Blair William & Co. IL Sells 3,606 Shares of Valmont Industries, Inc. $VMI

Blair William & Co. IL lowered its holdings in Valmont Industries, Inc. (NYSE:VMI) by 7.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 45,181 shares of the industrial products company’s stock after selling 3,606 shares during the quarter. Blair William & Co. IL’s holdings in Valmont Industries were worth $14,755,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. WPG Advisers LLC bought a new position in shares of Valmont Industries in the first quarter valued at $27,000. Smartleaf Asset Management LLC lifted its position in Valmont Industries by 87.7% in the 1st quarter. Smartleaf Asset Management LLC now owns 107 shares of the industrial products company’s stock valued at $31,000 after acquiring an additional 50 shares in the last quarter. Geneos Wealth Management Inc. boosted its stake in Valmont Industries by 223.4% during the 1st quarter. Geneos Wealth Management Inc. now owns 152 shares of the industrial products company’s stock valued at $43,000 after purchasing an additional 105 shares during the last quarter. Ameritas Advisory Services LLC bought a new stake in Valmont Industries during the 2nd quarter worth approximately $46,000. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Valmont Industries in the second quarter worth approximately $47,000. Institutional investors and hedge funds own 87.84% of the company’s stock.

Insider Activity

In other Valmont Industries news, CAO Timothy P. Francis sold 2,867 shares of the business’s stock in a transaction on Friday, August 1st. The stock was sold at an average price of $358.52, for a total value of $1,027,876.84. Following the sale, the chief accounting officer directly owned 9,746 shares in the company, valued at $3,494,135.92. The trade was a 22.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.50% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on VMI. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Valmont Industries in a research report on Wednesday. Stifel Nicolaus lifted their price objective on shares of Valmont Industries from $345.00 to $382.00 and gave the stock a “buy” rating in a report on Monday, July 21st. 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 report on Wednesday, July 23rd. Wall Street Zen cut shares of Valmont Industries from a “buy” rating to a “hold” rating in a report on Saturday. 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 price objective for the company. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $420.67.

Valmont Industries Price Performance

VMI opened at $389.37 on Friday. Valmont Industries, Inc. has a fifty-two week low of $250.07 and a fifty-two week high of $411.17. The firm has a 50-day moving average of $377.45 and a 200 day moving average of $336.63. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.44 and a current ratio of 2.15. The firm has a market cap of $7.69 billion, a P/E ratio of 36.25 and a beta of 1.15.

Valmont Industries (NYSE:VMI) last announced its quarterly earnings data on Tuesday, July 22nd. The industrial products company reported $4.88 EPS for the quarter, topping the consensus estimate of $4.78 by $0.10. Valmont Industries had a net margin of 5.98% and a return on equity of 22.10%. The business had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same quarter in the previous year, the firm posted $4.91 earnings per share. The company’s revenue for the quarter 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, research analysts expect that Valmont Industries, Inc. will post 18.07 EPS for the current year.

Valmont Industries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Friday, September 26th will be given 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, September 26th. Valmont Industries’s dividend payout ratio (DPR) is currently 25.33%.

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.