Vident Advisory LLC Makes New $2.19 Million Investment in Valmont Industries, Inc. $VMI

Key Points

• Vident Advisory LLC has invested approximately $2.19 million in Valmont Industries, purchasing 7,661 shares during the first quarter, marking a notable investment move.
• Valmont Industries reported a quarterly earnings per share (EPS) of $4.88, beating estimates and showing a 1.0% year-over-year revenue increase.
• The company recently announced a $0.68 quarterly dividend, with a record date of September 26th, reflecting a 0.7% dividend yield for stockholders.

Vident Advisory LLC purchased a new position in shares of Valmont Industries, Inc. (NYSE:VMI - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 7,661 shares of the industrial products company's stock, valued at approximately $2,186,000.

Other hedge funds have also added to or reduced their stakes in the company. WPG Advisers LLC bought a new position in Valmont Industries during the 1st quarter worth $27,000. Smartleaf Asset Management LLC increased its stake in Valmont Industries by 87.7% during 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 during the period. GAMMA Investing LLC increased its stake in Valmont Industries by 82.3% during the 1st quarter. GAMMA Investing LLC now owns 226 shares of the industrial products company's stock worth $64,000 after acquiring an additional 102 shares during the period. Signaturefd LLC increased its stake in Valmont Industries by 23.9% during 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 during the period. Finally, New Age Alpha Advisors LLC bought a new position in Valmont Industries during the 1st quarter worth $82,000. 87.84% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

VMI has been the topic of a number of recent research reports. Wall Street Zen upgraded Valmont Industries from a "hold" rating to a "buy" rating in a research note on Saturday, August 30th. Stifel Nicolaus raised their price objective on Valmont Industries from $345.00 to $382.00 and gave the stock a "buy" rating in a research note on Monday, July 21st. Finally, DA Davidson raised their price objective on Valmont Industries from $380.00 to $400.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 23rd. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, Valmont Industries presently has an average rating of "Moderate Buy" and a consensus target price of $391.00.

Insiders Place Their Bets

In related news, CAO Timothy P. Francis sold 2,867 shares of the business's stock in a transaction 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 sale, the chief accounting officer owned 9,746 shares in the company, valued at $3,494,135.92. The trade was a 22.73% decrease in their position. 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 corporate insiders.

Valmont Industries Price Performance

Shares of VMI traded down $0.22 during midday trading on Friday, hitting $377.27. The company's stock had a trading volume of 221,789 shares, compared to its average volume of 216,067. Valmont Industries, Inc. has a one year low of $250.07 and a one year high of $384.08. The company's fifty day simple moving average is $358.12 and its two-hundred day simple moving average is $327.63. The company has a quick ratio of 1.44, a current ratio of 2.15 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $7.45 billion, a price-to-earnings ratio of 35.13 and a beta of 1.14.

Valmont Industries (NYSE:VMI - Get Free Report) last issued its quarterly 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. The company had revenue of $1.05 billion for 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 company's revenue for the quarter was up 1.0% compared to the same quarter last year. During the same quarter last year, the company posted $4.91 EPS. Valmont Industries has set its FY 2025 guidance at 17.500-19.500 EPS. As a group, equities analysts expect that Valmont Industries, Inc. will post 18.07 earnings per share for the current fiscal year.

Valmont Industries Dividend Announcement

The company 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 payout ratio is currently 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.