Strs Ohio Purchases Shares of 5,169 Valmont Industries, Inc. $VMI

Strs Ohio purchased a new stake in shares of Valmont Industries, Inc. (NYSE:VMI) in the first quarter, according to its most recent disclosure with the SEC. The firm purchased 5,169 shares of the industrial products company’s stock, valued at approximately $1,475,000.

Other large investors have also modified their holdings of the company. WPG Advisers LLC bought a new stake in shares of Valmont Industries during the 1st quarter worth $27,000. Smartleaf Asset Management LLC boosted its stake 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 worth $31,000 after acquiring an additional 50 shares in the last quarter. Geneos Wealth Management Inc. boosted its stake in shares of Valmont Industries by 223.4% during the 1st 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 in the last quarter. GAMMA Investing LLC boosted its stake in shares of 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 in the last quarter. Finally, Signaturefd LLC boosted its stake in shares of 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 in the last quarter. 87.84% of the stock is owned by institutional investors.

Valmont Industries Price Performance

VMI opened at $374.57 on Wednesday. The stock has a fifty day moving average of $363.65 and a 200-day moving average of $328.75. The firm has a market capitalization of $7.39 billion, a P/E ratio of 34.88 and a beta of 1.14. Valmont Industries, Inc. has a 12-month low of $250.07 and a 12-month high of $388.55. The company has a quick ratio of 1.44, a current ratio of 2.15 and a debt-to-equity ratio of 0.48.

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, beating analysts’ consensus estimates 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 analyst estimates of $1.03 billion. During the same quarter in the prior year, the company earned $4.91 earnings per share. The company’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. Equities analysts forecast that Valmont Industries, Inc. will post 18.07 EPS for the current fiscal year.

Valmont Industries Announces Dividend

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 issued a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Friday, September 26th. Valmont Industries’s dividend payout ratio (DPR) is currently 25.33%.

Insider Activity

In related news, CAO Timothy P. Francis sold 2,867 shares of the 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 completion of the sale, the chief accounting officer directly 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Wall Street Zen lowered Valmont Industries from a “buy” rating to a “hold” rating in a research note on Sunday, September 7th. 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 increased their target price on Valmont Industries from $380.00 to $400.00 and gave the company a “neutral” rating in a report on Wednesday, July 23rd. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $391.00.

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.