United Services Automobile Association Takes Position in Valmont Industries, Inc. $VMI

Key Points

• United Services Automobile Association invested approximately $389,000 in Valmont Industries, acquiring 1,344 shares in the first quarter of the year.
• Valmont Industries is experiencing positive analyst sentiment, with research firms adjusting price targets upwards, reflecting a consensus rating of "Moderate Buy" and an average target price of $391.00.
• The company announced a quarterly dividend of $0.68 per share, set to be paid on October 15th, representing an annualized yield of 0.7%.

United Services Automobile Association acquired a new stake in Valmont Industries, Inc. (NYSE:VMI - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,344 shares of the industrial products company's stock, valued at approximately $389,000.

Other institutional investors also recently bought and sold shares of the company. WPG Advisers LLC acquired a new position in Valmont Industries in the first quarter valued at $27,000. Smartleaf Asset Management LLC increased its stake 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 valued at $31,000 after purchasing an additional 50 shares during the period. GAMMA Investing LLC increased its stake in Valmont Industries by 82.3% in the first quarter. GAMMA Investing LLC now owns 226 shares of the industrial products company's stock valued at $64,000 after purchasing an additional 102 shares during the period. Signaturefd LLC increased its stake in Valmont Industries by 23.9% in the first quarter. Signaturefd LLC now owns 270 shares of the industrial products company's stock valued at $77,000 after purchasing an additional 52 shares during the period. Finally, New Age Alpha Advisors LLC acquired a new position in Valmont Industries in the first quarter valued at $82,000. 87.84% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on VMI. Wall Street Zen lowered shares of Valmont Industries from a "buy" rating to a "hold" rating in a research note on Sunday, September 7th. Stifel Nicolaus boosted their price target 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. Finally, DA Davidson boosted their price target 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. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat, Valmont Industries presently has an average rating of "Moderate Buy" and an average price target of $391.00.

Valmont Industries Price Performance

VMI traded up $4.24 during midday trading on Monday, reaching $377.86. 186,007 shares of the company's stock were exchanged, compared to its average volume of 169,531. 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 stock has a market capitalization of $7.46 billion, a PE ratio of 35.18 and a beta of 1.14. The business's 50-day moving average price is $362.21 and its 200 day moving average price is $328.22. Valmont Industries, Inc. has a 1-year low of $250.07 and a 1-year high of $388.55.

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 (EPS) for the quarter, topping analysts' consensus estimates of $4.78 by $0.10. The company had revenue of $1.05 billion during the quarter, compared to analysts' expectations of $1.03 billion. Valmont Industries had a net margin of 5.98% and a return on equity of 22.10%. The firm's quarterly revenue was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $4.91 earnings per share. Valmont Industries has set its FY 2025 guidance at 17.500-19.500 EPS. As a group, equities analysts anticipate that Valmont Industries, Inc. will post 18.07 EPS for the current fiscal year.

Valmont Industries Announces Dividend

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

Insider Activity at Valmont Industries

In other news, CAO Timothy P. Francis sold 2,867 shares of the business's stock in a transaction that occurred 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 completion of the transaction, the chief accounting officer owned 9,746 shares of the company's stock, valued at $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 SEC, which is available at the SEC website. 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.