American Century Companies Inc. Acquires 12,285 Shares of Valmont Industries, Inc. $VMI

Key Points

• American Century Companies Inc. increased its stake in Valmont Industries by 22.3% in Q1, acquiring an additional 12,285 shares, bringing its total holdings to 67,291 shares worth approximately $19.2 million.
• Valmont Industries reported earnings per share of $4.88 for the last quarter, surpassing analyst estimates, and also announced a quarterly dividend of $0.68.
• Valmont's current market capitalization is $7.40 billion, with a fifty-two week price range from $250.07 to $384.08.

American Century Companies Inc. grew its stake in shares of 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 fund owned 67,291 shares of the industrial products company's stock after purchasing 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 SEC filing.

Several other hedge funds have also modified their holdings of the stock. Allianz Asset Management GmbH lifted its stake in Valmont Industries by 118.0% in the 1st quarter. Allianz Asset Management GmbH now owns 274,769 shares of the industrial products company's stock worth $78,411,000 after acquiring an additional 148,740 shares in the last quarter. GAMMA Investing LLC lifted its stake in Valmont Industries by 51,911.3% in the 1st quarter. GAMMA Investing LLC now owns 64,494 shares of the industrial products company's stock worth $18,405,000 after acquiring an additional 64,370 shares in the last quarter. Nuveen LLC purchased a new stake in Valmont Industries in the 1st quarter worth about $16,519,000. Driehaus Capital Management LLC purchased a new stake in Valmont Industries in the 4th quarter worth about $14,180,000. Finally, Northern Trust Corp lifted its stake in Valmont Industries by 20.8% in the 4th quarter. Northern Trust Corp now owns 201,559 shares of the industrial products company's stock worth $61,812,000 after acquiring an additional 34,666 shares in the last quarter. 87.84% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related 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 completion of the sale, the chief accounting officer owned 9,746 shares in the company, valued at $3,494,135.92. This represents a 22.73% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.50% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. DA Davidson increased their price objective on Valmont Industries from $380.00 to $400.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 23rd. Wall Street Zen downgraded Valmont Industries from a "buy" rating to a "hold" rating in a research note on Sunday, August 3rd. Finally, Stifel Nicolaus upped their target price on Valmont Industries from $345.00 to $382.00 and gave the stock a "buy" rating in a research report 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 data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $391.00.

Valmont Industries Stock Down 1.8%

Shares of NYSE VMI traded down $6.71 during mid-day trading on Friday, reaching $367.47. 247,320 shares of the company traded hands, compared to its average volume of 196,550. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.44 and a current ratio of 2.15. The stock has a market cap of $7.25 billion, a PE ratio of 34.21 and a beta of 1.12. The company's fifty day moving average is $353.82 and its two-hundred day moving average is $326.30. Valmont Industries, Inc. has a fifty-two week low of $250.07 and a fifty-two week high of $384.08.

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

Valmont Industries Announces Dividend

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

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.