Russell Investments Group Ltd. Grows Stock Holdings in Valmont Industries, Inc. $VMI

Key Points

• Russell Investments Group Ltd. increased its holdings in Valmont Industries by 8.4%, now owning approximately 0.07% of the company valued at $4.01 million as of the latest reporting period.
• Insider Timothy P. Francis sold 2,867 shares at an average price of $358.52, which decreased his stake by 22.73%, leaving him with shares valued at approximately $3.49 million.
• Valmont Industries reported earnings per share (EPS) of $4.88 for the recent quarter, exceeding expectations and reflecting a 1.0% year-over-year revenue growth.

Russell Investments Group Ltd. grew its holdings in shares of Valmont Industries, Inc. (NYSE:VMI - Free Report) by 8.4% in the 1st quarter, according to its most recent disclosure 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 period. Russell Investments Group Ltd. owned approximately 0.07% of Valmont Industries worth $4,015,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Quarry LP grew its stake in shares of Valmont Industries by 395.1% in the 4th quarter. Quarry LP now owns 203 shares of the industrial products company's stock worth $62,000 after buying an additional 162 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Valmont Industries by 82.3% in the 1st quarter. GAMMA Investing LLC now owns 226 shares of the industrial products company's stock worth $64,000 after buying an additional 102 shares during the last quarter. Signaturefd LLC grew its stake in shares of Valmont Industries by 23.9% in the 1st quarter. Signaturefd LLC now owns 270 shares of the industrial products company's stock worth $77,000 after buying an additional 52 shares during the last quarter. New Age Alpha Advisors LLC purchased a new stake in shares of Valmont Industries in the 1st quarter worth approximately $82,000. Finally, Meeder Asset Management Inc. purchased a new stake in shares of Valmont Industries in the 1st quarter worth approximately $90,000. Hedge funds and other institutional investors own 87.84% of the company's stock.

Valmont Industries Stock Down 0.2%

Valmont Industries stock traded down $0.64 during trading hours on Thursday, hitting $373.69. The stock had a trading volume of 170,092 shares, compared to its average volume of 196,552. The company has a quick ratio of 1.44, a current ratio of 2.15 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $7.38 billion, a P/E ratio of 34.79 and a beta of 1.12. Valmont Industries, Inc. has a 12-month low of $250.07 and a 12-month high of $384.08. The stock's 50-day moving average price is $352.84 and its 200-day moving average price is $326.01.

Valmont Industries (NYSE:VMI - Get Free Report) last released its quarterly earnings data 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 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 analysts' expectations of $1.03 billion. During the same period in the previous year, the company earned $4.91 earnings per share. The firm's quarterly 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. Equities research analysts anticipate that Valmont Industries, Inc. will post 18.07 EPS for the current fiscal year.

Valmont Industries Announces Dividend

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 issued a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Friday, September 26th. Valmont Industries's payout ratio is presently 25.33%.

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 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 transaction, the chief accounting officer directly owned 9,746 shares of the company's stock, 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 at the SEC website. 1.50% of the stock is owned by insiders.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Stifel Nicolaus upped their price target on 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 lifted their target price on shares of Valmont Industries from $380.00 to $400.00 and gave the stock a "neutral" rating in a report on Wednesday, July 23rd. Finally, Wall Street Zen cut shares of Valmont Industries from a "buy" rating to a "hold" rating in a report on Sunday, August 3rd. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, Valmont Industries presently has an average rating of "Moderate Buy" and a consensus target price of $391.00.

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.