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

Bayforest Capital Ltd lowered its stake in Valmont Industries, Inc. (NYSE:VMI) by 52.4% in the second quarter, HoldingsChannel reports. The institutional investor owned 922 shares of the industrial products company’s stock after selling 1,014 shares during the period. Bayforest Capital Ltd’s holdings in Valmont Industries were worth $301,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. WPG Advisers LLC purchased a new position in shares of Valmont Industries during the first quarter worth $27,000. Smartleaf Asset Management LLC grew its position 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 valued at $31,000 after purchasing an additional 50 shares during the period. Geneos Wealth Management Inc. grew its position in shares of Valmont Industries by 223.4% in the first 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 period. Ameritas Advisory Services LLC purchased a new position in shares of Valmont Industries in the second quarter worth about $46,000. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Valmont Industries in the second quarter worth about $47,000. Hedge funds and other institutional investors own 87.84% of the company’s stock.

Insider Buying and Selling at Valmont Industries

In other news, CAO Timothy P. Francis sold 2,867 shares of the stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $358.52, for a total transaction of $1,027,876.84. Following the transaction, the chief accounting officer directly owned 9,746 shares in the company, valued at $3,494,135.92. This represents a 22.73% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 1.50% of the stock is currently owned by insiders.

Valmont Industries Price Performance

Shares of NYSE VMI opened at $410.00 on Thursday. The stock has a market cap of $8.09 billion, a price-to-earnings ratio of 38.17 and a beta of 1.15. Valmont Industries, Inc. has a 52 week low of $250.07 and a 52 week high of $412.89. The company’s 50-day moving average price is $379.67 and its 200 day moving average price is $338.84. The company has a current ratio of 2.15, a quick ratio of 1.44 and a debt-to-equity ratio of 0.48.

Valmont Industries (NYSE:VMI) last issued its quarterly earnings data on Tuesday, July 22nd. The industrial products company reported $4.88 EPS for the quarter, beating 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 firm had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.03 billion. During the same period in the prior year, the company earned $4.91 EPS. The firm’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. As a group, research analysts forecast that Valmont Industries, Inc. will post 18.07 earnings per share for the current fiscal year.

Valmont Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Friday, September 26th were issued a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Friday, September 26th. Valmont Industries’s dividend payout ratio is presently 25.33%.

Analysts Set New Price Targets

VMI has been the topic of a number of analyst reports. JPMorgan Chase & Co. initiated coverage on shares of Valmont Industries in a research note on Friday, September 26th. They set an “overweight” rating and a $480.00 target price on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Valmont Industries in a research report on Wednesday, October 8th. DA Davidson upped their price target on shares of Valmont Industries from $380.00 to $400.00 and gave the company a “neutral” rating in a research report on Wednesday, July 23rd. Stifel Nicolaus upped their price target on shares of Valmont Industries from $345.00 to $382.00 and gave the company a “buy” rating in a research report on Monday, July 21st. Finally, Wall Street Zen downgraded shares of Valmont Industries from a “buy” rating to a “hold” rating in a research report on Saturday, October 11th. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, Valmont Industries has an average rating of “Moderate Buy” and an average price target of $420.67.

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.