Valmont Industries, Inc. $VMI Shares Bought by Ritholtz Wealth Management

Key Points

• Ritholtz Wealth Management increased its stake in Valmont Industries by 92.8% in Q2, owning 3,843 shares valued at $1.255 million as per the latest SEC filing.
• Valmont Industries has reported a quarterly EPS of $4.88, beating estimates, with a revenue rise of 1% year-over-year to $1.05 billion.
• The company announced a quarterly dividend of $0.68 with a yield of 0.7%, and analysts have set an average target price of $420.67.

Ritholtz Wealth Management grew its stake in shares of Valmont Industries, Inc. (NYSE:VMI - Free Report) by 92.8% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,843 shares of the industrial products company's stock after purchasing an additional 1,850 shares during the quarter. Ritholtz Wealth Management's holdings in Valmont Industries were worth $1,255,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in VMI. GAMMA Investing LLC raised its holdings in Valmont Industries by 82.3% during the first quarter. GAMMA Investing LLC now owns 226 shares of the industrial products company's stock worth $64,000 after purchasing an additional 102 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in Valmont Industries by 18.0% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 2,579 shares of the industrial products company's stock worth $736,000 after purchasing an additional 393 shares in the last quarter. Janney Montgomery Scott LLC raised its holdings in Valmont Industries by 16.1% during the first quarter. Janney Montgomery Scott LLC now owns 1,490 shares of the industrial products company's stock worth $425,000 after purchasing an additional 207 shares in the last quarter. State of Alaska Department of Revenue raised its holdings in Valmont Industries by 2.6% during the first quarter. State of Alaska Department of Revenue now owns 2,347 shares of the industrial products company's stock worth $669,000 after purchasing an additional 60 shares in the last quarter. Finally, Blue Trust Inc. raised its holdings in Valmont Industries by 23.2% during the first quarter. Blue Trust Inc. now owns 1,326 shares of the industrial products company's stock worth $378,000 after purchasing an additional 250 shares in the last quarter. Institutional investors and hedge funds own 87.84% of the company's stock.

Insiders Place Their Bets

In related news, CAO Timothy P. Francis sold 2,867 shares of Valmont Industries stock in a transaction on Friday, August 1st. The shares were sold at an average price of $358.52, for a total value of $1,027,876.84. Following the transaction, 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 position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 1.50% of the stock is currently owned by company insiders.

Valmont Industries Stock Performance

NYSE:VMI opened at $404.70 on Friday. The firm's fifty day moving average price is $381.18 and its 200 day moving average price is $340.47. Valmont Industries, Inc. has a 1-year low of $250.07 and a 1-year high of $414.53. 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 firm has a market cap of $7.99 billion, a price-to-earnings ratio of 37.68 and a beta of 1.15.

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 for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $1.03 billion. During the same period last year, the firm posted $4.91 EPS. Valmont Industries'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, sell-side analysts expect that Valmont Industries, Inc. will post 18.07 EPS for the current year.

Valmont Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Friday, September 26th were given a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Friday, September 26th. Valmont Industries's dividend payout ratio (DPR) is 25.33%.

Analyst Ratings Changes

A number of analysts have weighed in on VMI shares. Stifel Nicolaus raised their price objective on shares of Valmont Industries from $345.00 to $382.00 and gave the stock a "buy" rating in a report on Monday, July 21st. DA Davidson raised their target price 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. Weiss Ratings restated a "hold (c)" rating on shares of Valmont Industries in a research report on Wednesday, October 8th. JPMorgan Chase & Co. started coverage on shares of Valmont Industries in a research report on Friday, September 26th. They set an "overweight" rating and a $480.00 target price on the stock. Finally, Wall Street Zen lowered shares of Valmont Industries from a "buy" rating to a "hold" rating in a research report on Saturday, October 11th. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $420.67.

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.

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