Aviva PLC Invests $502,000 in Valmont Industries, Inc. $VMI

Aviva PLC bought a new stake in shares of Valmont Industries, Inc. (NYSE:VMI) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 1,537 shares of the industrial products company’s stock, valued at approximately $502,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Envestnet Portfolio Solutions Inc. boosted its position in shares of Valmont Industries by 4.7% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 843 shares of the industrial products company’s stock valued at $275,000 after purchasing an additional 38 shares in the last quarter. D.B. Root & Company LLC raised its holdings in shares of Valmont Industries by 1.6% in the 2nd quarter. D.B. Root & Company LLC now owns 2,685 shares of the industrial products company’s stock worth $877,000 after purchasing an additional 41 shares in the last quarter. Smartleaf Asset Management LLC lifted its stake in Valmont Industries by 87.7% during 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 during the last quarter. Vestcor Inc boosted its holdings in Valmont Industries by 2.0% during the first quarter. Vestcor Inc now owns 2,651 shares of the industrial products company’s stock worth $757,000 after buying an additional 51 shares in the last quarter. Finally, Signaturefd LLC grew its position in Valmont Industries by 23.9% in the first quarter. Signaturefd LLC now owns 270 shares of the industrial products company’s stock worth $77,000 after buying an additional 52 shares during the last quarter. 87.84% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Valmont Industries Stock Performance

VMI stock opened at $398.45 on Friday. The firm has a 50 day simple moving average of $395.70 and a 200 day simple moving average of $358.20. Valmont Industries, Inc. has a 52 week low of $250.07 and a 52 week high of $427.81. The stock has a market cap of $7.85 billion, a P/E ratio of 34.32 and a beta of 1.21. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.50 and a current ratio of 2.26.

Valmont Industries (NYSE:VMI) last released its earnings results on Tuesday, October 21st. The industrial products company reported $4.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.64 by $0.34. The company had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.03 billion. Valmont Industries had a net margin of 6.33% and a return on equity of 22.92%. The company’s revenue 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. Research analysts anticipate that Valmont Industries, Inc. will post 18.07 earnings per share for the current fiscal year.

Valmont Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Friday, December 26th will be given 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 (DPR) is presently 23.43%.

Insider Buying and Selling

In other Valmont Industries news, insider James Christopher Colwell sold 375 shares of the company’s stock in a transaction dated Thursday, October 23rd. The stock was sold at an average price of $410.68, for a total value of $154,005.00. Following the transaction, the insider directly owned 7,286 shares of the company’s stock, valued at $2,992,214.48. This represents a 4.89% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.50% of the stock is owned by company insiders.

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.