Edgestream Partners L.P. Takes Position in Valmont Industries, Inc. $VMI

Edgestream Partners L.P. bought a new stake in shares of Valmont Industries, Inc. (NYSE:VMI) during the 2nd quarter, HoldingsChannel.com reports. The fund bought 14,711 shares of the industrial products company’s stock, valued at approximately $4,804,000.

Other hedge funds have also added to or reduced their stakes in the company. Norges Bank purchased a new stake in Valmont Industries during the second quarter valued at about $77,860,000. Price T Rowe Associates Inc. MD boosted its holdings in Valmont Industries by 759.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 172,967 shares of the industrial products company’s stock valued at $49,361,000 after acquiring an additional 152,832 shares during the period. Livforsakringsbolaget Skandia Omsesidigt boosted its holdings in Valmont Industries by 5,815.0% during the 2nd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 70,980 shares of the industrial products company’s stock valued at $25,179,000 after acquiring an additional 69,780 shares during the period. Nuveen LLC bought a new position in Valmont Industries during the 1st quarter worth approximately $16,519,000. Finally, Vaughan Nelson Investment Management L.P. increased its stake in Valmont Industries by 42.9% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 187,765 shares of the industrial products company’s stock worth $61,318,000 after purchasing an additional 56,380 shares during the period. 87.84% of the stock is owned by institutional investors.

Insider Transactions 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 transaction of $154,005.00. Following the sale, the insider owned 7,286 shares of the company’s stock, valued at $2,992,214.48. The trade was a 4.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.50% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on VMI. Weiss Ratings reissued a “hold (c+)” rating on shares of Valmont Industries in a research note on Monday. DA Davidson increased their price target on shares of Valmont Industries from $400.00 to $415.00 and gave the company a “neutral” rating in a research report on Wednesday, October 22nd. Wall Street Zen upgraded shares of Valmont Industries from a “hold” rating to a “buy” rating in a research report on Sunday, October 19th. Stifel Nicolaus upped their price objective on shares of Valmont Industries from $400.00 to $450.00 and gave the company a “buy” rating in a research note on Monday, October 20th. Finally, JPMorgan Chase & Co. started coverage on Valmont Industries in a research note on Friday, September 26th. They issued an “overweight” rating and a $480.00 target price on the stock. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, Valmont Industries has an average rating of “Moderate Buy” and an average target price of $448.33.

Valmont Industries Stock Up 0.9%

Shares of NYSE:VMI opened at $407.08 on Wednesday. The firm has a market capitalization of $8.02 billion, a P/E ratio of 35.06 and a beta of 1.21. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.50 and a current ratio of 2.26. The stock has a 50 day moving average price of $401.53 and a 200-day moving average price of $367.23. 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 for the quarter, topping the consensus estimate of $4.64 by $0.34. The company had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.03 billion. Valmont Industries had a return on equity of 22.92% and a net margin of 6.33%.The firm’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same period in the prior year, the firm earned $4.11 earnings per share. Valmont Industries has set its FY 2025 guidance at 18.700-19.50 EPS. As a group, equities research analysts anticipate that Valmont Industries, Inc. will post 18.07 EPS for the current fiscal year.

Valmont Industries Announces Dividend

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 paid a $0.68 dividend. 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 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.