Bayforest Capital Ltd Has $552,000 Holdings in 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 raised its stake 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 and Exchange Commission. The institutional investor 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 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Beverly Hills Private Wealth LLC boosted its holdings in 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 valued at $334,000 after purchasing an additional 43 shares in the last quarter. Smartleaf Asset Management LLC boosted its holdings in shares of Valmont Industries by 87.7% in the 1st quarter. Smartleaf Asset Management LLC now owns 107 shares of the industrial products company's stock worth $31,000 after acquiring an additional 50 shares in the last quarter. Vestcor Inc boosted its holdings in shares of Valmont Industries by 2.0% in the 1st quarter. Vestcor Inc now owns 2,651 shares of the industrial products company's stock worth $757,000 after acquiring an additional 51 shares in the last quarter. Signaturefd LLC boosted its holdings 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 acquiring an additional 52 shares in the last quarter. Finally, TBH Global Asset Management LLC boosted its holdings in shares of Valmont Industries by 1.5% in the 1st quarter. TBH Global Asset Management LLC now owns 3,945 shares of the industrial products company's stock worth $1,126,000 after acquiring an additional 58 shares in the last quarter. 87.84% of the stock is owned by institutional investors and hedge funds.

Valmont Industries Stock Performance

NYSE:VMI traded up $2.83 during mid-day trading on Monday, hitting $376.45. The stock had a trading volume of 78,255 shares, compared to its average volume of 168,891. Valmont Industries, Inc. has a twelve month low of $250.07 and a twelve month high of $388.55. The stock has a market cap of $7.43 billion, a price-to-earnings ratio of 35.05 and a beta of 1.14. The company's 50 day simple moving average is $362.21 and its 200 day simple moving average is $328.22. 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 issued its earnings results on Tuesday, July 22nd. The industrial products company reported $4.88 earnings per share (EPS) 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 business had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.03 billion. During the same period last year, the business posted $4.91 EPS. Valmont Industries's 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, equities research analysts forecast that Valmont Industries, Inc. will post 18.07 earnings per share for the current year.

Valmont Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Friday, September 26th will be given 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 (DPR) is 25.33%.

Analysts Set New Price Targets

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

Insider Transactions at Valmont Industries

In other Valmont Industries 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 directly owned 9,746 shares in the company, valued at $3,494,135.92. This trade represents a 22.73% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.50% of the stock is owned by company insiders.

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.