Brighton Jones LLC Purchases New Stake in Valmont Industries, Inc. $VMI

Brighton Jones LLC acquired a new position in shares of Valmont Industries, Inc. (NYSE:VMI) in the 3rd quarter, Holdings Channel.com reports. The firm acquired 1,252 shares of the industrial products company’s stock, valued at approximately $485,000.

A number of other large investors have also recently bought and sold shares of the company. WPG Advisers LLC acquired a new position in shares of Valmont Industries in the 1st quarter valued at approximately $27,000. Smartleaf Asset Management LLC boosted its position in shares of Valmont Industries by 87.7% during the 1st 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. Parkside Financial Bank & Trust increased its stake 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 acquiring an additional 62 shares during the last quarter. Geneos Wealth Management Inc. increased its stake 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 valued at $43,000 after acquiring an additional 105 shares during the last quarter. Finally, Ameritas Advisory Services LLC acquired a new position in Valmont Industries during the second quarter valued at approximately $46,000. 87.84% of the stock is currently owned by institutional investors and hedge funds.

Valmont Industries Trading Down 1.1%

NYSE VMI opened at $412.92 on Friday. The company has a market cap of $8.13 billion, a price-to-earnings ratio of 35.57 and a beta of 1.20. Valmont Industries, Inc. has a twelve month low of $250.07 and a twelve month high of $432.68. The company has a quick ratio of 1.50, a current ratio of 2.26 and a debt-to-equity ratio of 0.46. The business’s fifty day moving average is $409.20 and its 200 day moving average is $378.56.

Valmont Industries (NYSE:VMI) last issued its earnings results on Tuesday, October 21st. The industrial products company reported $4.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.64 by $0.34. The business 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 for the quarter was up 2.5% compared to the same quarter last year. During the same quarter 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, sell-side analysts expect that Valmont Industries, Inc. will post 18.07 EPS for the current fiscal year.

Valmont Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Friday, December 26th will be given a dividend of $0.68 per share. The ex-dividend date is Friday, December 26th. This represents a $2.72 annualized dividend and a yield of 0.7%. Valmont Industries’s dividend payout ratio (DPR) is currently 23.43%.

Insiders Place Their Bets

In other Valmont Industries news, insider James Christopher Colwell sold 375 shares of the business’s stock in a transaction that occurred 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 of the company’s stock, valued at $2,992,214.48. The trade was a 4.89% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.50% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on VMI shares. Wall Street Zen raised Valmont Industries from a “hold” rating to a “buy” rating in a report on Sunday, October 19th. Weiss Ratings restated a “hold (c+)” rating on shares of Valmont Industries in a research report on Monday. 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 note on Wednesday, October 22nd. JPMorgan Chase & Co. started coverage on Valmont Industries in a research report on Friday, September 26th. They issued an “overweight” rating and a $480.00 target price on the stock. Finally, Stifel Nicolaus boosted their target price on Valmont Industries from $475.00 to $491.00 and gave the stock a “buy” rating in a research note on Tuesday, December 16th. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $462.00.

Valmont Industries Profile

Valmont Industries, Inc (NYSE: VMI) is a diversified industrial manufacturer specializing in infrastructure and agricultural products. Headquartered in Omaha, Nebraska, the company engages in the design, production and distribution of engineered products that support water management, power transmission, lighting and traffic infrastructure. Valmont’s solutions range from center-pivot and lateral-move irrigation systems to utility poles, transmission towers, lighting structures and highway traffic signal support structures.

The company operates through several core business segments.