Valmont Industries, Inc. $VMI Shares Acquired by D.B. Root & Company LLC

D.B. Root & Company LLC increased its position in Valmont Industries, Inc. (NYSE:VMI) by 1.6% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,685 shares of the industrial products company’s stock after purchasing an additional 41 shares during the period. D.B. Root & Company LLC’s holdings in Valmont Industries were worth $877,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. WPG Advisers LLC acquired a new position in Valmont Industries in the first quarter worth about $27,000. Smartleaf Asset Management LLC grew 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 worth $31,000 after purchasing an additional 50 shares in the last quarter. Geneos Wealth Management Inc. grew its stake in Valmont Industries by 223.4% in the first quarter. Geneos Wealth Management Inc. now owns 152 shares of the industrial products company’s stock worth $43,000 after purchasing an additional 105 shares in the last quarter. Ameritas Advisory Services LLC acquired a new position in Valmont Industries in the second quarter worth about $46,000. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new position in Valmont Industries in the second quarter worth about $47,000. 87.84% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Valmont Industries

In related news, CAO Timothy P. Francis sold 2,867 shares of the business’s stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $358.52, for a total transaction of $1,027,876.84. Following the sale, the chief accounting officer owned 9,746 shares of the company’s stock, valued at $3,494,135.92. The trade was a 22.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.50% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on VMI shares. DA Davidson raised their target price on shares of Valmont Industries from $380.00 to $400.00 and gave the stock a “neutral” rating in a report on Wednesday, July 23rd. Stifel Nicolaus raised their target price on shares of Valmont Industries from $345.00 to $382.00 and gave the stock a “buy” rating in a report on Monday, July 21st. Weiss Ratings reissued a “hold (c)” rating on shares of Valmont Industries in a report on Saturday, September 27th. Wall Street Zen raised shares of Valmont Industries from a “hold” rating to a “buy” rating in a report on Friday. Finally, 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 target price on the stock. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $420.67.

Valmont Industries Stock Performance

VMI opened at $394.46 on Monday. The business’s 50 day moving average is $373.69 and its 200-day moving average is $333.56. The stock has a market cap of $7.79 billion, a PE ratio of 36.73 and a beta of 1.15. The company has a current ratio of 2.15, a quick ratio of 1.44 and a debt-to-equity ratio of 0.48. Valmont Industries, Inc. has a twelve month low of $250.07 and a twelve month high of $397.30.

Valmont Industries (NYSE:VMI) last released its quarterly earnings results on Tuesday, July 22nd. The industrial products company reported $4.88 earnings per share for the quarter, beating analysts’ consensus estimates of $4.78 by $0.10. The company had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.03 billion. Valmont Industries had a return on equity of 22.10% and a net margin of 5.98%.The business’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.91 earnings per share. Valmont Industries has set its FY 2025 guidance at 17.500-19.500 EPS. On average, analysts predict that Valmont Industries, Inc. will post 18.07 earnings per share for the current year.

Valmont Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Friday, September 26th will be issued a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Friday, September 26th. Valmont Industries’s payout ratio is 25.33%.

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.