Valmont Industries, Inc. $VMI Stake Increased by Kennedy Capital Management LLC

Kennedy Capital Management LLC raised its stake in shares of Valmont Industries, Inc. (NYSE:VMI) by 22.0% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 117,604 shares of the industrial products company’s stock after buying an additional 21,222 shares during the quarter. Valmont Industries comprises 0.9% of Kennedy Capital Management LLC’s portfolio, making the stock its 5th largest holding. Kennedy Capital Management LLC owned approximately 0.60% of Valmont Industries worth $38,406,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of VMI. Envestnet Portfolio Solutions Inc. increased its holdings in Valmont Industries by 4.7% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 843 shares of the industrial products company’s stock worth $275,000 after acquiring an additional 38 shares during the period. D.B. Root & Company LLC grew its position in shares of Valmont Industries by 1.6% during the 2nd quarter. D.B. Root & Company LLC now owns 2,685 shares of the industrial products company’s stock valued at $877,000 after purchasing an additional 41 shares in the last quarter. Smartleaf Asset Management LLC increased its holdings in shares of Valmont Industries by 87.7% in the first quarter. Smartleaf Asset Management LLC now owns 107 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 50 shares during the period. Janney Montgomery Scott LLC raised its position in shares of Valmont Industries by 4.0% in the second quarter. Janney Montgomery Scott LLC now owns 1,549 shares of the industrial products company’s stock worth $506,000 after buying an additional 59 shares in the last quarter. Finally, Parkside Financial Bank & Trust boosted its stake in Valmont Industries by 93.9% during the second quarter. Parkside Financial Bank & Trust now owns 128 shares of the industrial products company’s stock valued at $42,000 after buying an additional 62 shares during the period. 87.84% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider James Christopher Colwell sold 375 shares of the stock in a transaction that occurred on Thursday, October 23rd. The stock was 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 of the company’s stock, valued at approximately $2,992,214.48. This represents a 4.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.50% of the company’s stock.

Valmont Industries Price Performance

VMI stock opened at $413.89 on Thursday. The firm has a market cap of $8.15 billion, a P/E ratio of 35.65 and a beta of 1.20. The firm’s fifty day moving average is $402.44 and its 200 day moving average is $367.56. Valmont Industries, Inc. has a 52 week low of $250.07 and a 52 week high of $427.81. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.50 and a current ratio of 2.26.

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 the consensus estimate of $4.64 by $0.34. The business had revenue of $1.05 billion during the quarter, compared to analyst estimates 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 was up 2.5% on a year-over-year basis. During the same period in the prior year, the business posted $4.11 earnings per share. Valmont Industries has set its FY 2025 guidance at 18.700-19.50 EPS. Research analysts predict that Valmont Industries, Inc. will post 18.07 earnings per share for the current year.

Valmont Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders 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 payout ratio is 23.43%.

Wall Street Analyst Weigh In

VMI has been the topic of several recent analyst reports. JPMorgan Chase & Co. assumed coverage on Valmont Industries in a report on Friday, September 26th. They issued an “overweight” rating and a $480.00 price target on the stock. Stifel Nicolaus upped their price objective on shares of Valmont Industries from $400.00 to $450.00 and gave the stock a “buy” rating in a research report on Monday, October 20th. DA Davidson lifted their target price on shares of Valmont Industries from $400.00 to $415.00 and gave the company a “neutral” rating in a research report on Wednesday, October 22nd. Wall Street Zen raised shares of Valmont Industries from a “hold” rating to a “buy” rating in a report on Sunday, October 19th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Valmont Industries in a research report on Monday. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Valmont Industries has a consensus rating of “Moderate Buy” and an average 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.