Valmont Industries, Inc. $VMI Shares Purchased by Intech Investment Management LLC

Intech Investment Management LLC raised its stake in shares of Valmont Industries, Inc. (NYSE:VMI) by 91.0% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 10,997 shares of the industrial products company’s stock after acquiring an additional 5,238 shares during the period. Intech Investment Management LLC’s holdings in Valmont Industries were worth $3,591,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Dimensional Fund Advisors LP lifted its stake in shares of Valmont Industries by 1.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 429,900 shares of the industrial products company’s stock valued at $122,682,000 after purchasing an additional 4,722 shares during the period. Geode Capital Management LLC grew its position in Valmont Industries by 0.4% during the second quarter. Geode Capital Management LLC now owns 354,241 shares of the industrial products company’s stock valued at $115,704,000 after buying an additional 1,321 shares during the period. Impax Asset Management Group plc increased its holdings in Valmont Industries by 0.8% in the second quarter. Impax Asset Management Group plc now owns 313,588 shares of the industrial products company’s stock valued at $102,408,000 after buying an additional 2,500 shares in the last quarter. Allianz Asset Management GmbH raised its position 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 worth $91,557,000 after acquiring an additional 5,592 shares during the period. Finally, Northern Trust Corp raised its position in shares of Valmont Industries by 7.3% in the first quarter. Northern Trust Corp now owns 216,253 shares of the industrial products company’s stock worth $61,712,000 after acquiring an additional 14,694 shares during the period. Institutional investors and hedge funds own 87.84% of the company’s stock.

Insider Buying and Selling

In related news, insider James Christopher Colwell sold 375 shares of the stock in a transaction on 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 sale, the insider owned 7,286 shares in the company, valued at $2,992,214.48. This represents a 4.89% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.50% of the stock is currently owned by company insiders.

Valmont Industries Stock Performance

NYSE VMI opened at $386.95 on Wednesday. Valmont Industries, Inc. has a 1-year low of $250.07 and a 1-year high of $427.81. The company has a market cap of $7.62 billion, a P/E ratio of 33.33 and a beta of 1.21. 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 stock has a 50-day moving average of $396.62 and a two-hundred day moving average of $361.03.

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

Valmont Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Friday, December 26th will be issued 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 of this dividend is Friday, December 26th. Valmont Industries’s payout ratio is presently 23.43%.

Analyst Upgrades and Downgrades

VMI has been the topic of a number of recent analyst reports. Wall Street Zen upgraded Valmont Industries from a “hold” rating to a “buy” rating in a research report on Sunday, October 19th. Stifel Nicolaus increased their target price on Valmont Industries from $400.00 to $450.00 and gave the company a “buy” rating in a research report on Monday, October 20th. DA Davidson boosted 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. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Valmont Industries in a report on Thursday, November 13th. Finally, JPMorgan Chase & Co. initiated coverage on shares of Valmont Industries in a research report on Friday, September 26th. They issued an “overweight” rating and a $480.00 target price on the stock. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $448.33.

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.