Avalon Trust Co Has $13.08 Million Position in Valmont Industries, Inc. $VMI

Avalon Trust Co decreased its holdings in shares of Valmont Industries, Inc. (NYSE:VMI) by 3.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 40,053 shares of the industrial products company’s stock after selling 1,422 shares during the quarter. Avalon Trust Co owned approximately 0.20% of Valmont Industries worth $13,080,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in VMI. Zurich Insurance Group Ltd FI bought a new stake in Valmont Industries in the 1st quarter valued at $1,227,000. Mariner Investment Group LLC acquired a new position in shares of Valmont Industries in the 2nd quarter valued at approximately $653,000. Inspire Investing LLC lifted its position in shares of Valmont Industries by 170.6% during the 1st quarter. Inspire Investing LLC now owns 3,610 shares of the industrial products company’s stock worth $1,030,000 after buying an additional 2,276 shares during the last quarter. Patriot Financial Group Insurance Agency LLC acquired a new position in Valmont Industries during the 2nd quarter worth approximately $510,000. Finally, Royal Bank of Canada grew its position in Valmont Industries by 24.2% during the 1st quarter. Royal Bank of Canada now owns 37,424 shares of the industrial products company’s stock worth $10,681,000 after acquiring an additional 7,302 shares during the last quarter. 87.84% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on VMI. Weiss Ratings restated a “hold (c)” rating on shares of Valmont Industries in a report on Wednesday, October 8th. DA Davidson boosted their target price 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. JPMorgan Chase & Co. started coverage on Valmont Industries in a research note on Friday, September 26th. They set an “overweight” rating and a $480.00 price target on the stock. Stifel Nicolaus lifted their price objective on shares of Valmont Industries from $400.00 to $450.00 and gave the company a “buy” rating in a report on Monday, October 20th. Finally, Wall Street Zen raised shares of Valmont Industries from a “hold” rating to a “buy” rating in a research report on Sunday, October 19th. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $448.33.

Insider Activity at Valmont Industries

In related news, insider James Christopher Colwell sold 375 shares of the business’s stock in a transaction that occurred on Thursday, October 23rd. The shares were sold at an average price of $410.68, for a total transaction of $154,005.00. Following the completion of the transaction, the insider owned 7,286 shares of the company’s stock, valued at approximately $2,992,214.48. The trade was a 4.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.50% of the company’s stock.

Valmont Industries Stock Up 0.5%

VMI opened at $410.56 on Thursday. The company has a quick ratio of 1.50, a current ratio of 2.26 and a debt-to-equity ratio of 0.46. The company’s 50-day moving average price is $395.28 and its two-hundred day moving average price is $357.92. Valmont Industries, Inc. has a twelve month low of $250.07 and a twelve month high of $427.81. The stock has a market cap of $8.09 billion, a price-to-earnings ratio of 35.36 and a beta of 1.21.

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

Valmont Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Friday, December 26th will be issued a dividend of $0.68 per share. The ex-dividend date of this dividend is Friday, December 26th. This represents a $2.72 dividend on an annualized basis and a yield of 0.7%. Valmont Industries’s dividend payout ratio is 23.43%.

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.