Valmont Industries, Inc. $VMI Shares Purchased by Ethic Inc.

Ethic Inc. boosted its stake in Valmont Industries, Inc. (NYSE:VMI) by 95.1% in the second quarter, Holdings Channel reports. The fund owned 2,806 shares of the industrial products company’s stock after buying an additional 1,368 shares during the quarter. Ethic Inc.’s holdings in Valmont Industries were worth $937,000 as of its most recent SEC filing.

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

Valmont Industries Stock Performance

Valmont Industries stock opened at $418.12 on Monday. The stock has a market cap of $8.25 billion, a P/E ratio of 36.01 and a beta of 1.15. The company has a current ratio of 2.26, a quick ratio of 1.50 and a debt-to-equity ratio of 0.46. The stock has a 50 day moving average of $384.67 and a 200-day moving average of $346.20. Valmont Industries, Inc. has a 52 week low of $250.07 and a 52 week high of $420.00.

Valmont Industries (NYSE:VMI) last posted its quarterly earnings results 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 for the quarter, compared to analyst estimates of $1.03 billion. Valmont Industries had a return on equity of 22.92% and a net margin of 6.33%.The business’s revenue was up 2.5% compared to the same quarter last year. During the same period in the prior year, the company posted $4.11 EPS. Valmont Industries has set its FY 2025 guidance at 18.700-19.50 EPS. On average, analysts expect that Valmont Industries, Inc. will post 18.07 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

Insider Activity at Valmont Industries

In related news, insider James Christopher Colwell sold 375 shares of the company’s stock in a transaction that occurred on Thursday, October 23rd. The stock was sold at an average price of $410.68, for a total transaction of $154,005.00. Following the sale, the insider directly 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Timothy P. Francis sold 2,867 shares of the company’s stock in a transaction that occurred 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 sale, the chief accounting officer directly owned 9,746 shares in the company, valued at approximately $3,494,135.92. This represents a 22.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate 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.