Wealth Enhancement Advisory Services LLC Has $1.30 Million Stock Holdings in Valmont Industries, Inc. $VMI

Wealth Enhancement Advisory Services LLC increased its holdings in shares of Valmont Industries, Inc. (NYSE:VMI) by 47.1% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 3,794 shares of the industrial products company’s stock after purchasing an additional 1,215 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Valmont Industries were worth $1,296,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in VMI. WPG Advisers LLC acquired a new position in shares of Valmont Industries during the first quarter valued at about $27,000. Smartleaf Asset Management LLC raised its holdings in Valmont Industries by 87.7% in 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 in the last quarter. Geneos Wealth Management Inc. raised its holdings in Valmont Industries by 223.4% in the 1st quarter. Geneos Wealth Management Inc. now owns 152 shares of the industrial products company’s stock valued at $43,000 after acquiring an additional 105 shares in the last quarter. Parallel Advisors LLC raised its stake in shares of Valmont Industries by 128.8% in the second quarter. Parallel Advisors LLC now owns 151 shares of the industrial products company’s stock valued at $49,000 after purchasing an additional 85 shares in the last quarter. Finally, GAMMA Investing LLC raised its stake in shares of Valmont Industries by 82.3% in the first quarter. GAMMA Investing LLC now owns 226 shares of the industrial products company’s stock valued at $64,000 after purchasing an additional 102 shares in the last quarter. Institutional investors and hedge funds own 87.84% of the company’s stock.

Analysts Set New Price Targets

VMI has been the subject of a number of recent research reports. DA Davidson increased their price objective on shares of Valmont Industries from $380.00 to $400.00 and gave the company a “neutral” rating in a research note on Wednesday, July 23rd. JPMorgan Chase & Co. initiated coverage on shares of Valmont Industries in a research report on Friday, September 26th. They issued an “overweight” rating and a $480.00 price target for the company. Wall Street Zen lowered shares of Valmont Industries from a “buy” rating to a “hold” rating in a research report on Sunday, September 7th. Finally, Stifel Nicolaus increased their target price on Valmont Industries from $345.00 to $382.00 and gave the stock a “buy” rating in a report on Monday, July 21st. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $420.67.

Valmont Industries Stock Up 1.6%

Shares of VMI opened at $388.20 on Wednesday. Valmont Industries, Inc. has a one year low of $250.07 and a one year high of $389.29. The firm has a 50 day simple moving average of $371.67 and a two-hundred day simple moving average of $332.14. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.15 and a quick ratio of 1.44. The company has a market cap of $7.66 billion, a P/E ratio of 36.15 and a beta of 1.14.

Valmont Industries (NYSE:VMI) last announced its quarterly earnings results on Tuesday, July 22nd. The industrial products company reported $4.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.78 by $0.10. The company had revenue of $1.05 billion for 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%. The firm’s revenue was up 1.0% on a year-over-year basis. During the same period in the previous year, the firm posted $4.91 EPS. Valmont Industries has set its FY 2025 guidance at 17.500-19.500 EPS. Research analysts forecast that Valmont Industries, Inc. will post 18.07 EPS for the current fiscal year.

Valmont Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Friday, September 26th will be issued a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Friday, September 26th. Valmont Industries’s dividend payout ratio (DPR) is presently 25.33%.

Insiders Place Their Bets

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 completion of the sale, the chief accounting officer owned 9,746 shares of the company’s stock, valued at $3,494,135.92. This trade represents a 22.73% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 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.