Valmont Industries, Inc. $VMI Shares Sold by AGF Management Ltd.

AGF Management Ltd. reduced its stake in Valmont Industries, Inc. (NYSE:VMI) by 1.6% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,894 shares of the industrial products company’s stock after selling 229 shares during the quarter. AGF Management Ltd. owned approximately 0.07% of Valmont Industries worth $4,537,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of VMI. Dimensional Fund Advisors LP boosted its position in shares of Valmont Industries by 1.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 429,900 shares of the industrial products company’s stock valued at $122,682,000 after acquiring an additional 4,722 shares during the last quarter. Segall Bryant & Hamill LLC raised its stake in Valmont Industries by 3.4% during the first quarter. Segall Bryant & Hamill LLC now owns 299,901 shares of the industrial products company’s stock worth $85,583,000 after purchasing an additional 9,979 shares during the period. Allianz Asset Management GmbH boosted its holdings in Valmont Industries by 2.0% in the 2nd quarter. Allianz Asset Management GmbH now owns 280,361 shares of the industrial products company’s stock valued at $91,557,000 after purchasing an additional 5,592 shares during the last quarter. Northern Trust Corp boosted its holdings in Valmont Industries by 7.3% in the 1st quarter. Northern Trust Corp now owns 216,253 shares of the industrial products company’s stock valued at $61,712,000 after purchasing an additional 14,694 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. grew its stake in shares of Valmont Industries by 42.9% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 187,765 shares of the industrial products company’s stock valued at $61,318,000 after buying an additional 56,380 shares during the period. Hedge funds and other institutional investors own 87.84% of the company’s stock.

Analyst Upgrades and Downgrades

VMI has been the topic of several analyst reports. DA Davidson lifted their price target on shares of Valmont Industries from $400.00 to $415.00 and gave the company a “neutral” rating in a research report on Wednesday, October 22nd. Weiss Ratings reissued a “hold (c)” rating on shares of Valmont Industries in a research note on Wednesday, October 8th. Stifel Nicolaus lifted their target price on Valmont Industries from $400.00 to $450.00 and gave the company a “buy” rating in a research report on Monday, October 20th. Wall Street Zen upgraded Valmont Industries from a “hold” rating to a “buy” rating in a report on Sunday, October 19th. Finally, JPMorgan Chase & Co. assumed coverage on Valmont Industries in a research report on Friday, September 26th. They set an “overweight” rating and a $480.00 price objective for the company. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Valmont Industries currently has a consensus rating of “Moderate Buy” and an average target price of $448.33.

Valmont Industries Stock Performance

NYSE VMI opened at $408.08 on Monday. The company has a market cap of $8.04 billion, a P/E ratio of 35.15 and a beta of 1.21. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.26 and a quick ratio of 1.50. The stock has a 50-day moving average of $392.69 and a two-hundred day moving average of $355.93. Valmont Industries, Inc. has a 1-year low of $250.07 and a 1-year high of $427.81.

Valmont Industries (NYSE:VMI) last issued its quarterly earnings results on Tuesday, October 21st. The industrial products company reported $4.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.64 by $0.34. Valmont Industries had a net margin of 6.33% and a return on equity of 22.92%. The business had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.03 billion. During the same quarter in the prior year, the company earned $4.11 earnings per share. The business’s quarterly revenue was up 2.5% on a year-over-year basis. Valmont Industries has set its FY 2025 guidance at 18.700-19.50 EPS. As a group, analysts anticipate that Valmont Industries, Inc. will post 18.07 EPS for the current year.

Valmont Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Friday, December 26th will be given a $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Friday, December 26th. Valmont Industries’s dividend payout ratio (DPR) is currently 23.43%.

Insider Buying and Selling

In other Valmont Industries news, insider James Christopher Colwell sold 375 shares of the business’s stock in a transaction on Thursday, October 23rd. The shares were sold at an average price of $410.68, for a total value of $154,005.00. Following the completion of the transaction, the insider owned 7,286 shares in the company, valued at $2,992,214.48. The trade was a 4.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.50% of the stock is owned by corporate insiders.

Valmont Industries Company 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.