Bayforest Capital Ltd Acquires 1,070 Shares of Valmont Industries, Inc. $VMI

Key Points

• Bayforest Capital Ltd increased its stake in Valmont Industries by 123.6%, owning 1,936 shares valued at $552,000 after acquiring an additional 1,070 shares in Q1.
• Analysts have mixed ratings for Valmont Industries, with a recent target price increase from DA Davidson to $400.00 and an average rating of "Moderate Buy".
• Valmont Industries declared a $0.68 quarterly dividend, signaling a strong financial position with a payout ratio of 25.33%.

Bayforest Capital Ltd lifted its position in shares of Valmont Industries, Inc. (NYSE:VMI - Free Report) by 123.6% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,936 shares of the industrial products company's stock after purchasing an additional 1,070 shares during the quarter. Bayforest Capital Ltd's holdings in Valmont Industries were worth $552,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of VMI. Price T Rowe Associates Inc. MD raised its position in Valmont Industries by 759.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 172,967 shares of the industrial products company's stock valued at $49,361,000 after buying an additional 152,832 shares during the last quarter. Allianz Asset Management GmbH raised its holdings in shares of Valmont Industries by 118.0% in the first quarter. Allianz Asset Management GmbH now owns 274,769 shares of the industrial products company's stock valued at $78,411,000 after purchasing an additional 148,740 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of 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 purchasing an additional 64,370 shares in the last quarter. Nuveen LLC purchased a new position in Valmont Industries during the first quarter worth about $16,519,000. Finally, Millennium Management LLC boosted its holdings in Valmont Industries by 225.1% during the first quarter. Millennium Management LLC now owns 67,630 shares of the industrial products company's stock worth $19,300,000 after purchasing an additional 46,825 shares during the last quarter. Institutional investors own 87.84% of the company's stock.

Insiders Place Their Bets

In related news, CAO Timothy P. Francis sold 2,867 shares of the company'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 sale, the chief accounting officer owned 9,746 shares of the company's stock, valued at approximately $3,494,135.92. This represents a 22.73% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.50% of the company's stock.

Valmont Industries Stock Performance

Shares of Valmont Industries stock traded down $12.94 during trading hours on Friday, reaching $373.76. The company had a trading volume of 193,350 shares, compared to its average volume of 215,649. The firm has a market cap of $7.38 billion, a PE ratio of 34.80 and a beta of 1.14. Valmont Industries, Inc. has a one year low of $250.07 and a one year high of $388.55. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.15 and a quick ratio of 1.44. The business has a fifty day simple moving average of $362.21 and a 200 day simple moving average of $328.46.

Valmont Industries (NYSE:VMI - Get Free Report) last issued its quarterly earnings data on Tuesday, July 22nd. The industrial products company reported $4.88 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.78 by $0.10. Valmont Industries had a return on equity of 22.10% and a net margin of 5.98%.The business had revenue of $1.05 billion for the quarter, compared to analysts' expectations of $1.03 billion. During the same quarter in the prior year, the firm posted $4.91 EPS. 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. On average, analysts anticipate that Valmont Industries, Inc. will post 18.07 earnings per share 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. Investors of record on Friday, September 26th will be paid 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 yield of 0.7%. Valmont Industries's payout ratio is currently 25.33%.

Analysts Set New Price Targets

VMI has been the topic of several research reports. DA Davidson lifted their price objective on shares of Valmont Industries from $380.00 to $400.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 23rd. Stifel Nicolaus boosted their target price on Valmont Industries from $345.00 to $382.00 and gave the company a "buy" rating in a research note on Monday, July 21st. Finally, Wall Street Zen downgraded Valmont Industries from a "buy" rating to a "hold" rating in a research note on Sunday, September 7th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Valmont Industries currently has an average rating of "Moderate Buy" and an average price target of $391.00.

Valmont Industries 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.