Legal & General Group Plc Has $14.31 Million Holdings in Valmont Industries, Inc. $VMI

Legal & General Group Plc grew its stake in Valmont Industries, Inc. (NYSE:VMI) by 2.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 43,811 shares of the industrial products company’s stock after acquiring an additional 1,042 shares during the period. Legal & General Group Plc owned 0.22% of Valmont Industries worth $14,307,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Envestnet Portfolio Solutions Inc. increased its holdings in shares of Valmont Industries by 4.7% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 843 shares of the industrial products company’s stock valued at $275,000 after purchasing an additional 38 shares in the last quarter. D.B. Root & Company LLC raised its position in shares of Valmont Industries by 1.6% during the second quarter. D.B. Root & Company LLC now owns 2,685 shares of the industrial products company’s stock worth $877,000 after acquiring an additional 41 shares during the last quarter. Smartleaf Asset Management LLC lifted its stake in shares of Valmont Industries by 87.7% during the first quarter. Smartleaf Asset Management LLC now owns 107 shares of the industrial products company’s stock valued at $31,000 after acquiring an additional 50 shares during the period. Vestcor Inc boosted 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 acquiring an additional 51 shares during the last quarter. Finally, Janney Montgomery Scott LLC increased its position in Valmont Industries by 4.0% in the second quarter. Janney Montgomery Scott LLC now owns 1,549 shares of the industrial products company’s stock worth $506,000 after purchasing an additional 59 shares during the period. 87.84% of the stock is owned by institutional investors.

Valmont Industries Stock Up 0.7%

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. The firm has a 50 day moving average price of $400.35 and a 200 day moving average price of $365.72. 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, Inc. has a 52-week low of $250.07 and a 52-week high of $427.81.

Valmont Industries (NYSE:VMI) last posted its earnings results 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. Valmont Industries had a net margin of 6.33% and a return on equity of 22.92%. The company had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same period last year, the business posted $4.11 earnings per share. The business’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. Analysts expect that Valmont Industries, Inc. will post 18.07 EPS for the current year.

Valmont Industries Dividend Announcement

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

Insider Activity

In other news, insider James Christopher Colwell sold 375 shares of the firm’s 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 sale, the insider owned 7,286 shares of the company’s stock, valued at $2,992,214.48. This trade represents a 4.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.50% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several analysts have weighed in on VMI shares. DA Davidson boosted their price objective on Valmont Industries from $400.00 to $415.00 and gave the stock a “neutral” rating in a report on Wednesday, October 22nd. Weiss Ratings reissued a “hold (c+)” rating on shares of Valmont Industries in a research note on Tuesday. Wall Street Zen upgraded shares of Valmont Industries from a “hold” rating to a “buy” rating in a report on Sunday, October 19th. Stifel Nicolaus lifted their target price on shares of Valmont Industries from $400.00 to $450.00 and gave the stock a “buy” rating in a report on Monday, October 20th. 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 target price 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. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $448.33.

Valmont Industries Company 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.