VIRGINIA RETIREMENT SYSTEMS ET Al Purchases Shares of 6,700 Valmont Industries, Inc. $VMI

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in Valmont Industries, Inc. (NYSE:VMI) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,700 shares of the industrial products company’s stock, valued at approximately $2,188,000.

Several other institutional investors also recently modified their holdings of the stock. Koshinski Asset Management Inc. bought a new position in shares of Valmont Industries in the second quarter valued at $204,000. Nordea Investment Management AB increased its holdings in shares of Valmont Industries by 3.9% in the second quarter. Nordea Investment Management AB now owns 22,035 shares of the industrial products company’s stock valued at $7,308,000 after buying an additional 828 shares in the last quarter. Allianz Asset Management GmbH increased its holdings in shares of Valmont Industries by 2.0% in the second quarter. Allianz Asset Management GmbH now owns 280,361 shares of the industrial products company’s stock valued at $91,557,000 after buying an additional 5,592 shares in the last quarter. Ritholtz Wealth Management raised its stake in Valmont Industries by 92.8% during the 2nd quarter. Ritholtz Wealth Management now owns 3,843 shares of the industrial products company’s stock valued at $1,255,000 after purchasing an additional 1,850 shares during the period. Finally, NorthRock Partners LLC acquired a new stake in Valmont Industries during the 2nd quarter valued at $231,000. Institutional investors own 87.84% of the company’s stock.

Insider Buying and Selling at Valmont Industries

In other news, CAO Timothy P. Francis sold 2,867 shares of the company’s stock in a transaction on Friday, August 1st. The shares were sold at an average price of $358.52, for a total value of $1,027,876.84. Following the transaction, the chief accounting officer directly owned 9,746 shares of the company’s stock, valued at approximately $3,494,135.92. This represents a 22.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 1.50% of the company’s stock.

Valmont Industries Price Performance

Shares of NYSE:VMI opened at $415.00 on Wednesday. The company’s fifty day moving average is $382.69 and its two-hundred day moving average is $342.72. The company has a quick ratio of 1.44, a current ratio of 2.15 and a debt-to-equity ratio of 0.48. Valmont Industries, Inc. has a 12-month low of $250.07 and a 12-month high of $418.90. The company has a market cap of $8.19 billion, a P/E ratio of 38.64 and a beta of 1.15.

Valmont Industries (NYSE:VMI) last posted its quarterly earnings results on Tuesday, October 21st. The industrial products company reported $4.98 earnings per share for the quarter, topping analysts’ consensus estimates of $4.64 by $0.34. Valmont Industries had a net margin of 5.98% and a return on equity of 22.10%. The business had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same period in the prior year, the business posted $4.11 earnings per share. Valmont Industries’s revenue for the quarter 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. Equities analysts expect that Valmont Industries, Inc. will post 18.07 earnings per share for the current fiscal year.

Valmont Industries Dividend Announcement

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

Analyst Ratings Changes

Several brokerages have issued reports on VMI. Weiss Ratings reissued a “hold (c)” rating on shares of Valmont Industries in a research note on Wednesday, October 8th. Stifel Nicolaus boosted their target price on shares of Valmont Industries from $400.00 to $450.00 and gave the company a “buy” rating in a research note on Monday. JPMorgan Chase & Co. began coverage on shares of Valmont Industries in a research note on Friday, September 26th. They set an “overweight” rating and a $480.00 target price on the stock. DA Davidson boosted their target price on shares of Valmont Industries from $380.00 to $400.00 and gave the company a “neutral” rating in a research note on Wednesday, July 23rd. Finally, Wall Street Zen raised shares of Valmont Industries from a “hold” rating to a “buy” rating in a research note on Sunday. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, Valmont Industries currently has a consensus rating of “Moderate Buy” and an average price target of $443.33.

About Valmont Industries

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.