American Century Companies Inc. Acquires 24,375 Shares of Valmont Industries, Inc. $VMI

American Century Companies Inc. grew its holdings in Valmont Industries, Inc. (NYSE:VMI) by 36.2% in the 2nd quarter, HoldingsChannel reports. The firm owned 91,666 shares of the industrial products company’s stock after buying an additional 24,375 shares during the quarter. American Century Companies Inc.’s holdings in Valmont Industries were worth $29,935,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of VMI. Franklin Resources Inc. increased its holdings in Valmont Industries by 2.7% during the second quarter. Franklin Resources Inc. now owns 525,890 shares of the industrial products company’s stock valued at $171,740,000 after buying an additional 13,578 shares during the period. Legal & General Group Plc increased its holdings in shares of Valmont Industries by 2.4% in the 2nd quarter. Legal & General Group Plc now owns 43,811 shares of the industrial products company’s stock valued at $14,307,000 after acquiring an additional 1,042 shares during the period. Hillsdale Investment Management Inc. increased its holdings in shares of Valmont Industries by 103.1% in the 2nd quarter. Hillsdale Investment Management Inc. now owns 9,555 shares of the industrial products company’s stock valued at $3,120,000 after acquiring an additional 4,850 shares during the period. Magnetar Financial LLC raised its position in shares of Valmont Industries by 4.8% in the 2nd quarter. Magnetar Financial LLC now owns 11,012 shares of the industrial products company’s stock worth $3,596,000 after acquiring an additional 509 shares in the last quarter. Finally, Prudential PLC purchased a new stake in shares of Valmont Industries during the 2nd quarter worth $1,482,000. 87.84% of the stock is currently owned by institutional investors.

Valmont Industries Stock Performance

Shares of Valmont Industries stock opened at $412.97 on Monday. The company has a 50 day moving average price of $400.35 and a 200 day moving average price of $366.06. The firm has a market capitalization of $8.14 billion, a P/E ratio of 35.57 and a beta of 1.21. The company has a quick ratio of 1.50, a current ratio of 2.26 and a debt-to-equity ratio of 0.46. Valmont Industries, Inc. has a 52 week low of $250.07 and a 52 week high of $427.81.

Valmont Industries (NYSE:VMI) last issued its quarterly earnings results on Tuesday, October 21st. The industrial products company reported $4.98 earnings per share (EPS) for the quarter, beating 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%. Valmont Industries’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $4.11 EPS. Valmont Industries has set its FY 2025 guidance at 18.700-19.50 EPS. Sell-side analysts expect that Valmont Industries, Inc. will post 18.07 EPS for the current year.

Valmont Industries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Friday, December 26th will be paid a $0.68 dividend. 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 dividend payout ratio (DPR) is 23.43%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on VMI. DA Davidson raised 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. initiated coverage on shares of Valmont Industries in a report on Friday, September 26th. They issued an “overweight” rating and a $480.00 price target on the stock. Wall Street Zen raised shares of Valmont Industries from a “hold” rating to a “buy” rating in a research report on Sunday, October 19th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Valmont Industries in a research note on Tuesday, November 25th. Finally, Stifel Nicolaus increased their target price on shares of Valmont Industries from $400.00 to $450.00 and gave the company a “buy” rating in a research report on Monday, October 20th. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $448.33.

Insider Transactions at Valmont Industries

In other Valmont Industries news, insider James Christopher Colwell sold 375 shares of Valmont Industries stock in a transaction dated Thursday, October 23rd. The stock was 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. The trade was a 4.89% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.50% of the stock is owned by company insiders.

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.