Valmont Industries, Inc. $VMI Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC cut its stake in Valmont Industries, Inc. (NYSE:VMI) by 3.2% in the second quarter, Holdings Channel reports. The fund owned 9,981 shares of the industrial products company’s stock after selling 330 shares during the period. Mutual of America Capital Management LLC’s holdings in Valmont Industries were worth $3,259,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Dimensional Fund Advisors LP increased its stake in shares of Valmont Industries by 1.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 429,900 shares of the industrial products company’s stock worth $122,682,000 after acquiring an additional 4,722 shares during the last quarter. Segall Bryant & Hamill LLC increased its stake in shares of Valmont Industries by 3.4% in the 1st quarter. Segall Bryant & Hamill LLC now owns 299,901 shares of the industrial products company’s stock worth $85,583,000 after acquiring an additional 9,979 shares during the last quarter. Allianz Asset Management GmbH increased its stake in shares of Valmont Industries by 2.0% in the 2nd quarter. Allianz Asset Management GmbH now owns 280,361 shares of the industrial products company’s stock worth $91,557,000 after acquiring an additional 5,592 shares during the last quarter. Northern Trust Corp increased its stake in shares of Valmont Industries by 7.3% in the 1st quarter. Northern Trust Corp now owns 216,253 shares of the industrial products company’s stock worth $61,712,000 after acquiring an additional 14,694 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. increased its position in shares of Valmont Industries by 42.9% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 187,765 shares of the industrial products company’s stock worth $61,318,000 after purchasing an additional 56,380 shares during the last quarter. 87.84% of the stock is owned by institutional investors and hedge funds.

Valmont Industries Stock Performance

Shares of VMI opened at $410.86 on Friday. The stock has a 50-day simple moving average of $383.79 and a 200-day simple moving average of $344.13. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.44 and a current ratio of 2.26. The stock has a market capitalization of $8.11 billion, a PE ratio of 35.39 and a beta of 1.15. Valmont Industries, Inc. has a 1 year low of $250.07 and a 1 year high of $418.90.

Valmont Industries (NYSE:VMI) last announced its quarterly earnings data on Tuesday, October 21st. The industrial products company reported $4.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.64 by $0.34. The business had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.03 billion. Valmont Industries had a return on equity of 22.92% and a net margin of 6.33%.The business’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter last year, the business posted $4.11 EPS. Valmont Industries has set its FY 2025 guidance at 18.700-19.50 EPS. On average, analysts predict that Valmont Industries, Inc. will post 18.07 earnings per share for the current fiscal year.

Valmont Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Friday, September 26th were paid a $0.68 dividend. 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 (DPR) is presently 23.43%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on VMI shares. JPMorgan Chase & Co. started coverage on Valmont Industries in a research report on Friday, September 26th. They set an “overweight” rating and a $480.00 price objective for the company. Weiss Ratings reissued a “hold (c)” rating on shares of Valmont Industries in a research report on Wednesday, October 8th. Stifel Nicolaus raised their price objective on Valmont Industries from $400.00 to $450.00 and gave the stock a “buy” rating in a research report on Monday. Wall Street Zen raised Valmont Industries from a “hold” rating to a “buy” rating in a research report on Sunday, October 19th. Finally, DA Davidson lifted their target price on Valmont Industries from $400.00 to $415.00 and gave the company a “neutral” rating in a research report on Wednesday. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $448.33.

Insider Activity

In other 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 completion of the transaction, the chief accounting officer owned 9,746 shares in the company, valued at approximately $3,494,135.92. This trade represents a 22.73% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 1.50% of the company’s stock.

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.