Brighton Jones LLC Makes New $485,000 Investment in Valmont Industries, Inc. $VMI

Brighton Jones LLC acquired a new stake in Valmont Industries, Inc. (NYSE:VMI) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 1,252 shares of the industrial products company’s stock, valued at approximately $485,000.

Several other institutional investors also recently modified their holdings of VMI. WPG Advisers LLC acquired a new stake in Valmont Industries in the 1st quarter valued at about $27,000. Smartleaf Asset Management LLC raised its stake in Valmont Industries by 87.7% in the first quarter. Smartleaf Asset Management LLC now owns 107 shares of the industrial products company’s stock valued at $31,000 after buying an additional 50 shares during the period. Parkside Financial Bank & Trust raised its stake in Valmont Industries by 93.9% in the second quarter. Parkside Financial Bank & Trust now owns 128 shares of the industrial products company’s stock valued at $42,000 after buying an additional 62 shares during the period. Geneos Wealth Management Inc. lifted its position in shares of Valmont Industries by 223.4% in the first quarter. Geneos Wealth Management Inc. now owns 152 shares of the industrial products company’s stock valued at $43,000 after buying an additional 105 shares during the last quarter. Finally, Ameritas Advisory Services LLC bought a new position in shares of Valmont Industries during the 2nd quarter worth approximately $46,000. 87.84% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on VMI shares. 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 price target on the stock. DA Davidson upped their price objective on shares of Valmont Industries from $400.00 to $415.00 and gave the company a “neutral” rating in a report on Wednesday, October 22nd. Wall Street Zen upgraded shares of Valmont Industries from a “hold” rating to a “buy” rating in a research note on Sunday, October 19th. Stifel Nicolaus lifted their target price on shares of Valmont Industries from $475.00 to $491.00 and gave the stock a “buy” rating in a report on Tuesday, December 16th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Valmont Industries in a research note on Monday. 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, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $462.00.

Insider Transactions at Valmont Industries

In related news, insider James Christopher Colwell sold 375 shares of the stock in a transaction that occurred 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 sale, the insider owned 7,286 shares of the company’s stock, valued at $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 SEC, which is available through the SEC website. 1.50% of the stock is owned by corporate insiders.

Valmont Industries Trading Down 1.1%

VMI stock opened at $412.92 on Friday. Valmont Industries, Inc. has a 52 week low of $250.07 and a 52 week high of $432.68. The company has a market capitalization of $8.13 billion, a PE ratio of 35.57 and a beta of 1.20. The company’s 50-day simple moving average is $409.20 and its 200 day simple moving average is $378.56. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.50 and a current ratio of 2.26.

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

Valmont Industries Dividend Announcement

The business also recently declared 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. This represents a $2.72 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Friday, December 26th. Valmont Industries’s payout ratio is 23.43%.

About Valmont Industries

Valmont Industries, Inc (NYSE: VMI) is a diversified industrial manufacturer specializing in infrastructure and agricultural products. Headquartered in Omaha, Nebraska, the company engages in the design, production and distribution of engineered products that support water management, power transmission, lighting and traffic infrastructure. Valmont’s solutions range from center-pivot and lateral-move irrigation systems to utility poles, transmission towers, lighting structures and highway traffic signal support structures.

The company operates through several core business segments.