Ceredex Value Advisors LLC Buys 4,600 Shares of Valmont Industries, Inc. $VMI

Ceredex Value Advisors LLC increased its position in shares of Valmont Industries, Inc. (NYSE:VMI) by 15.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 33,800 shares of the industrial products company’s stock after buying an additional 4,600 shares during the period. Ceredex Value Advisors LLC owned 0.17% of Valmont Industries worth $11,038,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Franklin Resources Inc. grew 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 during the last quarter. Dimensional Fund Advisors LP grew its holdings 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 during the last quarter. Geode Capital Management LLC increased its position in Valmont Industries by 0.4% in the 2nd quarter. Geode Capital Management LLC now owns 354,241 shares of the industrial products company’s stock valued at $115,704,000 after acquiring an additional 1,321 shares in the last quarter. Impax Asset Management Group plc boosted its position in Valmont Industries by 0.8% in the 2nd quarter. Impax Asset Management Group plc now owns 313,588 shares of the industrial products company’s stock valued at $102,408,000 after buying an additional 2,500 shares during the last quarter. Finally, Allianz Asset Management GmbH boosted its stake in shares of Valmont Industries by 2.0% in 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 purchasing an additional 5,592 shares during the last quarter. Institutional investors and hedge funds own 87.84% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on VMI. Wall Street Zen raised 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 Valmont Industries from $400.00 to $415.00 and gave the company a “neutral” rating in a report on Wednesday, October 22nd. Weiss Ratings restated a “hold (c+)” rating on shares of Valmont Industries in a report on Tuesday. Stifel Nicolaus upped their price target on shares of Valmont Industries from $400.00 to $450.00 and gave the stock a “buy” rating in a research report on Monday, October 20th. Finally, JPMorgan Chase & Co. initiated coverage on Valmont Industries in a report on Friday, September 26th. They set an “overweight” rating and a $480.00 price target for the company. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $448.33.

Valmont Industries Trading Up 0.7%

Shares of VMI stock opened at $412.97 on Friday. The firm has a market capitalization of $8.14 billion, a P/E ratio of 35.57 and a beta of 1.21. 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 stock’s fifty day simple moving average is $400.35 and its 200 day simple moving average is $365.42. Valmont Industries, Inc. has a twelve month low of $250.07 and a twelve month high of $427.81.

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

Valmont Industries Dividend Announcement

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

Insiders Place Their Bets

In related news, insider James Christopher Colwell sold 375 shares of the firm’s stock in a transaction on 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 of the company’s stock, valued at $2,992,214.48. This trade represents a 4.89% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.50% of the stock is owned by 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.