Creative Planning Cuts Position in Valmont Industries, Inc. $VMI

Creative Planning trimmed its position in shares of Valmont Industries, Inc. (NYSE:VMI) by 6.3% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,425 shares of the industrial products company’s stock after selling 564 shares during the period. Creative Planning’s holdings in Valmont Industries were worth $2,751,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. Dimensional Fund Advisors LP lifted its stake in 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 worth $122,682,000 after acquiring an additional 4,722 shares in the last quarter. Geode Capital Management LLC increased its stake in Valmont Industries by 0.4% during the second quarter. Geode Capital Management LLC now owns 354,241 shares of the industrial products company’s stock worth $115,704,000 after purchasing an additional 1,321 shares during the period. Impax Asset Management Group plc lifted its position in shares of Valmont Industries by 0.8% during the second quarter. Impax Asset Management Group plc now owns 313,588 shares of the industrial products company’s stock worth $102,408,000 after purchasing an additional 2,500 shares in the last quarter. Allianz Asset Management GmbH lifted its position in shares of Valmont Industries by 2.0% during the second quarter. Allianz Asset Management GmbH now owns 280,361 shares of the industrial products company’s stock worth $91,557,000 after purchasing an additional 5,592 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in shares of Valmont Industries by 7.3% in the first 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 period. 87.84% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Valmont Industries

In other Valmont Industries news, insider James Christopher Colwell sold 375 shares of the stock in a transaction that occurred 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 transaction, the insider directly owned 7,286 shares in the company, valued at $2,992,214.48. This represents a 4.89% decrease in their ownership of the stock. 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 Price Performance

Valmont Industries stock opened at $393.13 on Monday. The stock has a market cap of $7.74 billion, a P/E ratio of 33.86 and a beta of 1.21. The company has a fifty day simple moving average of $397.13 and a 200-day simple moving average of $362.82. Valmont Industries, Inc. has a 12-month low of $250.07 and a 12-month high of $427.81. The company has a current ratio of 2.26, a quick ratio of 1.50 and a debt-to-equity ratio of 0.46.

Valmont Industries (NYSE:VMI) last posted its earnings results on Tuesday, October 21st. The industrial products company reported $4.98 EPS for the quarter, beating the consensus estimate of $4.64 by $0.34. The firm had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.03 billion. Valmont Industries had a return on equity of 22.92% and a net margin of 6.33%.Valmont Industries’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 company posted $4.11 earnings per share. Valmont Industries has set its FY 2025 guidance at 18.700-19.50 EPS. Equities analysts expect that Valmont Industries, Inc. will post 18.07 EPS for the current fiscal year.

Valmont Industries Announces Dividend

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

Wall Street Analysts Forecast Growth

VMI has been the topic of several recent research reports. Wall Street Zen raised shares of Valmont Industries from a “hold” rating to a “buy” rating in a research note on Sunday, October 19th. DA Davidson boosted their price target on shares of Valmont Industries from $400.00 to $415.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 22nd. Stifel Nicolaus increased their price objective on Valmont Industries from $400.00 to $450.00 and gave the company a “buy” rating in a research note on Monday, October 20th. JPMorgan Chase & Co. initiated coverage on Valmont Industries in a report on Friday, September 26th. They issued an “overweight” rating and a $480.00 target price for the company. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Valmont Industries in a report on Wednesday. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, Valmont Industries has a consensus rating of “Moderate Buy” and an average price target of $448.33.

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.