Swiss National Bank Cuts Position in Valmont Industries, Inc. $VMI

Key Points

• Swiss National Bank decreased its stake in Valmont Industries by 2.3%, reducing its holdings to 38,800 shares valued at approximately $11 million.
• Valmont Industries' stock has experienced a slight decline of 0.6% and currently trades at around $374.11, with a market capitalization of $7.38 billion.
• The company recently declared a quarterly dividend of $0.68 per share, with a yield of 0.7%, set to be paid on October 15th.

Swiss National Bank trimmed its position in shares of Valmont Industries, Inc. (NYSE:VMI - Free Report) by 2.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 38,800 shares of the industrial products company's stock after selling 900 shares during the period. Swiss National Bank owned about 0.19% of Valmont Industries worth $11,072,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. CenterBook Partners LP purchased a new position in shares of Valmont Industries during the 1st quarter valued at about $1,976,000. Arjuna Capital purchased a new position in shares of Valmont Industries during the 1st quarter valued at about $1,108,000. Headlands Technologies LLC purchased a new position in shares of Valmont Industries during the 1st quarter valued at about $356,000. Ontario Teachers Pension Plan Board raised its holdings in shares of Valmont Industries by 130.5% during the 1st quarter. Ontario Teachers Pension Plan Board now owns 5,058 shares of the industrial products company's stock valued at $1,443,000 after buying an additional 2,864 shares in the last quarter. Finally, Chicago Partners Investment Group LLC purchased a new position in shares of Valmont Industries during the 1st quarter valued at about $223,000. 87.84% of the stock is owned by hedge funds and other institutional investors.

Valmont Industries Stock Down 0.1%

Shares of NYSE VMI traded down $0.3430 during mid-day trading on Thursday, hitting $363.8570. 202,452 shares of the stock traded hands, compared to its average volume of 181,898. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.44 and a current ratio of 2.15. Valmont Industries, Inc. has a 52 week low of $250.07 and a 52 week high of $384.08. The company has a market cap of $7.18 billion, a price-to-earnings ratio of 33.88 and a beta of 1.12. The stock has a fifty day moving average price of $347.61 and a 200-day moving average price of $324.42.

Valmont Industries (NYSE:VMI - Get Free Report) last released its quarterly earnings results on Tuesday, July 22nd. The industrial products company reported $4.88 earnings per share for the quarter, beating the consensus estimate of $4.78 by $0.10. Valmont Industries had a return on equity of 22.10% and a net margin of 5.98%.The company had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same period in the previous year, the company posted $4.91 earnings per share. The firm's revenue was up 1.0% on a year-over-year basis. Valmont Industries has set its FY 2025 guidance at 17.500-19.500 EPS. Research analysts anticipate that Valmont Industries, Inc. will post 18.07 EPS for the current year.

Valmont Industries Dividend Announcement

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

Wall Street Analysts Forecast Growth

VMI has been the topic of a number of research reports. Stifel Nicolaus raised their price objective on Valmont Industries from $345.00 to $382.00 and gave the company a "buy" rating in a report on Monday, July 21st. Wall Street Zen cut Valmont Industries from a "buy" rating to a "hold" rating in a research note on Sunday, August 3rd. DA Davidson lifted their price target on Valmont Industries from $380.00 to $400.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 23rd. Finally, William Blair raised Valmont Industries from a "market perform" rating to an "outperform" rating in a research note on Wednesday, April 23rd. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat, Valmont Industries has a consensus rating of "Moderate Buy" and an average target price of $391.00.

Insider Buying and Selling at Valmont Industries

In other news, CAO Timothy P. Francis sold 2,867 shares of the business's stock in a transaction on 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 completion of the transaction, the chief accounting officer owned 9,746 shares in the company, 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 document filed with the Securities & Exchange Commission, which is available through this link. 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.