Mirae Asset Global Investments Co. Ltd. Makes New $47,000 Investment in Valmont Industries, Inc. $VMI

Mirae Asset Global Investments Co. Ltd. purchased a new position in Valmont Industries, Inc. (NYSE:VMI) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm purchased 143 shares of the industrial products company’s stock, valued at approximately $47,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of VMI. WPG Advisers LLC acquired a new stake in Valmont Industries in the 1st quarter worth $27,000. Smartleaf Asset Management LLC grew its position 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 worth $31,000 after purchasing an additional 50 shares during the last quarter. Geneos Wealth Management Inc. grew its position 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 worth $43,000 after purchasing an additional 105 shares during the last quarter. Parallel Advisors LLC grew its position 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 purchasing an additional 85 shares during the last quarter. Finally, GAMMA Investing LLC grew 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 worth $64,000 after purchasing an additional 102 shares during the last quarter. 87.84% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Valmont Industries

In other Valmont Industries news, CAO Timothy P. Francis sold 2,867 shares of the business’s stock in a transaction dated Friday, August 1st. The shares were 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 directly owned 9,746 shares of the company’s stock, valued at approximately $3,494,135.92. The trade was a 22.73% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on VMI shares. Stifel Nicolaus raised their price target on shares of Valmont Industries from $345.00 to $382.00 and gave the stock a “buy” rating in a research report on Monday, July 21st. DA Davidson raised their price objective on shares of Valmont Industries from $380.00 to $400.00 and gave the stock a “neutral” rating in a report on Wednesday, July 23rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Valmont Industries in a report on Wednesday, October 8th. Wall Street Zen downgraded shares of Valmont Industries from a “buy” rating to a “hold” rating in a report on Saturday. Finally, JPMorgan Chase & Co. assumed coverage on shares of Valmont Industries in a report on Friday, September 26th. They set an “overweight” rating and a $480.00 price objective for the company. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $420.67.

Valmont Industries Trading Down 2.5%

Shares of VMI stock opened at $389.37 on Monday. Valmont Industries, Inc. has a 12-month low of $250.07 and a 12-month high of $411.17. The company has a market capitalization of $7.69 billion, a P/E ratio of 36.25 and a beta of 1.15. The firm has a 50-day moving average price of $377.45 and a 200 day moving average price of $337.14. The company has a quick ratio of 1.44, a current ratio of 2.15 and a debt-to-equity ratio of 0.48.

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. Valmont Industries had a net margin of 5.98% and a return on equity of 22.10%. The firm had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.03 billion. During the same period last year, the firm posted $4.91 EPS. The firm’s quarterly revenue was up 1.0% on a year-over-year basis. 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 earnings per share for the current fiscal year.

Valmont Industries Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Friday, September 26th will be paid 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 dividend yield of 0.7%. Valmont Industries’s payout ratio is currently 25.33%.

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.