Vestmark Advisory Solutions Inc. Invests $240,000 in Valmont Industries, Inc. $VMI

Vestmark Advisory Solutions Inc. bought a new position in Valmont Industries, Inc. (NYSE:VMI) in the second quarter, Holdings Channel.com reports. The institutional investor bought 734 shares of the industrial products company’s stock, valued at approximately $240,000.

Other institutional investors have also modified their holdings of the company. WPG Advisers LLC acquired a new stake in Valmont Industries in the first quarter valued at approximately $27,000. Smartleaf Asset Management LLC grew its stake in Valmont Industries by 87.7% during the 1st quarter. Smartleaf Asset Management LLC now owns 107 shares of the industrial products company’s stock worth $31,000 after buying an additional 50 shares during the last quarter. Geneos Wealth Management Inc. raised its stake in Valmont Industries by 223.4% in the 1st quarter. Geneos Wealth Management Inc. now owns 152 shares of the industrial products company’s stock worth $43,000 after acquiring an additional 105 shares during the last quarter. Ameritas Advisory Services LLC acquired a new position in Valmont Industries in the 2nd quarter worth approximately $46,000. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new stake in Valmont Industries during the 2nd quarter valued at approximately $47,000. 87.84% of the stock is currently owned by institutional investors.

Valmont Industries Stock Down 0.3%

VMI stock opened at $409.09 on Thursday. The company has a market cap of $8.06 billion, a price-to-earnings ratio of 35.20 and a beta of 1.21. The company has a fifty day moving average price of $395.28 and a 200 day moving average price of $357.92. 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 12 month low of $250.07 and a 12 month high of $427.81.

Valmont Industries (NYSE:VMI) last issued its quarterly earnings results on Tuesday, October 21st. The industrial products company reported $4.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.64 by $0.34. Valmont Industries had a return on equity of 22.92% and a net margin of 6.33%.The firm had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.03 billion. During the same quarter in the previous year, the firm posted $4.11 EPS. The firm’s revenue for the quarter was up 2.5% on a year-over-year basis. Valmont Industries has set its FY 2025 guidance at 18.700-19.50 EPS. Sell-side analysts expect that Valmont Industries, Inc. will post 18.07 earnings per share for the current year.

Valmont Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Investors 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 dividend payout ratio is presently 23.43%.

Analyst Ratings Changes

A number of equities analysts have commented on VMI shares. Weiss Ratings reissued a “hold (c)” rating on shares of Valmont Industries in a report on Wednesday, October 8th. Stifel Nicolaus increased their target price on shares of Valmont Industries from $400.00 to $450.00 and gave the company a “buy” rating in a research report on Monday, October 20th. JPMorgan Chase & Co. initiated coverage on Valmont Industries in a research report on Friday, September 26th. They issued an “overweight” rating and a $480.00 price target for the company. DA Davidson raised their price objective on Valmont Industries from $400.00 to $415.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 22nd. Finally, Wall Street Zen upgraded shares of Valmont Industries from a “hold” rating to a “buy” rating in a research report on Sunday, October 19th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $448.33.

Insiders Place Their Bets

In other Valmont Industries news, insider James Christopher Colwell sold 375 shares of Valmont Industries stock in a transaction dated Thursday, October 23rd. The shares were sold at an average price of $410.68, for a total transaction of $154,005.00. Following the completion of the transaction, the insider owned 7,286 shares in the company, valued at approximately $2,992,214.48. The trade was a 4.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 1.50% of the company’s stock.

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.