CW Advisors LLC Grows Stock Holdings in Valmont Industries, Inc. $VMI

CW Advisors LLC lifted its position in Valmont Industries, Inc. (NYSE:VMI) by 17.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 16,482 shares of the industrial products company’s stock after buying an additional 2,426 shares during the quarter. CW Advisors LLC’s holdings in Valmont Industries were worth $5,383,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of VMI. Envestnet Portfolio Solutions Inc. lifted its position in shares of Valmont Industries by 4.7% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 843 shares of the industrial products company’s stock worth $275,000 after purchasing an additional 38 shares in the last quarter. D.B. Root & Company LLC boosted its position in Valmont Industries by 1.6% in the 2nd quarter. D.B. Root & Company LLC now owns 2,685 shares of the industrial products company’s stock valued at $877,000 after buying an additional 41 shares during the period. Smartleaf Asset Management LLC grew its stake in shares of 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 acquiring an additional 50 shares in the last quarter. Janney Montgomery Scott LLC increased its position in shares of Valmont Industries by 4.0% during the second quarter. Janney Montgomery Scott LLC now owns 1,549 shares of the industrial products company’s stock worth $506,000 after acquiring an additional 59 shares during the period. Finally, Parkside Financial Bank & Trust boosted its holdings in Valmont Industries by 93.9% in the second quarter. Parkside Financial Bank & Trust now owns 128 shares of the industrial products company’s stock valued at $42,000 after purchasing an additional 62 shares during the period. 87.84% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, insider James Christopher Colwell sold 375 shares of the company’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 completion of the sale, the insider directly owned 7,286 shares of the company’s stock, valued at approximately $2,992,214.48. This represents a 4.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.50% of the company’s stock.

Valmont Industries Stock Performance

NYSE VMI opened at $415.95 on Friday. The company has a fifty day moving average of $404.01 and a two-hundred day moving average of $368.52. The company has a market capitalization of $8.19 billion, a PE ratio of 35.83 and a beta of 1.20. 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 announced its 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 firm had revenue of $1.05 billion during 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 business’s revenue was up 2.5% on a year-over-year basis. During the same period in the prior year, the firm earned $4.11 EPS. Valmont Industries has set its FY 2025 guidance at 18.700-19.50 EPS. As a group, analysts expect that Valmont Industries, Inc. will post 18.07 earnings per share for the current 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 paid 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 dividend payout ratio is currently 23.43%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on VMI. Weiss Ratings restated a “hold (c+)” rating on shares of Valmont Industries in a report on Monday. DA Davidson raised their target price on shares of Valmont Industries from $400.00 to $415.00 and gave the company a “neutral” rating in a report on Wednesday, October 22nd. JPMorgan Chase & Co. assumed coverage on shares of Valmont Industries in a research note on Friday, September 26th. They issued an “overweight” rating and a $480.00 price target for the company. Stifel Nicolaus increased their price objective 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. Finally, Wall Street Zen raised shares of Valmont Industries from a “hold” rating to a “buy” rating in a research report on Sunday, October 19th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $448.33.

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.