Russell Investments Group Ltd. increased its stake in Valmont Industries, Inc. (NYSE:VMI - Free Report) by 8.4% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 14,070 shares of the industrial products company's stock after purchasing an additional 1,092 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.07% of Valmont Industries worth $4,015,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in the stock. Allianz Asset Management GmbH boosted 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. GAMMA Investing LLC boosted its holdings in Valmont Industries by 51,911.3% during the first quarter. GAMMA Investing LLC now owns 64,494 shares of the industrial products company's stock valued at $18,405,000 after acquiring an additional 64,370 shares during the period. Nuveen LLC bought a new stake in Valmont Industries during the first quarter valued at about $16,519,000. Driehaus Capital Management LLC bought a new stake in Valmont Industries during the fourth quarter valued at about $14,180,000. Finally, Northern Trust Corp boosted its holdings in Valmont Industries by 20.8% during the fourth quarter. Northern Trust Corp now owns 201,559 shares of the industrial products company's stock valued at $61,812,000 after acquiring an additional 34,666 shares during the period. Institutional investors own 87.84% of the company's stock.
Analyst Ratings Changes
A number of equities research analysts have issued reports on the stock. Stifel Nicolaus upped their price target on shares of 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 shares of Valmont Industries from a "buy" rating to a "hold" rating in a report on Sunday, August 3rd. Finally, DA Davidson upped their price target on shares of Valmont Industries from $380.00 to $400.00 and gave the company a "neutral" rating in a report on Wednesday, July 23rd. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, Valmont Industries presently has a consensus rating of "Moderate Buy" and a consensus target price of $391.00.
Get Our Latest Stock Analysis on Valmont Industries
Valmont Industries Price Performance
NYSE:VMI traded down $1.18 during mid-day trading on Monday, hitting $374.17. The company's stock had a trading volume of 170,360 shares, compared to its average volume of 184,427. 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 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 $7.39 billion, a price-to-earnings ratio of 34.84 and a beta of 1.12. The stock has a fifty day moving average of $349.63 and a 200-day moving average of $325.00.
Valmont Industries (NYSE:VMI - Get Free Report) last posted its quarterly earnings results on Tuesday, July 22nd. The industrial products company reported $4.88 earnings per share (EPS) 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 firm had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.03 billion. During the same quarter in the prior year, the business posted $4.91 earnings per share. The company'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. As a group, equities analysts forecast that Valmont Industries, Inc. will post 18.07 EPS for the current fiscal year.
Valmont Industries Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Friday, September 26th will be issued a dividend of $0.68 per share. The ex-dividend date of this dividend is Friday, September 26th. This represents a $2.72 annualized dividend and a dividend yield of 0.7%. Valmont Industries's dividend payout ratio (DPR) is presently 25.33%.
Insider Buying and Selling at Valmont Industries
In other news, CAO Timothy P. Francis sold 2,867 shares of the firm's stock in a transaction that occurred on Friday, August 1st. The shares were 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 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 transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 1.50% of the company's stock.
Valmont Industries Profile
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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.
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