Ameritas Advisory Services LLC Purchases Shares of 141 Valmont Industries, Inc. $VMI

Ameritas Advisory Services LLC purchased a new stake in shares of Valmont Industries, Inc. (NYSE:VMI) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 141 shares of the industrial products company’s stock, valued at approximately $46,000.

A number of other institutional investors have also made changes to their positions in the stock. Beverly Hills Private Wealth LLC increased its position in shares of Valmont Industries by 3.8% during the first quarter. Beverly Hills Private Wealth LLC now owns 1,169 shares of the industrial products company’s stock valued at $334,000 after acquiring an additional 43 shares during the last quarter. Smartleaf Asset Management LLC grew its holdings in shares of Valmont Industries by 87.7% in the first quarter. Smartleaf Asset Management LLC now owns 107 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 50 shares in the last quarter. Vestcor Inc grew its holdings in shares of Valmont Industries by 2.0% in the first quarter. Vestcor Inc now owns 2,651 shares of the industrial products company’s stock valued at $757,000 after purchasing an additional 51 shares in the last quarter. Signaturefd LLC grew its holdings in shares of Valmont Industries by 23.9% in the first quarter. Signaturefd LLC now owns 270 shares of the industrial products company’s stock valued at $77,000 after purchasing an additional 52 shares in the last quarter. Finally, TBH Global Asset Management LLC grew its holdings in shares of Valmont Industries by 1.5% in the first quarter. TBH Global Asset Management LLC now owns 3,945 shares of the industrial products company’s stock valued at $1,126,000 after purchasing an additional 58 shares in the last quarter. 87.84% of the stock is currently owned by institutional investors and hedge funds.

Valmont Industries Stock Up 2.0%

VMI stock opened at $397.92 on Tuesday. 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 $7.86 billion, a PE ratio of 37.05 and a beta of 1.15. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.44 and a current ratio of 2.15. The company has a fifty day moving average of $378.11 and a 200-day moving average of $337.89.

Valmont Industries (NYSE:VMI) last announced its quarterly earnings data on Tuesday, July 22nd. The industrial products company reported $4.88 earnings per share for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $1.03 billion. During the same quarter in the previous year, the company earned $4.91 EPS. The firm’s revenue for the quarter 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. As a group, analysts expect that Valmont Industries, Inc. will post 18.07 EPS for the current year.

Valmont Industries Announces Dividend

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

Analyst Upgrades and Downgrades

VMI has been the subject of a number of research reports. Wall Street Zen cut shares of Valmont Industries from a “buy” rating to a “hold” rating in a report on Saturday. DA Davidson increased their price objective on Valmont Industries from $380.00 to $400.00 and gave the company a “neutral” rating in a research note on Wednesday, July 23rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Valmont Industries in a research note on Wednesday, October 8th. JPMorgan Chase & Co. initiated coverage on Valmont Industries in a research note on Friday, September 26th. They issued an “overweight” rating and a $480.00 price objective on the stock. Finally, Stifel Nicolaus increased their price objective 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 research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $420.67.

Insider Activity

In other news, CAO Timothy P. Francis sold 2,867 shares of the 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 owned 9,746 shares in the company, valued at $3,494,135.92. This trade represents a 22.73% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.50% of the stock is owned by corporate insiders.

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.