Seizert Capital Partners LLC Boosts Stock Position in Valmont Industries, Inc. $VMI

Seizert Capital Partners LLC grew its holdings in shares of Valmont Industries, Inc. (NYSE:VMI) by 62.5% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,864 shares of the industrial products company’s stock after buying an additional 3,792 shares during the period. Seizert Capital Partners LLC’s holdings in Valmont Industries were worth $3,221,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in the business. Portside Wealth Group LLC lifted its stake in Valmont Industries by 32.3% during the second quarter. Portside Wealth Group LLC now owns 1,242 shares of the industrial products company’s stock worth $406,000 after purchasing an additional 303 shares during the last quarter. Duff & Phelps Investment Management Co. raised its holdings in Valmont Industries by 153.8% during the second quarter. Duff & Phelps Investment Management Co. now owns 44,449 shares of the industrial products company’s stock worth $14,516,000 after purchasing an additional 26,934 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH raised its holdings in Valmont Industries by 32.7% during the second quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 4,547 shares of the industrial products company’s stock worth $1,485,000 after purchasing an additional 1,120 shares in the last quarter. Integrated Quantitative Investments LLC purchased a new stake in shares of Valmont Industries during the 2nd quarter worth approximately $1,082,000. Finally, Intech Investment Management LLC boosted its holdings in shares of Valmont Industries by 91.0% in the 2nd quarter. Intech Investment Management LLC now owns 10,997 shares of the industrial products company’s stock valued at $3,591,000 after buying an additional 5,238 shares in the last quarter. 87.84% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Valmont Industries

In related news, insider James Christopher Colwell sold 375 shares of Valmont Industries stock in a transaction on Thursday, October 23rd. The shares were sold at an average price of $410.68, for a total value of $154,005.00. Following the transaction, the insider directly owned 7,286 shares in the company, valued at $2,992,214.48. This trade represents a 4.89% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 1.50% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

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

Valmont Industries Stock Performance

NYSE 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 business’s 50-day moving average price is $396.62 and its 200 day moving average price is $361.03. The firm has a market cap of $7.62 billion, a P/E ratio of 33.33 and a beta of 1.21.

Valmont Industries (NYSE:VMI) last posted its quarterly earnings data 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 return on equity of 22.92% and a net margin of 6.33%.The firm had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.03 billion. During the same period in the prior year, the business earned $4.11 EPS. The firm’s revenue 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. On average, equities research analysts expect that Valmont Industries, Inc. will post 18.07 earnings per share for the current year.

Valmont Industries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Friday, December 26th will be issued a dividend of $0.68 per share. The ex-dividend date of this dividend is Friday, December 26th. This represents a $2.72 annualized dividend and a dividend yield of 0.7%. Valmont Industries’s dividend payout ratio (DPR) is currently 23.43%.

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.