River Road Asset Management LLC Purchases 29,410 Shares of Valmont Industries, Inc. $VMI

River Road Asset Management LLC increased its position in shares of Valmont Industries, Inc. (NYSE:VMI) by 151.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 48,774 shares of the industrial products company’s stock after buying an additional 29,410 shares during the quarter. River Road Asset Management LLC owned about 0.25% of Valmont Industries worth $15,928,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Envestnet Portfolio Solutions Inc. lifted its stake 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 buying an additional 38 shares in the last quarter. D.B. Root & Company LLC lifted its position in Valmont Industries by 1.6% in the 2nd quarter. D.B. Root & Company LLC now owns 2,685 shares of the industrial products company’s stock valued at $877,000 after acquiring an additional 41 shares in the last quarter. Smartleaf Asset Management LLC lifted its position in Valmont Industries by 87.7% in the 1st 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 in the last quarter. Janney Montgomery Scott LLC boosted its stake in Valmont Industries by 4.0% during the 2nd quarter. Janney Montgomery Scott LLC now owns 1,549 shares of the industrial products company’s stock valued at $506,000 after purchasing an additional 59 shares during the last quarter. Finally, Parkside Financial Bank & Trust increased its holdings in Valmont Industries by 93.9% during the 2nd 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 in the last quarter. Institutional investors own 87.84% of the company’s stock.

Insider Transactions at Valmont Industries

In other Valmont Industries news, insider James Christopher Colwell sold 375 shares of the business’s 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 sale, the insider directly owned 7,286 shares in the company, valued at $2,992,214.48. The trade was 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.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Wall Street Zen upgraded Valmont Industries from a “hold” rating to a “buy” rating in a report on Sunday, October 19th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Valmont Industries in a research note on Tuesday, November 25th. DA Davidson increased their target price 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. Stifel Nicolaus boosted their price target 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. started coverage on shares of Valmont Industries in a research note on Friday, September 26th. They issued 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 given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $448.33.

Valmont Industries Stock Performance

NYSE VMI opened at $403.76 on Tuesday. The company has a market capitalization of $7.95 billion, a PE ratio of 34.78 and a beta of 1.21. 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. The company has a 50-day simple moving average of $400.91 and a 200 day simple moving average of $366.66.

Valmont Industries (NYSE:VMI) last released its earnings results on Tuesday, October 21st. The industrial products company reported $4.98 earnings per share for the quarter, beating 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 firm had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.03 billion. During the same period in the prior year, the firm earned $4.11 EPS. The company’s 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. On average, research analysts predict that Valmont Industries, Inc. will post 18.07 EPS for the current year.

Valmont Industries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Friday, December 26th will be given 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 dividend payout ratio (DPR) is currently 23.43%.

Valmont Industries 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.