US Bancorp DE Sells 31,139 Shares of Valmont Industries, Inc. $VMI

Key Points

• US Bancorp DE significantly reduced its stake in Valmont Industries by 78.5% during the second quarter, selling 31,139 shares and leaving them with 8,526 shares worth approximately $2.78 million.
• Multiple institutional investors increased their holdings in Valmont Industries, with Allianz Asset Management boosting its position by an impressive 118.0% in the first quarter.
• Valmont Industries announced a quarterly dividend of $0.68 per share, set to be paid on October 15th, implying an annualized dividend yield of 0.7%.

US Bancorp DE cut its position in Valmont Industries, Inc. (NYSE:VMI - Free Report) by 78.5% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,526 shares of the industrial products company's stock after selling 31,139 shares during the quarter. US Bancorp DE's holdings in Valmont Industries were worth $2,784,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of VMI. Dimensional Fund Advisors LP lifted its position in Valmont Industries by 1.1% during the first quarter. Dimensional Fund Advisors LP now owns 429,900 shares of the industrial products company's stock worth $122,682,000 after purchasing an additional 4,722 shares during the period. Segall Bryant & Hamill LLC lifted its position in Valmont Industries by 3.4% during the first quarter. Segall Bryant & Hamill LLC now owns 299,901 shares of the industrial products company's stock worth $85,583,000 after purchasing an additional 9,979 shares during the period. Allianz Asset Management GmbH lifted its position in Valmont Industries by 118.0% during the first quarter. Allianz Asset Management GmbH now owns 274,769 shares of the industrial products company's stock worth $78,411,000 after purchasing an additional 148,740 shares during the period. Northern Trust Corp lifted its position in Valmont Industries by 7.3% during the first quarter. Northern Trust Corp now owns 216,253 shares of the industrial products company's stock worth $61,712,000 after purchasing an additional 14,694 shares during the period. Finally, Vaughan Nelson Investment Management L.P. lifted its position in Valmont Industries by 42.9% during the second quarter. Vaughan Nelson Investment Management L.P. now owns 187,765 shares of the industrial products company's stock worth $61,318,000 after purchasing an additional 56,380 shares during the period. 87.84% of the stock is owned by institutional investors and hedge funds.

Insider Activity

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

Valmont Industries Price Performance

Valmont Industries stock opened at $402.94 on Wednesday. The company has a current ratio of 2.15, a quick ratio of 1.44 and a debt-to-equity ratio of 0.48. The company has a market capitalization of $7.95 billion, a PE ratio of 37.52 and a beta of 1.15. Valmont Industries, Inc. has a 12 month low of $250.07 and a 12 month high of $411.17. The stock has a 50-day moving average price of $378.82 and a two-hundred day moving average price of $338.35.

Valmont Industries (NYSE:VMI - Get Free Report) last posted its earnings results on Tuesday, July 22nd. The industrial products company reported $4.88 EPS for the quarter, beating the consensus estimate of $4.78 by $0.10. The firm 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 business's quarterly revenue was up 1.0% on a year-over-year basis. During the same period last year, the company earned $4.91 earnings per share. Valmont Industries has set its FY 2025 guidance at 17.500-19.500 EPS. Analysts expect that Valmont Industries, Inc. will post 18.07 EPS for the current year.

Valmont Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Friday, September 26th will be given 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 (DPR) is 25.33%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Wall Street Zen cut shares of Valmont Industries from a "buy" rating to a "hold" rating in a research report on Saturday. JPMorgan Chase & Co. began coverage on Valmont Industries in a research report on Friday, September 26th. They set an "overweight" rating and a $480.00 price objective for the company. DA Davidson upped their price objective on Valmont Industries from $380.00 to $400.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 23rd. Weiss Ratings restated a "hold (c)" rating on shares of Valmont Industries in a research report on Wednesday, October 8th. Finally, Stifel Nicolaus upped their price objective on Valmont Industries from $345.00 to $382.00 and gave the stock a "buy" rating in a research report on Monday, July 21st. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $420.67.

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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