Inspire Investing LLC decreased its holdings in shares of Valmont Industries, Inc. (NYSE:VMI – Free Report) by 66.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,219 shares of the industrial products company’s stock after selling 2,391 shares during the quarter. Inspire Investing LLC’s holdings in Valmont Industries were worth $398,000 at the end of the most recent reporting period.
Other hedge funds have also added to or reduced their stakes in the company. WPG Advisers LLC acquired a new stake in Valmont Industries during the 1st quarter valued at $27,000. Smartleaf Asset Management LLC lifted its holdings in Valmont Industries by 87.7% during the 1st quarter. Smartleaf Asset Management LLC now owns 107 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 50 shares during the last quarter. Ameritas Advisory Services LLC acquired a new stake in Valmont Industries during the 2nd quarter valued at $46,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Valmont Industries during the 2nd quarter valued at $47,000. Finally, Parallel Advisors LLC lifted its holdings in Valmont Industries by 128.8% during the 2nd quarter. Parallel Advisors LLC now owns 151 shares of the industrial products company’s stock valued at $49,000 after purchasing an additional 85 shares during the last quarter. Institutional investors and hedge funds own 87.84% of the company’s stock.
Insider Transactions at Valmont Industries
In other Valmont Industries news, CAO Timothy P. Francis sold 2,867 shares of Valmont Industries stock in a transaction dated 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 transaction, the chief accounting officer 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 transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.50% of the stock is currently owned by corporate insiders.
Valmont Industries Stock Up 2.0%
Valmont Industries (NYSE:VMI – Get Free Report) last issued its quarterly earnings results on Tuesday, July 22nd. The industrial products company reported $4.88 EPS for the quarter, topping analysts’ consensus estimates of $4.78 by $0.10. Valmont Industries had a return on equity of 22.10% and a net margin of 5.98%.The company had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.03 billion. During the same quarter last year, the business earned $4.91 earnings per share. Valmont Industries’s 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. Sell-side analysts forecast that Valmont Industries, Inc. will post 18.07 earnings per share for the current fiscal year.
Valmont Industries Announces Dividend
The firm 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 is Friday, September 26th. Valmont Industries’s payout ratio is currently 25.33%.
Analysts Set New Price Targets
A number of equities research analysts have recently weighed in on the company. DA Davidson lifted their target price on Valmont Industries from $380.00 to $400.00 and gave the stock a “neutral” rating in a report on Wednesday, July 23rd. Stifel Nicolaus lifted their target price on Valmont Industries from $345.00 to $382.00 and gave the stock a “buy” rating in a report on Monday, July 21st. Wall Street Zen downgraded Valmont Industries from a “buy” rating to a “hold” rating in a report on Saturday. JPMorgan Chase & Co. assumed coverage on Valmont Industries in a report on Friday, September 26th. They set an “overweight” rating and a $480.00 target price for the company. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Valmont Industries in a report on Wednesday, October 8th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Valmont Industries currently has a consensus rating of “Moderate Buy” and an average price target of $420.67.
Get Our Latest Stock Analysis on VMI
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.
Recommended Stories
- Five stocks we like better than Valmont Industries
- Consumer Staples Stocks, Explained
- FICO’s Big Dip Could Be the Best Buying Chance of the Year
- The Top 3 Healthcare Dividend Stocks to Buy and Hold
- D-Wave: Reevaluating the Short Seller’s Case After the Downgrade
- How to Choose Top Rated Stocks
- Datavault: A Speculative AI Play, But Beware of Volatility
Want to see what other hedge funds are holding VMI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Valmont Industries, Inc. (NYSE:VMI – Free Report).
Receive News & Ratings for Valmont Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Valmont Industries and related companies with MarketBeat.com's FREE daily email newsletter.