Baird Financial Group Inc. Has $941,000 Stock Position in Valmont Industries, Inc. $VMI

Baird Financial Group Inc. grew its position in Valmont Industries, Inc. (NYSE:VMI) by 4.1% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 3,298 shares of the industrial products company’s stock after buying an additional 130 shares during the period. Baird Financial Group Inc.’s holdings in Valmont Industries were worth $941,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. WPG Advisers LLC acquired a new stake in shares of Valmont Industries in the 1st quarter valued at $27,000. Smartleaf Asset Management LLC raised its position in shares of Valmont Industries by 87.7% during the 1st quarter. Smartleaf Asset Management LLC now owns 107 shares of the industrial products company’s stock valued at $31,000 after acquiring an additional 50 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of Valmont Industries by 82.3% in the 1st quarter. GAMMA Investing LLC now owns 226 shares of the industrial products company’s stock worth $64,000 after purchasing an additional 102 shares during the last quarter. Signaturefd LLC boosted its position in shares of Valmont Industries by 23.9% in the 1st quarter. Signaturefd LLC now owns 270 shares of the industrial products company’s stock worth $77,000 after purchasing an additional 52 shares during the last quarter. Finally, New Age Alpha Advisors LLC bought a new position in shares of Valmont Industries in the 1st quarter worth $82,000. 87.84% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Wall Street Zen lowered Valmont Industries from a “buy” rating to a “hold” rating in a research report on Sunday. DA Davidson raised 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. Finally, 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. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $391.00.

Valmont Industries Price Performance

VMI stock opened at $372.35 on Wednesday. The stock has a 50-day moving average price of $359.92 and a two-hundred day moving average price of $327.63. The stock has a market cap of $7.35 billion, a PE ratio of 34.67 and a beta of 1.14. The company has a current ratio of 2.15, a quick ratio of 1.44 and a debt-to-equity ratio of 0.48. Valmont Industries, Inc. has a 1 year low of $250.07 and a 1 year high of $384.08.

Valmont Industries (NYSE:VMI) last released its earnings results on Tuesday, July 22nd. The industrial products company reported $4.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.78 by $0.10. The firm had revenue of $1.05 billion during the quarter, compared to analysts’ expectations 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 was up 1.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.91 EPS. Valmont Industries has set its FY 2025 guidance at 17.500-19.500 EPS. Equities analysts forecast that Valmont Industries, Inc. will post 18.07 EPS for the current fiscal year.

Valmont Industries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Friday, September 26th will be paid a $0.68 dividend. 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 is 25.33%.

Insider Buying and Selling

In other news, CAO Timothy P. Francis sold 2,867 shares of the firm’s stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $358.52, for a total transaction of $1,027,876.84. Following the transaction, the chief accounting officer directly owned 9,746 shares of the company’s stock, 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 document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.50% of the company’s stock.

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.