Valmont Industries, Inc. $VMI Shares Sold by Signaturefd LLC

Signaturefd LLC reduced its position in Valmont Industries, Inc. (NYSE:VMI) by 20.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 215 shares of the industrial products company’s stock after selling 55 shares during the quarter. Signaturefd LLC’s holdings in Valmont Industries were worth $70,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. WPG Advisers LLC acquired a new position in Valmont Industries during the 1st quarter valued at about $27,000. Smartleaf Asset Management LLC raised its holdings in shares of Valmont Industries by 87.7% during the first quarter. Smartleaf Asset Management LLC now owns 107 shares of the industrial products company’s stock valued at $31,000 after buying an additional 50 shares during the last quarter. Geneos Wealth Management Inc. boosted its position in shares of Valmont Industries by 223.4% during the first quarter. Geneos Wealth Management Inc. now owns 152 shares of the industrial products company’s stock worth $43,000 after buying an additional 105 shares during the period. Parallel Advisors LLC grew its holdings in Valmont Industries by 128.8% in the 2nd quarter. Parallel Advisors LLC now owns 151 shares of the industrial products company’s stock worth $49,000 after buying an additional 85 shares in the last quarter. Finally, GAMMA Investing LLC increased its position in Valmont Industries by 82.3% in the 1st quarter. GAMMA Investing LLC now owns 226 shares of the industrial products company’s stock valued at $64,000 after acquiring an additional 102 shares during the period. Institutional investors own 87.84% of the company’s stock.

Insider Buying and Selling at Valmont Industries

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 approximately $3,494,135.92. This trade represents a 22.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 1.50% of the company’s stock.

Valmont Industries Stock Performance

Shares of NYSE VMI opened at $394.46 on Monday. 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, Inc. has a one year low of $250.07 and a one year high of $397.30. The business’s 50-day moving average price is $373.69 and its two-hundred day moving average price is $333.56. The company has a market capitalization of $7.79 billion, a P/E ratio of 36.73 and a beta of 1.15.

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, topping analysts’ consensus estimates of $4.78 by $0.10. The company had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.03 billion. Valmont Industries had a return on equity of 22.10% and a net margin of 5.98%.The business’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $4.91 earnings per share. Valmont Industries has set its FY 2025 guidance at 17.500-19.500 EPS. Analysts anticipate that Valmont Industries, Inc. will post 18.07 earnings per share for the current fiscal year.

Valmont Industries Announces Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend is Friday, September 26th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 0.7%. Valmont Industries’s dividend payout ratio (DPR) is presently 25.33%.

Analyst Ratings Changes

VMI has been the subject of several research analyst reports. Wall Street Zen raised shares of Valmont Industries from a “hold” rating to a “buy” rating in a report on Friday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Valmont Industries in a research note on Saturday, September 27th. 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 report on Wednesday, July 23rd. JPMorgan Chase & Co. started coverage on Valmont Industries in a report on Friday, September 26th. They set an “overweight” rating and a $480.00 target price on the stock. Finally, Stifel Nicolaus increased their price target on Valmont Industries from $345.00 to $382.00 and gave the company a “buy” rating in a research note on Monday, July 21st. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Valmont Industries has a consensus rating of “Moderate Buy” and an average target price of $420.67.

About Valmont Industries

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.