Sumitomo Mitsui Trust Group Inc. Cuts Stock Holdings in Valmont Industries, Inc. $VMI

Sumitomo Mitsui Trust Group Inc. lowered its stake in Valmont Industries, Inc. (NYSE:VMI) by 4.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,928 shares of the industrial products company’s stock after selling 241 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Valmont Industries were worth $1,609,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. WPG Advisers LLC purchased a new stake in Valmont Industries in the first quarter worth approximately $27,000. Smartleaf Asset Management LLC boosted its holdings in Valmont Industries by 87.7% in the first quarter. Smartleaf Asset Management LLC now owns 107 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 50 shares during the last quarter. Geneos Wealth Management Inc. boosted its holdings in Valmont Industries by 223.4% in the first quarter. Geneos Wealth Management Inc. now owns 152 shares of the industrial products company’s stock worth $43,000 after purchasing an additional 105 shares during the last quarter. Ameritas Advisory Services LLC purchased a new stake in Valmont Industries in the second quarter worth approximately $46,000. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new stake in Valmont Industries in the second quarter worth approximately $47,000. Hedge funds and other institutional investors own 87.84% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on VMI. JPMorgan Chase & Co. began coverage on shares of Valmont Industries in a report on Friday, September 26th. They issued an “overweight” rating and a $480.00 target price on the stock. Stifel Nicolaus raised their target price on shares of Valmont Industries from $400.00 to $450.00 and gave the stock a “buy” rating in a report on Monday, October 20th. DA Davidson raised their target price on shares of Valmont Industries from $400.00 to $415.00 and gave the stock a “neutral” rating in a report on Wednesday, October 22nd. Wall Street Zen upgraded shares of Valmont Industries from a “hold” rating to a “buy” rating in a report on Sunday, October 19th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Valmont Industries in a research note on Wednesday, October 8th. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Valmont Industries has a consensus rating of “Moderate Buy” and an average price target of $448.33.

Insider Activity at Valmont Industries

In other news, insider James Christopher Colwell sold 375 shares of the firm’s 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 sale, the insider directly owned 7,286 shares in the company, valued at $2,992,214.48. This trade represents a 4.89% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.50% of the stock is owned by insiders.

Valmont Industries Trading Down 1.6%

Shares of Valmont Industries stock opened at $412.40 on Friday. The company’s fifty day simple moving average is $388.40 and its 200-day simple moving average is $349.48. The stock has a market capitalization of $8.12 billion, a PE ratio of 35.52 and a beta of 1.15. Valmont Industries, Inc. has a 1-year low of $250.07 and a 1-year high of $427.81. 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 (NYSE:VMI) last issued its quarterly earnings results on Tuesday, October 21st. The industrial products company reported $4.98 earnings per share for the quarter, topping the consensus estimate of $4.64 by $0.34. The business had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.03 billion. Valmont Industries had a net margin of 6.33% and a return on equity of 22.92%. The company’s revenue was up 2.5% compared to the same quarter last year. During the same quarter last year, the company posted $4.11 EPS. Valmont Industries has set its FY 2025 guidance at 18.700-19.50 EPS. As a group, equities analysts anticipate that Valmont Industries, Inc. will post 18.07 earnings per share for the current year.

Valmont Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Friday, December 26th will be given 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 is Friday, December 26th. Valmont Industries’s dividend payout ratio (DPR) is presently 23.43%.

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.