GAMMA Investing LLC Sells 60 Shares of Valmont Industries, Inc. $VMI

GAMMA Investing LLC lessened its stake in shares of Valmont Industries, Inc. (NYSE:VMI) by 26.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 166 shares of the industrial products company’s stock after selling 60 shares during the quarter. GAMMA Investing LLC’s holdings in Valmont Industries were worth $54,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of VMI. Principal Financial Group Inc. boosted its position in Valmont Industries by 0.4% during the first quarter. Principal Financial Group Inc. now owns 46,566 shares of the industrial products company’s stock valued at $13,289,000 after purchasing an additional 172 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in Valmont Industries by 18.0% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 2,579 shares of the industrial products company’s stock valued at $736,000 after purchasing an additional 393 shares in the last quarter. Janney Montgomery Scott LLC boosted its holdings in shares of Valmont Industries by 16.1% in the 1st quarter. Janney Montgomery Scott LLC now owns 1,490 shares of the industrial products company’s stock valued at $425,000 after buying an additional 207 shares in the last quarter. Crossmark Global Holdings Inc. bought a new stake in shares of Valmont Industries in the 1st quarter valued at about $317,000. Finally, Financial Counselors Inc. bought a new stake in shares of Valmont Industries in the 1st quarter valued at about $724,000. Institutional investors own 87.84% of the company’s stock.

Valmont Industries Stock Performance

VMI opened at $394.46 on Friday. 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 firm has a fifty day moving average price of $373.69 and a 200 day moving average price of $333.51. Valmont Industries, Inc. has a 1 year low of $250.07 and a 1 year high of $397.30. The stock has a market cap of $7.79 billion, a P/E ratio of 36.73 and a beta of 1.15.

Valmont Industries (NYSE:VMI) last posted its 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 firm had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.03 billion. Valmont Industries had a net margin of 5.98% and a return on equity of 22.10%. The business’s revenue was up 1.0% compared to the same quarter last year. During the same period in the previous year, the business posted $4.91 EPS. 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 earnings per share for the current year.

Valmont Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Friday, September 26th will be issued a $0.68 dividend. The ex-dividend date of this dividend 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 presently 25.33%.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. DA Davidson raised their price target on shares of Valmont Industries from $380.00 to $400.00 and gave the company a “neutral” rating in a report on Wednesday, July 23rd. JPMorgan Chase & Co. started coverage on shares of Valmont Industries in a research note on Friday, September 26th. They issued an “overweight” rating and a $480.00 target price for the company. Stifel Nicolaus raised their price target on Valmont Industries from $345.00 to $382.00 and gave the stock a “buy” rating in a report on Monday, July 21st. Weiss Ratings reiterated a “hold (c)” rating on shares of Valmont Industries in a research note on Saturday, September 27th. Finally, Wall Street Zen upgraded shares of Valmont Industries from a “hold” rating to a “buy” rating in a research note on Friday. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Valmont Industries presently has an average rating of “Moderate Buy” and a consensus price target of $420.67.

Insiders Place Their Bets

In related news, CAO Timothy P. Francis sold 2,867 shares of the company’s stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $358.52, for a total value of $1,027,876.84. Following the completion of the transaction, the chief accounting officer owned 9,746 shares of the company’s stock, valued at approximately $3,494,135.92. This represents a 22.73% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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.