Illinois Municipal Retirement Fund Boosts Stock Position in Valmont Industries, Inc. $VMI

Illinois Municipal Retirement Fund boosted its stake in shares of Valmont Industries, Inc. (NYSE:VMI) by 131.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,042 shares of the industrial products company’s stock after acquiring an additional 5,136 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Valmont Industries were worth $2,953,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of VMI. Alps Advisors Inc. purchased a new stake in shares of Valmont Industries during the first quarter worth approximately $314,000. Cerity Partners LLC purchased a new position in Valmont Industries during the 1st quarter worth $207,000. New York State Common Retirement Fund lifted its stake in shares of Valmont Industries by 9.3% in the 1st quarter. New York State Common Retirement Fund now owns 11,726 shares of the industrial products company’s stock worth $3,346,000 after acquiring an additional 1,000 shares during the period. Signaturefd LLC boosted its holdings in shares of Valmont Industries by 23.9% in the first quarter. Signaturefd LLC now owns 270 shares of the industrial products company’s stock valued at $77,000 after acquiring an additional 52 shares in the last quarter. Finally, Diversify Advisory Services LLC purchased a new stake in shares of Valmont Industries in the first quarter valued at about $285,000. Institutional investors and hedge funds own 87.84% of the company’s stock.

Valmont Industries Price Performance

Shares of NYSE:VMI opened at $398.45 on Friday. The firm has a market capitalization of $7.85 billion, a price-to-earnings ratio of 34.32 and a beta of 1.21. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.26 and a quick ratio of 1.50. The business’s 50 day simple moving average is $395.70 and its 200-day simple moving average is $358.20. Valmont Industries, Inc. has a 12 month low of $250.07 and a 12 month high of $427.81.

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

Valmont Industries Announces Dividend

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

Wall Street Analyst Weigh In

Several research analysts recently issued reports on VMI shares. Stifel Nicolaus increased their price target 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. JPMorgan Chase & Co. initiated 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. Weiss Ratings reissued a “hold (c)” rating on shares of Valmont Industries in a report on Wednesday, October 8th. Wall Street Zen raised Valmont Industries from a “hold” rating to a “buy” rating in a report on Sunday, October 19th. Finally, DA Davidson raised their target price on Valmont Industries from $400.00 to $415.00 and gave the company a “neutral” rating in a report on Wednesday, October 22nd. 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.com, the stock 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 business’s 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 sale, the insider directly owned 7,286 shares in the company, valued at $2,992,214.48. The trade was a 4.89% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.50% of the stock is owned by corporate insiders.

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.