Police & Firemen s Retirement System of New Jersey Grows Holdings in Valmont Industries, Inc. $VMI

Police & Firemen s Retirement System of New Jersey boosted its holdings in shares of Valmont Industries, Inc. (NYSE:VMI) by 5.4% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 7,590 shares of the industrial products company’s stock after purchasing an additional 391 shares during the period. Police & Firemen s Retirement System of New Jersey’s holdings in Valmont Industries were worth $2,479,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in VMI. Dimensional Fund Advisors LP boosted its stake in shares of Valmont Industries by 1.1% during the first quarter. Dimensional Fund Advisors LP now owns 429,900 shares of the industrial products company’s stock worth $122,682,000 after buying an additional 4,722 shares during the period. Geode Capital Management LLC raised its stake in Valmont Industries by 0.4% during the 2nd quarter. Geode Capital Management LLC now owns 354,241 shares of the industrial products company’s stock valued at $115,704,000 after acquiring an additional 1,321 shares during the last quarter. Allianz Asset Management GmbH lifted its position in Valmont Industries by 2.0% during the 2nd quarter. Allianz Asset Management GmbH now owns 280,361 shares of the industrial products company’s stock worth $91,557,000 after acquiring an additional 5,592 shares during the period. Northern Trust Corp grew its stake in shares of Valmont Industries by 7.3% in the 1st quarter. Northern Trust Corp now owns 216,253 shares of the industrial products company’s stock valued at $61,712,000 after purchasing an additional 14,694 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. grew its stake in shares of Valmont Industries by 42.9% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 187,765 shares of the industrial products company’s stock valued at $61,318,000 after purchasing an additional 56,380 shares during the last quarter. 87.84% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Valmont Industries

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. 1.50% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on VMI shares. Stifel Nicolaus increased their price target on Valmont Industries from $400.00 to $450.00 and gave the stock a “buy” rating in a report on Monday, October 20th. Weiss Ratings restated a “hold (c+)” rating on shares of Valmont Industries in a research report on Thursday, November 13th. Wall Street Zen raised shares of Valmont Industries from a “hold” rating to a “buy” rating in a report on Sunday, October 19th. DA Davidson increased their price target on shares of Valmont Industries from $400.00 to $415.00 and gave the stock a “neutral” rating in a report on Wednesday, October 22nd. Finally, JPMorgan Chase & Co. initiated coverage on Valmont Industries in a report on Friday, September 26th. They issued an “overweight” rating and a $480.00 price objective on the stock. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $448.33.

Valmont Industries Stock Performance

Shares of VMI opened at $386.95 on Wednesday. The company has a quick ratio of 1.50, a current ratio of 2.26 and a debt-to-equity ratio of 0.46. Valmont Industries, Inc. has a 52-week low of $250.07 and a 52-week high of $427.81. The company has a 50-day simple moving average of $396.62 and a 200-day simple moving average of $361.03. The company has a market capitalization of $7.62 billion, a PE ratio of 33.33 and a beta of 1.21.

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

Valmont Industries Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders 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 dividend yield of 0.7%. The ex-dividend date of this dividend is Friday, December 26th. Valmont Industries’s payout ratio is 23.43%.

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.