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

A number of other institutional investors have also modified their holdings of the company. Caxton Associates LLP acquired a new position in Valmont Industries during the first quarter worth approximately $353,000. Goldman Sachs Group Inc. boosted its stake in Valmont Industries by 8.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 59,127 shares of the industrial products company's stock valued at $16,873,000 after acquiring an additional 4,676 shares during the last quarter. Dynamic Technology Lab Private Ltd lifted its position in shares of Valmont Industries by 13.6% in the 1st quarter. Dynamic Technology Lab Private Ltd now owns 4,670 shares of the industrial products company's stock worth $1,333,000 after buying an additional 560 shares during the last quarter. UniSuper Management Pty Ltd bought a new position in shares of Valmont Industries in the 1st quarter worth about $1,469,000. Finally, Scientech Research LLC bought a new position in shares of Valmont Industries in the 1st quarter worth about $657,000. Institutional investors and hedge funds own 87.84% of the company's stock.

Insider Activity

In other Valmont Industries news, CAO Timothy P. Francis sold 2,867 shares of the 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 directly owned 9,746 shares in the company, valued at approximately $3,494,135.92. This represents a 22.73% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.50% of the company's stock.

Valmont Industries Stock Up 0.3%

Shares of NYSE:VMI traded up $0.98 during midday trading on Wednesday, hitting $375.30. The stock had a trading volume of 26,393 shares, compared to its average volume of 168,675. The business's 50-day simple moving average is $363.65 and its 200-day simple moving average is $328.75. Valmont Industries, Inc. has a 12 month low of $250.07 and a 12 month high of $388.55. The company has a market cap of $7.41 billion, a P/E ratio of 34.91 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 posted 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 company had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.03 billion. Valmont Industries had a return on equity of 22.10% and a net margin of 5.98%.The company's revenue was up 1.0% on a year-over-year basis. During the same quarter last year, the firm earned $4.91 earnings per share. Valmont Industries has set its FY 2025 guidance at 17.500-19.500 EPS. On average, sell-side analysts forecast that Valmont Industries, Inc. will post 18.07 earnings per share for the current fiscal year.

Valmont Industries Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities analysts have commented on VMI shares. Wall Street Zen cut shares of Valmont Industries from a "buy" rating to a "hold" rating in a research note 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 price objective 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 issued a Hold rating to the company. According to MarketBeat, Valmont Industries currently has a consensus rating of "Moderate Buy" and an average price target of $391.00.

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.