Fifth Third Bancorp Has $1.52 Million Holdings in Valmont Industries, Inc. $VMI

Fifth Third Bancorp cut its holdings in shares of Valmont Industries, Inc. (NYSE:VMI) by 3.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,660 shares of the industrial products company’s stock after selling 188 shares during the quarter. Fifth Third Bancorp’s holdings in Valmont Industries were worth $1,522,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of VMI. Price T Rowe Associates Inc. MD lifted its holdings in shares of Valmont Industries by 759.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 172,967 shares of the industrial products company’s stock worth $49,361,000 after buying an additional 152,832 shares during the last quarter. Allianz Asset Management GmbH increased its position in shares of Valmont Industries by 118.0% during the first quarter. Allianz Asset Management GmbH now owns 274,769 shares of the industrial products company’s stock valued at $78,411,000 after purchasing an additional 148,740 shares during the period. Livforsakringsbolaget Skandia Omsesidigt increased its position in shares of Valmont Industries by 5,815.0% during the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 70,980 shares of the industrial products company’s stock valued at $25,179,000 after purchasing an additional 69,780 shares during the period. GAMMA Investing LLC increased its position in shares of Valmont Industries by 51,911.3% during the first quarter. GAMMA Investing LLC now owns 64,494 shares of the industrial products company’s stock valued at $18,405,000 after purchasing an additional 64,370 shares during the period. Finally, Nuveen LLC bought a new stake in shares of Valmont Industries during the first quarter valued at approximately $16,519,000. 87.84% of the stock is currently owned by institutional investors and hedge funds.

Valmont Industries Stock Performance

Shares of NYSE:VMI opened at $385.54 on Friday. The business’s fifty day moving average price is $369.99 and its two-hundred day moving average price is $331.28. Valmont Industries, Inc. has a fifty-two week low of $250.07 and a fifty-two week high of $388.55. The stock has a market capitalization of $7.61 billion, a price-to-earnings ratio of 35.90 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) last announced 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. Valmont Industries had a return on equity of 22.10% and a net margin of 5.98%.The firm had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.03 billion. During the same period in the prior year, the business posted $4.91 earnings per share. The business’s revenue was up 1.0% compared to the same quarter last year. Valmont Industries has set its FY 2025 guidance at 17.500-19.500 EPS. As a group, analysts predict that Valmont Industries, Inc. will post 18.07 EPS for the current fiscal year.

Valmont Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders 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 is presently 25.33%.

Wall Street Analysts Forecast Growth

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

Insider Activity at Valmont Industries

In other 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 sale, the chief accounting officer owned 9,746 shares in the company, valued at approximately $3,494,135.92. This 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 is accessible through this link. 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.