Valmont Industries, Inc. $VMI Shares Sold by Shelton Capital Management

Shelton Capital Management cut its holdings in shares of Valmont Industries, Inc. (NYSE:VMI) by 29.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,780 shares of the industrial products company’s stock after selling 2,025 shares during the quarter. Shelton Capital Management’s holdings in Valmont Industries were worth $1,561,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Cetera Investment Advisers boosted its holdings in shares of Valmont Industries by 2.1% during the 1st quarter. Cetera Investment Advisers now owns 8,219 shares of the industrial products company’s stock worth $2,345,000 after purchasing an additional 172 shares during the last quarter. Mackenzie Financial Corp boosted its stake in Valmont Industries by 170.6% during the first quarter. Mackenzie Financial Corp now owns 4,613 shares of the industrial products company’s stock worth $1,316,000 after buying an additional 2,908 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in Valmont Industries by 5.1% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,616 shares of the industrial products company’s stock valued at $461,000 after buying an additional 78 shares in the last quarter. Blair William & Co. IL raised its holdings in shares of Valmont Industries by 3.3% during the 1st quarter. Blair William & Co. IL now owns 48,787 shares of the industrial products company’s stock worth $13,922,000 after acquiring an additional 1,568 shares during the period. Finally, New Age Alpha Advisors LLC acquired a new position in shares of Valmont Industries during the 1st quarter valued at about $82,000. Institutional investors and hedge funds own 87.84% of the company’s stock.

Valmont Industries Stock Down 2.2%

Shares of NYSE:VMI opened at $403.76 on Tuesday. The firm has a market capitalization of $7.95 billion, a PE ratio of 34.78 and a beta of 1.21. Valmont Industries, Inc. has a 1 year low of $250.07 and a 1 year high of $427.81. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.26 and a quick ratio of 1.50. The firm’s 50-day moving average is $400.91 and its two-hundred day moving average is $366.66.

Valmont Industries (NYSE:VMI) last announced its quarterly earnings data 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. The firm 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 quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $4.11 earnings per share. Valmont Industries has set its FY 2025 guidance at 18.700-19.50 EPS. Analysts predict that Valmont Industries, Inc. will post 18.07 EPS for the current year.

Valmont Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Friday, December 26th will be paid a dividend of $0.68 per share. This represents a $2.72 annualized dividend 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%.

Insiders Place Their Bets

In other Valmont Industries news, insider James Christopher Colwell sold 375 shares of the stock in a transaction dated 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 owned 7,286 shares of the company’s stock, valued at $2,992,214.48. This trade represents a 4.89% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.50% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on VMI shares. Wall Street Zen raised shares of Valmont Industries from a “hold” rating to a “buy” rating in a research note on Sunday, October 19th. JPMorgan Chase & Co. began coverage on Valmont Industries in a research note on Friday, September 26th. They set an “overweight” rating and a $480.00 target price for the company. Stifel Nicolaus upped their price target on Valmont Industries from $400.00 to $450.00 and gave the company a “buy” rating in a research note on Monday, October 20th. Weiss Ratings reissued a “hold (c+)” rating on shares of Valmont Industries in a research report on Tuesday, November 25th. Finally, DA Davidson upped their target price on shares of Valmont Industries from $400.00 to $415.00 and gave the company a “neutral” rating in a research report on Wednesday, October 22nd. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Valmont Industries has a consensus rating of “Moderate Buy” and a consensus target price 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.