Cetera Investment Advisers Buys 179 Shares of Valmont Industries, Inc. $VMI

Cetera Investment Advisers grew its position in shares of Valmont Industries, Inc. (NYSE:VMI) by 2.2% during the second quarter, according to its most recent filing with the SEC. The firm owned 8,398 shares of the industrial products company’s stock after acquiring an additional 179 shares during the period. Cetera Investment Advisers’ holdings in Valmont Industries were worth $2,743,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in VMI. Price T Rowe Associates Inc. MD lifted its position in Valmont Industries by 759.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 172,967 shares of the industrial products company’s stock valued at $49,361,000 after acquiring an additional 152,832 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt lifted its holdings in Valmont Industries by 5,815.0% in the 2nd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 70,980 shares of the industrial products company’s stock worth $25,179,000 after purchasing an additional 69,780 shares in the last quarter. Nuveen LLC purchased a new stake in Valmont Industries in the 1st quarter worth $16,519,000. Vaughan Nelson Investment Management L.P. increased its stake in 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 worth $61,318,000 after acquiring an additional 56,380 shares during the last quarter. Finally, Millennium Management LLC lifted its position in Valmont Industries by 225.1% during the first quarter. Millennium Management LLC now owns 67,630 shares of the industrial products company’s stock valued at $19,300,000 after purchasing an additional 46,825 shares during the last quarter. Hedge funds and other institutional investors own 87.84% of the company’s stock.

Insider Activity at Valmont Industries

In related news, insider James Christopher Colwell sold 375 shares of the firm’s stock in a transaction dated Thursday, October 23rd. The stock was sold at an average price of $410.68, for a total transaction of $154,005.00. Following the completion of the transaction, the insider directly owned 7,286 shares in the company, valued at $2,992,214.48. This trade represents a 4.89% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.50% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Valmont Industries in a research note on Tuesday. JPMorgan Chase & Co. began coverage on Valmont Industries in a research note on Friday, September 26th. They issued an “overweight” rating and a $480.00 target price on the stock. DA Davidson raised 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. Stifel Nicolaus raised their target price on Valmont Industries from $400.00 to $450.00 and gave the stock a “buy” rating in a research note on Monday, October 20th. Finally, Wall Street Zen raised shares of Valmont Industries from a “hold” rating to a “buy” rating in a report on Sunday, October 19th. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Valmont Industries has an average rating of “Moderate Buy” and a consensus target price of $448.33.

Valmont Industries Price Performance

VMI stock opened at $410.40 on Friday. The business has a 50 day simple moving average of $399.59 and a 200-day simple moving average of $364.79. 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 firm has a market capitalization of $8.08 billion, a PE ratio of 35.35 and a beta of 1.21. 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 earnings results on Tuesday, October 21st. The industrial products company reported $4.98 EPS for the quarter, topping analysts’ consensus estimates of $4.64 by $0.34. The company had revenue of $1.05 billion for 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%. Valmont Industries’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $4.11 earnings per share. Valmont Industries has set its FY 2025 guidance at 18.700-19.50 EPS. Equities research analysts anticipate that Valmont Industries, Inc. will post 18.07 earnings per share for the current fiscal year.

Valmont Industries Announces Dividend

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

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.