CX Institutional Cuts Stake in Valmont Industries, Inc. $VMI

CX Institutional lessened its holdings in shares of Valmont Industries, Inc. (NYSE:VMI) by 21.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,393 shares of the industrial products company’s stock after selling 661 shares during the period. CX Institutional’s holdings in Valmont Industries were worth $781,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the stock. Beverly Hills Private Wealth LLC lifted its holdings in Valmont Industries by 3.8% during the 1st quarter. Beverly Hills Private Wealth LLC now owns 1,169 shares of the industrial products company’s stock worth $334,000 after buying an additional 43 shares in the last quarter. Smartleaf Asset Management LLC lifted its stake in shares of Valmont Industries by 87.7% in the first quarter. Smartleaf Asset Management LLC now owns 107 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 50 shares during the period. Vestcor Inc raised its position in Valmont Industries by 2.0% during the first quarter. Vestcor Inc now owns 2,651 shares of the industrial products company’s stock worth $757,000 after acquiring an additional 51 shares during the last quarter. Signaturefd LLC grew its holdings in shares of Valmont Industries by 23.9% during the first quarter. Signaturefd LLC now owns 270 shares of the industrial products company’s stock worth $77,000 after buying an additional 52 shares in the last quarter. Finally, TBH Global Asset Management LLC grew its holdings in Valmont Industries by 1.5% in the first quarter. TBH Global Asset Management LLC now owns 3,945 shares of the industrial products company’s stock valued at $1,126,000 after purchasing an additional 58 shares during the period. 87.84% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. JPMorgan Chase & Co. began coverage on shares of Valmont Industries in a research note on Friday. They set an “overweight” rating and a $480.00 price objective for the company. Stifel Nicolaus lifted their target price on shares of Valmont Industries from $345.00 to $382.00 and gave the stock a “buy” rating in a research report on Monday, July 21st. DA Davidson boosted their target price on shares of Valmont Industries from $380.00 to $400.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 23rd. Finally, Wall Street Zen lowered shares of Valmont Industries from a “buy” rating to a “hold” rating in a research note on Sunday, September 7th. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $420.67.

Valmont Industries Stock Up 5.7%

VMI opened at $385.54 on Friday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.44 and a current ratio of 2.15. The firm has a market cap of $7.61 billion, a price-to-earnings ratio of 35.90 and a beta of 1.14. The firm’s 50-day simple moving average is $369.99 and its 200-day simple moving average is $331.25. Valmont Industries, Inc. has a twelve month low of $250.07 and a twelve month high of $388.55.

Valmont Industries (NYSE:VMI) last issued its quarterly earnings results on Tuesday, July 22nd. The industrial products company reported $4.88 earnings per share for the quarter, beating analysts’ consensus estimates of $4.78 by $0.10. The business had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.03 billion. Valmont Industries had a net margin of 5.98% and a return on equity of 22.10%. Valmont Industries’s revenue for the quarter 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. Equities research analysts anticipate that Valmont Industries, Inc. will post 18.07 EPS for the current fiscal year.

Valmont Industries Dividend Announcement

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

Insider Buying and Selling

In other news, CAO Timothy P. Francis sold 2,867 shares of the business’s stock in a transaction on Friday, August 1st. The shares were sold at an average price of $358.52, for a total value of $1,027,876.84. Following the sale, the chief accounting officer owned 9,746 shares of the company’s stock, valued at $3,494,135.92. The trade was a 22.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 1.50% of the company’s stock.

Valmont Industries Company 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.