funds have also added to or reduced their stakes in the stock. Beverly Hills Private Wealth LLC raised its position in 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 worth $334,000 after acquiring an additional 43 shares during the period. Smartleaf Asset Management LLC raised its position in Valmont Industries by 87.7% in 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 period. Vestcor Inc raised its position in Valmont Industries by 2.0% in the first quarter. Vestcor Inc now owns 2,651 shares of the industrial products company's stock worth $757,000 after acquiring an additional 51 shares during the period. Signaturefd LLC raised its position in 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 acquiring an additional 52 shares during the period. Finally, TBH Global Asset Management LLC raised its position in Valmont Industries by 1.5% in 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 acquiring an additional 58 shares during the period. Institutional investors own 87.84% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Wall Street Zen lowered shares of Valmont Industries from a "buy" rating to a "hold" rating in a research report on Sunday, September 7th. DA Davidson lifted their price objective on shares of Valmont Industries from $380.00 to $400.00 and gave the company a "neutral" rating in a research note on Wednesday, July 23rd. Finally, Stifel Nicolaus boosted their target price on shares of Valmont Industries from $345.00 to $382.00 and gave the company a "buy" rating in a 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 company. According to data from MarketBeat, Valmont Industries has an average rating of "Moderate Buy" and an average target price of $391.00.

Valmont Industries Price Performance

NYSE:VMI traded down $3.27 during trading hours on Tuesday, hitting $374.57. 162,450 shares of the company's stock traded hands, compared to its average volume of 212,976. Valmont Industries, Inc. has a 52 week low of $250.07 and a 52 week high of $388.55. The business's fifty day simple moving average is $363.65 and its two-hundred day simple moving average is $328.75. The company has a quick ratio of 1.44, a current ratio of 2.15 and a debt-to-equity ratio of 0.48. The firm has a market cap of $7.39 billion, a P/E ratio of 34.88 and a beta of 1.14.

Valmont Industries (NYSE:VMI - Get Free Report) last announced its earnings results on Tuesday, July 22nd. The industrial products company reported $4.88 earnings per share for the quarter, topping analysts' consensus estimates of $4.78 by $0.10. The business had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.03 billion. Valmont Industries had a return on equity of 22.10% and a net margin of 5.98%.The company's quarterly revenue was up 1.0% compared to the same quarter last year. During the same period in the prior year, the company earned $4.91 EPS. Valmont Industries has set its FY 2025 guidance at 17.500-19.500 EPS. On average, research analysts anticipate 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. Shareholders of record on Friday, September 26th will be paid a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Friday, September 26th. Valmont Industries's dividend payout ratio is currently 25.33%.

Insiders Place Their Bets

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

About Valmont Industries

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.