Abacus FCF Advisors LLC Takes $5.63 Million Position in Valmont Industries, Inc. $VMI

Abacus FCF Advisors LLC purchased a new stake in shares of Valmont Industries, Inc. (NYSE:VMI) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 14,516 shares of the industrial products company’s stock, valued at approximately $5,628,000. Abacus FCF Advisors LLC owned 0.07% of Valmont Industries as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. WPG Advisers LLC purchased a new stake in shares of Valmont Industries in the first quarter valued at $27,000. Farther Finance Advisors LLC raised its position in Valmont Industries by 357.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 96 shares of the industrial products company’s stock worth $37,000 after purchasing an additional 75 shares during the period. Parkside Financial Bank & Trust lifted 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 worth $42,000 after purchasing an additional 62 shares during the last quarter. Ameritas Advisory Services LLC purchased a new position in shares of Valmont Industries during the second quarter valued at approximately $46,000. Finally, Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Valmont Industries during the second quarter valued at approximately $47,000. 87.84% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Valmont Industries

In other news, insider James Christopher Colwell sold 375 shares of Valmont Industries stock in a transaction on Thursday, October 23rd. The stock was sold at an average price of $410.68, for a total value 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 trade represents a 4.89% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 1.50% of the company’s stock.

Valmont Industries Stock Down 0.7%

NYSE:VMI opened at $409.19 on Tuesday. 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 $432.68. The company has a 50-day moving average of $409.22 and a 200 day moving average of $379.94. The firm has a market cap of $8.06 billion, a PE ratio of 35.24 and a beta of 1.20.

Valmont Industries (NYSE:VMI) last posted its quarterly earnings results on Tuesday, October 21st. The industrial products company reported $4.98 EPS 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 business had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.03 billion. During the same quarter in the previous year, the business posted $4.11 EPS. The company’s quarterly revenue 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. As a group, research analysts anticipate that Valmont Industries, Inc. will post 18.07 EPS for the current fiscal year.

Valmont Industries Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on VMI shares. Weiss Ratings reissued a “hold (c+)” rating on shares of Valmont Industries in a research note on Monday, December 22nd. Wall Street Zen upgraded Valmont Industries from a “hold” rating to a “buy” rating in a research note on Sunday, October 19th. DA Davidson boosted their target price 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. JPMorgan Chase & Co. started coverage on shares of Valmont Industries in a report on Friday, September 26th. They issued an “overweight” rating and a $480.00 price target on the stock. Finally, Stifel Nicolaus lifted their price objective on shares of Valmont Industries from $475.00 to $491.00 and gave the company a “buy” rating in a report on Tuesday, December 16th. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $462.00.

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.