Robeco Institutional Asset Management B.V. Has $1.80 Million Holdings in Valmont Industries, Inc. $VMI

Robeco Institutional Asset Management B.V. lessened its stake in Valmont Industries, Inc. (NYSE:VMI) by 2.1% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,514 shares of the industrial products company’s stock after selling 121 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Valmont Industries were worth $1,801,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Price T Rowe Associates Inc. MD grew its position in Valmont Industries by 759.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 172,967 shares of the industrial products company’s stock valued at $49,361,000 after acquiring an additional 152,832 shares during the last quarter. Allianz Asset Management GmbH grew its position in Valmont Industries by 118.0% in the first quarter. Allianz Asset Management GmbH now owns 274,769 shares of the industrial products company’s stock valued at $78,411,000 after acquiring an additional 148,740 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt grew its holdings in shares of Valmont Industries by 5,815.0% during the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 70,980 shares of the industrial products company’s stock worth $25,179,000 after purchasing an additional 69,780 shares during the last quarter. Nuveen LLC bought a new stake in shares of Valmont Industries during the first quarter worth about $16,519,000. Finally, Millennium Management LLC grew its holdings in shares of Valmont Industries by 225.1% during the first quarter. Millennium Management LLC now owns 67,630 shares of the industrial products company’s stock worth $19,300,000 after purchasing an additional 46,825 shares during the last quarter. Institutional investors and hedge funds own 87.84% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on VMI shares. Weiss Ratings restated a “hold (c)” rating on shares of Valmont Industries in a report on Saturday, September 27th. DA Davidson boosted their price target on Valmont Industries from $380.00 to $400.00 and gave the stock a “neutral” rating in a report on Wednesday, July 23rd. JPMorgan Chase & Co. assumed coverage on Valmont Industries in a report on Friday, September 26th. They issued an “overweight” rating and a $480.00 target price on the stock. Stifel Nicolaus upped their target price on Valmont Industries from $345.00 to $382.00 and gave the company a “buy” rating in a report on Monday, July 21st. Finally, Wall Street Zen upgraded Valmont Industries from a “hold” rating to a “buy” rating in a report on Friday, October 3rd. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Valmont Industries has a consensus rating of “Moderate Buy” and a consensus price target of $420.67.

Insider Buying and Selling at Valmont Industries

In other news, CAO Timothy P. Francis sold 2,867 shares of Valmont Industries stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $358.52, for a total value of $1,027,876.84. Following the sale, the chief accounting officer directly owned 9,746 shares in the company, valued at approximately $3,494,135.92. This trade represents a 22.73% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.50% of the company’s stock.

Valmont Industries Trading Down 0.9%

NYSE VMI opened at $396.67 on Wednesday. The firm has a market capitalization of $7.83 billion, a P/E ratio of 36.93 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. The business has a fifty day simple moving average of $375.23 and a 200 day simple moving average of $334.80. Valmont Industries, Inc. has a 12 month low of $250.07 and a 12 month high of $403.87.

Valmont Industries (NYSE:VMI) last posted its quarterly earnings results on Tuesday, July 22nd. The industrial products company reported $4.88 earnings per share for the quarter, topping the consensus estimate of $4.78 by $0.10. The company had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.03 billion. Valmont Industries had a return on equity of 22.10% and a net margin of 5.98%.The firm’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $4.91 EPS. 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 EPS for the current fiscal year.

Valmont Industries Dividend Announcement

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

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.