Oppenheimer Asset Management Inc. Increases Stake in Valmont Industries, Inc. $VMI

Oppenheimer Asset Management Inc. raised its stake in Valmont Industries, Inc. (NYSE:VMI) by 12.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,451 shares of the industrial products company’s stock after acquiring an additional 505 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Valmont Industries were worth $1,454,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in VMI. WPG Advisers LLC purchased a new position in shares of Valmont Industries during the 1st quarter valued at approximately $27,000. Smartleaf Asset Management LLC grew its position in Valmont Industries by 87.7% during the first quarter. Smartleaf Asset Management LLC now owns 107 shares of the industrial products company’s stock valued at $31,000 after buying an additional 50 shares during the period. Ameritas Advisory Services LLC purchased a new position in Valmont Industries in the second quarter valued at $46,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in Valmont Industries in the second quarter valued at $47,000. Finally, Parallel Advisors LLC raised its position in shares of 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 acquiring an additional 85 shares during the period. Institutional investors and hedge funds own 87.84% of the company’s stock.

Valmont Industries Stock Performance

Shares of NYSE:VMI opened at $412.40 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.26 and a quick ratio of 1.50. Valmont Industries, Inc. has a 1 year low of $250.07 and a 1 year high of $427.81. The firm has a market capitalization of $8.12 billion, a PE ratio of 35.52 and a beta of 1.15. The business’s 50 day moving average price is $388.40 and its 200-day moving average price is $349.48.

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

Valmont Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Friday, December 26th will be given a dividend of $0.68 per share. The ex-dividend date is Friday, December 26th. This represents a $2.72 dividend on an annualized basis and a yield of 0.7%. Valmont Industries’s payout ratio is presently 23.43%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on VMI shares. Weiss Ratings restated 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 company a “buy” rating in a report on Monday, October 20th. 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, October 22nd. JPMorgan Chase & Co. began coverage on Valmont Industries in a research note on Friday, September 26th. They set an “overweight” rating and a $480.00 target price for the company. Finally, Wall Street Zen upgraded Valmont Industries from a “hold” rating to a “buy” rating in a research report on Sunday, October 19th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Valmont Industries has a consensus rating of “Moderate Buy” and an average target price of $448.33.

Insider Transactions at Valmont Industries

In other Valmont Industries news, insider James Christopher Colwell sold 375 shares of the stock in a transaction dated Thursday, October 23rd. The shares were sold at an average price of $410.68, for a total value of $154,005.00. Following the completion of the sale, the insider owned 7,286 shares in the company, 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 Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.50% of the company’s stock.

Valmont Industries 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.