Valmont Industries, Inc. $VMI Stock: Inspire Investing LLC Trims Holdings

Key Points

• Inspire Investing LLC cut its Valmont Industries stake by 51.4% in the third quarter, selling 4,518 shares and retaining 4,275 shares valued at approximately $1.98 million.
• Institutional ownership remains high at 87.84%, with major investors including BlackRock and Bank of America acquiring new positions while other funds increased their holdings.
• Analysts maintain a “Moderate Buy” consensus with a $587 price target. Valmont also exceeded quarterly EPS expectations, reporting $6.24 versus the $5.70 consensus, while revenue rose 5.5% year over year.

Inspire Investing LLC reduced its position in Valmont Industries, Inc. (NYSE:VMI - Free Report) by 51.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,275 shares of the industrial products company's stock after selling 4,518 shares during the quarter. Inspire Investing LLC's holdings in Valmont Industries were worth $1,979,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in VMI. BlackRock Inc. bought a new stake in shares of Valmont Industries during the 2nd quarter worth approximately $1,141,369,000. Bank of America Corp DE bought a new position in Valmont Industries in the second quarter valued at approximately $175,408,000. Ninety One UK Ltd increased its stake in Valmont Industries by 4.6% in the third quarter. Ninety One UK Ltd now owns 198,650 shares of the industrial products company's stock valued at $91,971,000 after acquiring an additional 8,651 shares during the last quarter. Quantinno Capital Management LP increased its stake in Valmont Industries by 35.7% in the first quarter. Quantinno Capital Management LP now owns 160,180 shares of the industrial products company's stock valued at $64,003,000 after acquiring an additional 42,126 shares during the last quarter. Finally, Bank of New York Mellon Corp acquired a new position in Valmont Industries during the second quarter valued at approximately $83,723,000. 87.84% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have commented on VMI. Weiss Ratings upgraded shares of Valmont Industries from a "buy (b-)" rating to a "buy (b)" rating in a research report on Thursday, October 8th. JPMorgan Chase & Co. raised their target price on Valmont Industries from $600.00 to $620.00 and gave the company an "overweight" rating in a report on Wednesday, July 22nd. Wall Street Zen upgraded Valmont Industries from a "hold" rating to a "buy" rating in a research note on Saturday. Zacks Research lowered Valmont Industries from a "strong-buy" rating to a "hold" rating in a research note on Monday, July 20th. Finally, Stifel Nicolaus boosted their price target on Valmont Industries from $645.00 to $678.00 and gave the stock a "buy" rating in a report on Monday, July 20th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Valmont Industries has an average rating of "Moderate Buy" and a consensus price target of $587.00.

Valmont Industries Stock Up 0.1%

VMI stock opened at $435.44 on Monday. The firm has a 50-day moving average price of $471.02 and a 200-day moving average price of $496.65. Valmont Industries, Inc. has a 12 month low of $378.02 and a 12 month high of $585.71. The company has a current ratio of 2.41, a quick ratio of 1.56 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $8.41 billion, a P/E ratio of 16.16, a price-to-earnings-growth ratio of 0.98 and a beta of 1.34.

Valmont Industries (NYSE:VMI - Get Free Report) last announced its quarterly earnings results on Tuesday, October 20th. The industrial products company reported $6.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.70 by $0.54. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.12 billion. Valmont Industries had a net margin of 12.05% and a return on equity of 26.25%. The firm's revenue was up 5.5% on a year-over-year basis. During the same period in the previous year, the firm posted $4.98 EPS. As a group, equities research analysts anticipate that Valmont Industries, Inc. will post 23.27 EPS for the current fiscal year.

Valmont Industries Profile

Valmont Industries, Inc is a global manufacturer of engineered products and services serving the infrastructure and agricultural markets. Founded in 1946 and headquartered in Omaha, Nebraska, the company operates through businesses focused on infrastructure, coatings, and water management.

Its infrastructure products include utility and transmission structures, lighting and traffic poles, highway and transportation structures, and related support systems. Valmont also provides hot-dip galvanizing and other protective coatings designed to extend the service life of steel products used in industrial, infrastructure, and commercial applications.

In agriculture, the company manufactures mechanized irrigation equipment, including center-pivot and linear irrigation systems, as well as agricultural products and services intended to support water conservation and crop production.

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