Vaughan Nelson Investment Management L.P. Increases Holdings in Valmont Industries, Inc. $VMI

Key Points

• Vaughan Nelson Investment Management L.P. increased its stake in Valmont Industries by 42.9%, owning approximately 0.94% of the company after acquiring 56,380 additional shares.
• Analysts are optimistic about Valmont Industries, with three analysts rating it as a "Buy" and target prices ranging from $400 to $480.
• The company announced a quarterly dividend of $0.68 per share, reflecting an annualized yield of 0.7% and a dividend payout ratio of 25.33%.

Vaughan Nelson Investment Management L.P. lifted its position in Valmont Industries, Inc. (NYSE:VMI - Free Report) by 42.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 187,765 shares of the industrial products company's stock after purchasing an additional 56,380 shares during the quarter. Vaughan Nelson Investment Management L.P. owned about 0.94% of Valmont Industries worth $61,318,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. WPG Advisers LLC purchased a new position in shares of Valmont Industries in the first quarter worth about $27,000. Smartleaf Asset Management LLC grew its holdings in Valmont Industries by 87.7% during the first 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 during the period. Geneos Wealth Management Inc. grew its holdings in Valmont Industries by 223.4% during the first quarter. Geneos Wealth Management Inc. now owns 152 shares of the industrial products company's stock worth $43,000 after acquiring an additional 105 shares during the period. Ameritas Advisory Services LLC acquired a new stake in Valmont Industries during the second quarter worth about $46,000. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new stake in Valmont Industries during the second quarter worth about $47,000. 87.84% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CAO Timothy P. Francis sold 2,867 shares of Valmont Industries stock in a transaction that occurred on 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 transaction, the chief accounting officer owned 9,746 shares in the company, valued at approximately $3,494,135.92. This trade represents a 22.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 1.50% of the company's stock.

Analyst Ratings Changes

Several analysts recently commented on the company. JPMorgan Chase & Co. assumed coverage on Valmont Industries in a report on Friday, September 26th. They set an "overweight" rating and a $480.00 target price on the stock. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Valmont Industries in a report on Saturday, September 27th. DA Davidson raised their target price on Valmont Industries from $380.00 to $400.00 and gave the stock a "neutral" rating in a report on Wednesday, July 23rd. Wall Street Zen raised Valmont Industries from a "hold" rating to a "buy" rating in a report on Friday. Finally, Stifel Nicolaus raised their target price on Valmont Industries from $345.00 to $382.00 and gave the stock a "buy" rating in a report on Monday, July 21st. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Valmont Industries has an average rating of "Moderate Buy" and an average target price of $420.67.

Valmont Industries Stock Performance

NYSE VMI opened at $394.46 on Friday. The company has a market cap of $7.79 billion, a PE ratio of 36.73 and a beta of 1.15. The stock's 50 day simple moving average is $373.69 and its 200-day simple moving average is $333.49. Valmont Industries, Inc. has a 1-year low of $250.07 and a 1-year high of $397.30. 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 released its earnings results on Tuesday, July 22nd. The industrial products company reported $4.88 earnings per share for the quarter, beating the consensus estimate of $4.78 by $0.10. The business had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.03 billion. Valmont Industries had a return on equity of 22.10% and a net margin of 5.98%.The business's quarterly revenue was up 1.0% compared to the same quarter last year. During the same quarter last year, the business posted $4.91 earnings per share. Valmont Industries has set its FY 2025 guidance at 17.500-19.500 EPS. As a group, equities research analysts anticipate that Valmont Industries, Inc. will post 18.07 EPS for the current fiscal year.

Valmont Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Investors 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%.

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.

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