KLP Kapitalforvaltning AS Acquires 600 Shares of Valmont Industries, Inc. $VMI

KLP Kapitalforvaltning AS lifted its holdings in shares of Valmont Industries, Inc. (NYSE:VMI) by 10.7% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,200 shares of the industrial products company’s stock after acquiring an additional 600 shares during the quarter. KLP Kapitalforvaltning AS’s holdings in Valmont Industries were worth $2,028,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. WPG Advisers LLC purchased a new stake in Valmont Industries in the first quarter worth $27,000. Smartleaf Asset Management LLC grew its stake in Valmont Industries by 87.7% in the first quarter. Smartleaf Asset Management LLC now owns 107 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 50 shares during the period. Geneos Wealth Management Inc. grew its stake in Valmont Industries by 223.4% in the first quarter. Geneos Wealth Management Inc. now owns 152 shares of the industrial products company’s stock worth $43,000 after purchasing an additional 105 shares during the period. Ameritas Advisory Services LLC purchased a new stake in Valmont Industries in the second quarter worth $46,000. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new stake in Valmont Industries in the second quarter worth $47,000. Institutional investors own 87.84% of the company’s stock.

Insider Activity at Valmont Industries

In related 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 directly owned 9,746 shares of the company’s stock, valued at $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 available at the SEC website. 1.50% of the stock is owned by company insiders.

Valmont Industries Trading Down 2.5%

Valmont Industries stock opened at $389.37 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 $411.17. The stock has a market capitalization of $7.69 billion, a PE ratio of 36.25 and a beta of 1.15. The business’s fifty day moving average is $377.45 and its 200 day moving average is $337.14.

Valmont Industries (NYSE:VMI) last released its quarterly earnings data on Tuesday, July 22nd. The industrial products company reported $4.88 EPS for the quarter, beating the consensus estimate of $4.78 by $0.10. Valmont Industries had a return on equity of 22.10% and a net margin of 5.98%.The company had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.03 billion. During the same period last year, the firm posted $4.91 earnings per share. Valmont Industries’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. On average, sell-side analysts predict that Valmont Industries, Inc. will post 18.07 EPS for the current 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 dividend of $0.68 per share. The ex-dividend date of this dividend is Friday, September 26th. This represents a $2.72 annualized dividend and a dividend yield of 0.7%. Valmont Industries’s dividend payout ratio (DPR) is 25.33%.

Analyst Ratings Changes

VMI has been the topic of several recent research reports. Stifel Nicolaus upped their price target on Valmont Industries from $345.00 to $382.00 and gave the stock a “buy” rating in a research note on Monday, July 21st. Wall Street Zen cut Valmont Industries from a “buy” rating to a “hold” rating in a research note on Saturday. DA Davidson upped their price target on Valmont Industries from $380.00 to $400.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 23rd. JPMorgan Chase & Co. started coverage on Valmont Industries in a research note on Friday, September 26th. They issued an “overweight” rating and a $480.00 target price on the stock. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Valmont Industries in a research note on Wednesday, October 8th. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Valmont Industries presently has a consensus rating of “Moderate Buy” and an average price target 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.