Nitorum Capital L.P. Grows Stock Position in Valmont Industries, Inc. $VMI

Key Points

• Nitorum Capital L.P. has increased its stake in Valmont Industries, Inc. by 2.0%, bringing its total to 55,576 shares valued at approximately $15.86 million.
• Several institutional investors, including Millennium Management and Gotham Asset Management, have significantly increased their positions in Valmont Industries during the first quarter, indicating strong institutional interest.
• Valmont Industries set a quarterly dividend of $0.68, with a 0.7% yield, and announced a FY 2025 EPS guidance between 17.500 and 19.500.

Nitorum Capital L.P. lifted its holdings in shares of Valmont Industries, Inc. (NYSE:VMI - Free Report) by 2.0% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 55,576 shares of the industrial products company's stock after buying an additional 1,066 shares during the period. Valmont Industries comprises about 2.2% of Nitorum Capital L.P.'s portfolio, making the stock its 24th biggest holding. Nitorum Capital L.P. owned about 0.28% of Valmont Industries worth $15,860,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Beverly Hills Private Wealth LLC raised its stake in shares of Valmont Industries by 3.8% in the first quarter. Beverly Hills Private Wealth LLC now owns 1,169 shares of the industrial products company's stock worth $334,000 after purchasing an additional 43 shares during the last quarter. Smartleaf Asset Management LLC increased its position in shares of Valmont Industries by 87.7% during the first quarter. Smartleaf Asset Management LLC now owns 107 shares of the industrial products company's stock valued at $31,000 after acquiring an additional 50 shares during the last quarter. Vestcor Inc increased its position in shares of Valmont Industries by 2.0% during the first quarter. Vestcor Inc now owns 2,651 shares of the industrial products company's stock valued at $757,000 after acquiring an additional 51 shares during the last quarter. Signaturefd LLC increased its position in shares of Valmont Industries by 23.9% during the first quarter. Signaturefd LLC now owns 270 shares of the industrial products company's stock valued at $77,000 after acquiring an additional 52 shares during the last quarter. Finally, TBH Global Asset Management LLC increased its position in shares of Valmont Industries by 1.5% during the first quarter. TBH Global Asset Management LLC now owns 3,945 shares of the industrial products company's stock valued at $1,126,000 after acquiring an additional 58 shares during the last quarter. Institutional investors and hedge funds own 87.84% of the company's stock.

Insiders Place Their Bets

In other Valmont Industries news, CAO Timothy P. Francis sold 2,867 shares of the firm's stock in a transaction dated 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 sale, the chief accounting officer 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.50% of the stock is owned by insiders.

Valmont Industries Stock Performance

Shares of Valmont Industries stock traded up $6.76 during trading hours on Wednesday, reaching $378.78. The company had a trading volume of 115,680 shares, compared to its average volume of 168,490. The firm has a market cap of $7.48 billion, a PE ratio of 35.27 and a beta of 1.14. Valmont Industries, Inc. has a one year low of $250.07 and a one year high of $384.08. The business has a fifty day simple moving average of $359.92 and a 200 day simple moving average of $327.63. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.15 and a quick ratio of 1.44.

Valmont Industries (NYSE:VMI - Get Free Report) last posted its quarterly earnings data 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. The company had revenue of $1.05 billion during 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 quarterly revenue was up 1.0% on a year-over-year basis. During the same quarter last year, the company earned $4.91 earnings per share. 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 declared 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 dividend on an annualized basis and a yield of 0.7%. Valmont Industries's dividend payout ratio (DPR) is presently 25.33%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. DA Davidson increased their price target on Valmont Industries from $380.00 to $400.00 and gave the company a "neutral" rating in a research report on Wednesday, July 23rd. Stifel Nicolaus increased their price objective on Valmont Industries from $345.00 to $382.00 and gave the company a "buy" rating in a report on Monday, July 21st. Finally, Wall Street Zen lowered Valmont Industries from a "buy" rating to a "hold" rating in a report on Sunday. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $391.00.

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.