Edgestream Partners L.P. Invests $4.80 Million in Valmont Industries, Inc. $VMI

Edgestream Partners L.P. acquired a new position in Valmont Industries, Inc. (NYSE:VMI) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 14,711 shares of the industrial products company’s stock, valued at approximately $4,804,000. Edgestream Partners L.P. owned about 0.07% of Valmont Industries as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the business. Norges Bank purchased a new position in shares of Valmont Industries in the second quarter worth about $77,860,000. Price T Rowe Associates Inc. MD boosted its holdings 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 worth $49,361,000 after buying an additional 152,832 shares during the period. Livforsakringsbolaget Skandia Omsesidigt grew its stake 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 valued at $25,179,000 after buying an additional 69,780 shares in the last quarter. Nuveen LLC bought a new stake in Valmont Industries during the 1st quarter valued at $16,519,000. Finally, Vaughan Nelson Investment Management L.P. lifted its position in shares of Valmont Industries by 42.9% during the second 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 in the last quarter. 87.84% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Insider Activity

In other news, insider James Christopher Colwell sold 375 shares of the 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 transaction, the insider directly owned 7,286 shares in the company, valued at approximately $2,992,214.48. This represents a 4.89% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.50% of the company’s stock.

Valmont Industries Trading Up 0.9%

Shares of Valmont Industries stock opened at $407.08 on Wednesday. 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, Inc. has a 1 year low of $250.07 and a 1 year high of $427.81. The firm has a market cap of $8.02 billion, a PE ratio of 35.06 and a beta of 1.21. The company has a 50 day simple moving average of $401.53 and a two-hundred day simple moving average of $367.23.

Valmont Industries (NYSE:VMI) last posted its quarterly earnings data on Tuesday, October 21st. The industrial products company reported $4.98 earnings per share for the quarter, beating the consensus estimate of $4.64 by $0.34. Valmont Industries had a net margin of 6.33% and a return on equity of 22.92%. The firm had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.03 billion. During the same quarter last year, the company posted $4.11 EPS. The business’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. Analysts expect that Valmont Industries, Inc. will post 18.07 earnings per share for the current fiscal 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 of this dividend is Friday, December 26th. This represents a $2.72 annualized dividend and a yield of 0.7%. Valmont Industries’s payout ratio is 23.43%.

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.