Valmont Industries, Inc. $VMI Shares Bought by Advisors Asset Management Inc.

Advisors Asset Management Inc. increased its position in Valmont Industries, Inc. (NYSE:VMI) by 7.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,490 shares of the industrial products company’s stock after acquiring an additional 1,539 shares during the period. Advisors Asset Management Inc. owned approximately 0.11% of Valmont Industries worth $7,018,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in the business. Franklin Resources Inc. boosted its position in Valmont Industries by 2.7% in the 2nd quarter. Franklin Resources Inc. now owns 525,890 shares of the industrial products company’s stock worth $171,740,000 after purchasing an additional 13,578 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Valmont Industries by 1.1% during the first quarter. Dimensional Fund Advisors LP now owns 429,900 shares of the industrial products company’s stock worth $122,682,000 after purchasing an additional 4,722 shares in the last quarter. Geode Capital Management LLC boosted its position 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 acquiring an additional 1,321 shares during the last quarter. Impax Asset Management Group plc increased its holdings in shares of Valmont Industries by 0.8% in the second quarter. Impax Asset Management Group plc now owns 313,588 shares of the industrial products company’s stock valued at $102,408,000 after purchasing an additional 2,500 shares during the last quarter. Finally, Allianz Asset Management GmbH boosted its position in shares of Valmont Industries by 2.0% during 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 acquiring an additional 5,592 shares during the last quarter. 87.84% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Valmont Industries 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 sale, the insider directly 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.50% of the stock is currently owned by company insiders.

Valmont Industries Stock Performance

Shares of NYSE VMI opened at $407.50 on Wednesday. Valmont Industries, Inc. has a 12 month low of $250.07 and a 12 month high of $427.81. The company has a market cap of $8.03 billion, a PE ratio of 35.10 and a beta of 1.21. The company has a 50-day simple moving average of $398.20 and a 200-day simple moving average of $364.15. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.26 and a quick ratio of 1.50.

Valmont Industries (NYSE:VMI) last announced its quarterly earnings data 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 business had revenue of $1.05 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.11 earnings per share. Valmont Industries has set its FY 2025 guidance at 18.700-19.50 EPS. On average, equities analysts anticipate that Valmont Industries, Inc. will post 18.07 earnings per share for the current year.

Valmont Industries Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders 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 dividend payout ratio is currently 23.43%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on VMI shares. Stifel Nicolaus lifted their price target on shares of Valmont Industries from $400.00 to $450.00 and gave the company a “buy” rating in a research report on Monday, October 20th. Weiss Ratings reissued a “hold (c+)” rating on shares of Valmont Industries in a report on Wednesday, November 19th. Wall Street Zen upgraded shares of Valmont Industries from a “hold” rating to a “buy” rating in a research report on Sunday, October 19th. DA Davidson increased their price target on Valmont Industries from $400.00 to $415.00 and gave the stock a “neutral” rating in a report on Wednesday, October 22nd. Finally, JPMorgan Chase & Co. began coverage on Valmont Industries in a report on Friday, September 26th. They issued an “overweight” rating and a $480.00 price target for the company. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus 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.