Leeward Investments LLC MA Has $19.79 Million Stock Holdings in Valmont Industries, Inc. $VMI

Leeward Investments LLC MA boosted its position in Valmont Industries, Inc. (NYSE:VMI) by 10.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 60,598 shares of the industrial products company’s stock after acquiring an additional 5,934 shares during the period. Valmont Industries accounts for 1.1% of Leeward Investments LLC MA’s portfolio, making the stock its 23rd largest position. Leeward Investments LLC MA owned 0.30% of Valmont Industries worth $19,789,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. WPG Advisers LLC bought a new stake in shares of Valmont Industries during the 1st quarter valued at $27,000. Smartleaf Asset Management LLC raised its position in shares of 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 during the period. Ameritas Advisory Services LLC bought a new position in Valmont Industries during the 2nd quarter worth approximately $46,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in Valmont Industries during the second quarter valued at approximately $47,000. Finally, Parallel Advisors LLC raised its holdings in Valmont Industries by 128.8% in the second quarter. Parallel Advisors LLC now owns 151 shares of the industrial products company’s stock worth $49,000 after purchasing an additional 85 shares during the period. Institutional investors own 87.84% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Valmont Industries in a report on Friday. Stifel Nicolaus boosted their target price on Valmont Industries from $400.00 to $450.00 and gave the company a “buy” rating in a research note on Monday, October 20th. Wall Street Zen raised Valmont Industries from a “hold” rating to a “buy” rating in a research report on Sunday, October 19th. DA Davidson boosted their price objective on Valmont Industries from $400.00 to $415.00 and gave the company a “neutral” rating in a research report on Wednesday. Finally, JPMorgan Chase & Co. started coverage on shares of Valmont Industries in a report on Friday, September 26th. They set an “overweight” rating and a $480.00 target price on the stock. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Valmont Industries presently has a consensus rating of “Moderate Buy” and an average price target of $448.33.

Valmont Industries Stock Performance

Shares of VMI stock opened at $418.12 on Friday. The company’s fifty day simple moving average is $384.67 and its 200-day simple moving average is $345.77. The company has a quick ratio of 1.44, a current ratio of 2.26 and a debt-to-equity ratio of 0.46. The firm has a market cap of $8.25 billion, a PE ratio of 36.01 and a beta of 1.15. Valmont Industries, Inc. has a 12 month low of $250.07 and a 12 month high of $420.00.

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

Valmont Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Friday, September 26th were given a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Friday, September 26th. Valmont Industries’s payout ratio is currently 23.43%.

Insider Buying and Selling at Valmont Industries

In other Valmont Industries news, CAO Timothy P. Francis sold 2,867 shares of the stock in a transaction on 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 completion of the sale, the chief accounting officer owned 9,746 shares in the company, valued at $3,494,135.92. This trade represents a 22.73% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider James Christopher Colwell sold 375 shares of the stock in a transaction on Thursday, October 23rd. The shares were sold at an average price of $410.68, for a total transaction of $154,005.00. Following the completion of the sale, the insider owned 7,286 shares of the company’s stock, valued at approximately $2,992,214.48. This represents a 4.89% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.50% of the company’s stock.

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.