Wellington Management Group LLP Sells 111,844 Shares of Valmont Industries, Inc. $VMI

Key Points

• Wellington Management Group LLP reduced its stake in Valmont Industries, Inc. by 70.7% during the first quarter, now holding only 46,240 shares valued at approximately $13.2 million.
• In contrast, Allianz Asset Management increased its position by 118%, owning 274,769 shares worth around $78.4 million, and GAMMA Investing LLC boosted its holdings significantly by over 51,911%.
• Valmont Industries announced a quarterly dividend of $0.68 per share, with the ex-dividend date set for September 26th, representing an annualized yield of 0.7%.

Wellington Management Group LLP lowered its stake in Valmont Industries, Inc. (NYSE:VMI - Free Report) by 70.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 46,240 shares of the industrial products company's stock after selling 111,844 shares during the period. Wellington Management Group LLP owned 0.23% of Valmont Industries worth $13,196,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in VMI. Mariner LLC boosted its holdings in Valmont Industries by 7.4% in the fourth quarter. Mariner LLC now owns 1,210 shares of the industrial products company's stock valued at $371,000 after acquiring an additional 83 shares in the last quarter. Marshall Wace LLP purchased a new position in Valmont Industries during the fourth quarter valued at $357,000. Hsbc Holdings PLC lifted its position in Valmont Industries by 535.9% during the fourth quarter. Hsbc Holdings PLC now owns 5,062 shares of the industrial products company's stock valued at $1,545,000 after buying an additional 4,266 shares during the period. Voya Investment Management LLC lifted its position in Valmont Industries by 9.7% during the fourth quarter. Voya Investment Management LLC now owns 2,841 shares of the industrial products company's stock valued at $871,000 after buying an additional 252 shares during the period. Finally, Quarry LP lifted its position in Valmont Industries by 395.1% during the fourth quarter. Quarry LP now owns 203 shares of the industrial products company's stock valued at $62,000 after buying an additional 162 shares during the period. Institutional investors own 87.84% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. DA Davidson lifted their price target on Valmont Industries from $380.00 to $400.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 23rd. Stifel Nicolaus lifted their price target on Valmont Industries from $345.00 to $382.00 and gave the stock a "buy" rating in a research report on Monday, July 21st. Finally, Wall Street Zen raised Valmont Industries from a "hold" rating to a "buy" rating in a research report on Saturday. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $391.00.

Insider Activity

In other Valmont Industries news, CAO Timothy P. Francis sold 2,867 shares of the business'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 completion of the sale, the chief accounting officer directly owned 9,746 shares in the company, valued at $3,494,135.92. The trade was a 22.73% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.50% of the stock is currently owned by corporate insiders.

Valmont Industries Stock Performance

NYSE VMI traded down $6.71 during trading hours on Monday, hitting $367.47. The company's stock had a trading volume of 247,320 shares, compared to its average volume of 199,880. Valmont Industries, Inc. has a 12 month low of $250.07 and a 12 month high of $384.08. The company's 50 day simple moving average is $353.82 and its two-hundred day simple moving average is $326.35. The company has a market cap of $7.25 billion, a P/E ratio of 34.21 and a beta of 1.14. 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 quarterly earnings data on Tuesday, July 22nd. The industrial products company reported $4.88 EPS for the quarter, topping the consensus estimate of $4.78 by $0.10. Valmont Industries had a return on equity of 22.10% and a net margin of 5.98%.The company had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.03 billion. During the same period last year, the company earned $4.91 EPS. Valmont Industries's revenue for the quarter was up 1.0% on a year-over-year basis. Valmont Industries has set its FY 2025 guidance at 17.500-19.500 EPS. As a group, sell-side analysts expect that Valmont Industries, Inc. will post 18.07 EPS 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 paid a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Friday, September 26th. 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.