Charles Schwab Investment Management Inc. Decreases Stake in Valmont Industries, Inc. $VMI

Charles Schwab Investment Management Inc. cut its stake in shares of Valmont Industries, Inc. (NYSE:VMI) by 2.8% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 260,176 shares of the industrial products company’s stock after selling 7,582 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.32% of Valmont Industries worth $84,966,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Valmont Industries during the 1st quarter worth approximately $978,000. Cetera Investment Advisers raised its holdings in shares of Valmont Industries by 2.1% in the 1st quarter. Cetera Investment Advisers now owns 8,219 shares of the industrial products company’s stock valued at $2,345,000 after purchasing an additional 172 shares in the last quarter. Mackenzie Financial Corp lifted its position in shares of Valmont Industries by 170.6% during the 1st quarter. Mackenzie Financial Corp now owns 4,613 shares of the industrial products company’s stock worth $1,316,000 after purchasing an additional 2,908 shares during the last quarter. Banque Cantonale Vaudoise acquired a new position in shares of Valmont Industries during the first quarter worth $269,000. Finally, Vestcor Inc increased its holdings in Valmont Industries by 2.0% in the first quarter. Vestcor Inc now owns 2,651 shares of the industrial products company’s stock valued at $757,000 after buying an additional 51 shares during the last quarter. Institutional investors and hedge funds own 87.84% of the company’s stock.

Valmont Industries Price Performance

Shares of NYSE VMI opened at $412.97 on Friday. The stock has a market cap of $8.14 billion, a P/E ratio of 35.57 and a beta of 1.21. Valmont Industries, Inc. has a twelve month low of $250.07 and a twelve month high of $427.81. The stock has a 50 day moving average of $400.35 and a two-hundred day moving average of $365.72. 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 announced 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. 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 for the quarter, compared to analyst estimates of $1.03 billion. During the same period last year, the firm posted $4.11 earnings per share. The company’s revenue for the quarter was up 2.5% compared to the same quarter last year. Valmont Industries has set its FY 2025 guidance at 18.700-19.50 EPS. On average, research analysts forecast that Valmont Industries, Inc. will post 18.07 earnings per share for the current year.

Valmont Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Friday, December 26th will be issued 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 dividend payout ratio is presently 23.43%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Valmont Industries in a report on Tuesday. Stifel Nicolaus boosted 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. Wall Street Zen raised Valmont Industries from a “hold” rating to a “buy” rating in a report on Sunday, October 19th. DA Davidson increased their price target on shares of Valmont Industries from $400.00 to $415.00 and gave the company a “neutral” rating in a research note on Wednesday, October 22nd. Finally, JPMorgan Chase & Co. began coverage on shares of Valmont Industries in a research report on Friday, September 26th. They set an “overweight” rating and a $480.00 price objective for the company. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $448.33.

Insider Buying and Selling at Valmont Industries

In other news, insider James Christopher Colwell sold 375 shares of the stock in a transaction dated 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 owned 7,286 shares in the company, valued at approximately $2,992,214.48. This represents a 4.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.50% of the company’s stock.

About Valmont Industries

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.