American Century Companies Inc. grew its holdings in Valmont Industries, Inc. (NYSE:VMI - Free Report) by 22.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 67,291 shares of the industrial products company's stock after acquiring an additional 12,285 shares during the period. American Century Companies Inc. owned about 0.34% of Valmont Industries worth $19,203,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also modified their holdings of the company. Beverly Hills Private Wealth LLC grew its stake in shares of Valmont Industries by 3.8% during the first quarter. Beverly Hills Private Wealth LLC now owns 1,169 shares of the industrial products company's stock worth $334,000 after purchasing an additional 43 shares in the last quarter. Vestcor Inc grew its stake in shares of Valmont Industries by 2.0% during the first quarter. Vestcor Inc now owns 2,651 shares of the industrial products company's stock worth $757,000 after purchasing an additional 51 shares in the last quarter. Signaturefd LLC grew its stake in shares of Valmont Industries by 23.9% during the first quarter. Signaturefd LLC now owns 270 shares of the industrial products company's stock worth $77,000 after purchasing an additional 52 shares in the last quarter. TBH Global Asset Management LLC grew its stake in shares of Valmont Industries by 1.5% during 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 purchasing an additional 58 shares in the last quarter. Finally, State of Alaska Department of Revenue grew its stake in shares of Valmont Industries by 2.6% during the first quarter. State of Alaska Department of Revenue now owns 2,347 shares of the industrial products company's stock worth $669,000 after purchasing an additional 60 shares in the last quarter. Institutional investors and hedge funds own 87.84% of the company's stock.
Valmont Industries Price Performance
Shares of VMI opened at $374.9290 on Friday. Valmont Industries, Inc. has a fifty-two week low of $250.07 and a fifty-two week high of $384.08. The company has a market capitalization of $7.40 billion, a price-to-earnings ratio of 34.91 and a beta of 1.12. The firm has a 50-day simple moving average of $348.67 and a 200-day simple moving average of $324.72. 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 (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 the consensus estimate of $4.78 by $0.10. Valmont Industries had a net margin of 5.98% and a return on equity of 22.10%. The business had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter in the prior year, the firm earned $4.91 earnings per share. The business's quarterly revenue was up 1.0% compared to the same quarter last year. Valmont Industries has set its FY 2025 guidance at 17.500-19.500 EPS. On average, equities research analysts anticipate that Valmont Industries, Inc. will post 18.07 earnings per share 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. The ex-dividend date of this dividend is Friday, September 26th. This represents a $2.72 dividend on an annualized basis and a yield of 0.7%. Valmont Industries's dividend payout ratio (DPR) is 25.33%.
Insider Transactions at Valmont Industries
In other Valmont Industries news, CAO Timothy P. Francis sold 2,867 shares of the stock in a transaction dated 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 directly owned 9,746 shares of the company's stock, valued at approximately $3,494,135.92. This trade represents a 22.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 1.50% of the company's stock.
Analysts Set New Price Targets
A number of equities analysts recently commented on the stock. Stifel Nicolaus boosted their target price 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. DA Davidson upped 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, Wall Street Zen downgraded shares of Valmont Industries from a "buy" rating to a "hold" rating in a research note on Sunday, August 3rd. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, Valmont Industries has a consensus rating of "Moderate Buy" and an average price target of $391.00.
View Our Latest Stock Analysis on VMI
Valmont Industries Company Profile
(
Free Report)
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.
Further Reading
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