Valmont Industries, Inc. $VMI Shares Bought by Bayforest Capital Ltd

Bayforest Capital Ltd lifted its holdings in shares of Valmont Industries, Inc. (NYSE:VMI) by 123.6% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,936 shares of the industrial products company’s stock after buying an additional 1,070 shares during the period. Bayforest Capital Ltd’s holdings in Valmont Industries were worth $552,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Beverly Hills Private Wealth LLC raised its position in shares of Valmont Industries by 3.8% during the 1st quarter. Beverly Hills Private Wealth LLC now owns 1,169 shares of the industrial products company’s stock worth $334,000 after purchasing an additional 43 shares during the period. Smartleaf Asset Management LLC boosted its position in shares of Valmont Industries by 87.7% during the first quarter. Smartleaf Asset Management LLC now owns 107 shares of the industrial products company’s stock worth $31,000 after buying an additional 50 shares during the period. Vestcor Inc grew its holdings in Valmont Industries by 2.0% in the 1st quarter. Vestcor Inc now owns 2,651 shares of the industrial products company’s stock worth $757,000 after buying an additional 51 shares in the last quarter. Signaturefd LLC raised its stake in Valmont Industries by 23.9% during the 1st quarter. Signaturefd LLC now owns 270 shares of the industrial products company’s stock valued at $77,000 after acquiring an additional 52 shares in the last quarter. Finally, TBH Global Asset Management LLC boosted its position in Valmont Industries by 1.5% during the 1st quarter. TBH Global Asset Management LLC now owns 3,945 shares of the industrial products company’s stock worth $1,126,000 after acquiring an additional 58 shares during the period. Institutional investors own 87.84% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on VMI. DA Davidson increased 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. Stifel Nicolaus upped their target price on Valmont Industries from $345.00 to $382.00 and gave the company a “buy” rating in a report on Monday, July 21st. Finally, Wall Street Zen cut shares of Valmont Industries from a “buy” rating to a “hold” rating in a report on Sunday. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Valmont Industries presently has an average rating of “Moderate Buy” and an average target price of $391.00.

Insider Buying and Selling

In related news, CAO Timothy P. Francis sold 2,867 shares of the company’s stock in a transaction dated 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 in the company, 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 is accessible through this link. Company insiders own 1.50% of the company’s stock.

Valmont Industries Price Performance

Valmont Industries stock opened at $372.35 on Wednesday. Valmont Industries, Inc. has a one year low of $250.07 and a one year high of $384.08. The company has a market capitalization of $7.35 billion, a PE ratio of 34.67 and a beta of 1.14. The business has a 50 day simple moving average of $359.92 and a 200 day simple moving average of $327.63. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.15 and a quick ratio of 1.44.

Valmont Industries (NYSE:VMI) last announced its earnings results on Tuesday, July 22nd. The industrial products company reported $4.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.78 by $0.10. Valmont Industries had a net margin of 5.98% and a return on equity of 22.10%. 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 business earned $4.91 earnings per share. Valmont Industries’s quarterly revenue was up 1.0% on a year-over-year basis. Valmont Industries has set its FY 2025 guidance at 17.500-19.500 EPS. On average, sell-side analysts forecast that Valmont Industries, Inc. will post 18.07 EPS for the current fiscal year.

Valmont Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Friday, September 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 is Friday, September 26th. Valmont Industries’s dividend payout ratio is 25.33%.

Valmont Industries Company 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.