Pacer Advisors Inc. Has $1.01 Million Position in Valmont Industries, Inc. $VMI

Pacer Advisors Inc. boosted its holdings in shares of Valmont Industries, Inc. (NYSE:VMI) by 168.0% in the third quarter, Holdings Channel.com reports. The fund owned 2,600 shares of the industrial products company’s stock after buying an additional 1,630 shares during the quarter. Pacer Advisors Inc.’s holdings in Valmont Industries were worth $1,008,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in VMI. Ieq Capital LLC boosted its position in shares of Valmont Industries by 20.9% in the 1st quarter. Ieq Capital LLC now owns 897 shares of the industrial products company’s stock worth $256,000 after purchasing an additional 155 shares during the last quarter. Baird Financial Group Inc. lifted its stake in Valmont Industries by 4.1% in the first quarter. Baird Financial Group Inc. now owns 3,298 shares of the industrial products company’s stock valued at $941,000 after buying an additional 130 shares during the period. Royal Bank of Canada lifted its stake in Valmont Industries by 24.2% in the first quarter. Royal Bank of Canada now owns 37,424 shares of the industrial products company’s stock valued at $10,681,000 after buying an additional 7,302 shares during the period. Advisors Asset Management Inc. boosted its holdings in Valmont Industries by 1.3% during the first quarter. Advisors Asset Management Inc. now owns 19,951 shares of the industrial products company’s stock worth $5,693,000 after buying an additional 252 shares during the last quarter. Finally, AQR Capital Management LLC grew its position in shares of Valmont Industries by 108.8% during the 1st quarter. AQR Capital Management LLC now owns 36,029 shares of the industrial products company’s stock worth $10,185,000 after buying an additional 18,771 shares during the period. Institutional investors own 87.84% of the company’s stock.

Analyst Upgrades and Downgrades

VMI has been the topic of a number of analyst reports. Stifel Nicolaus increased their price target on shares of Valmont Industries from $475.00 to $491.00 and gave the company a “buy” rating in a research report on Tuesday, December 16th. Wall Street Zen raised shares of Valmont Industries from a “hold” rating to a “buy” rating in a research note on Sunday, October 19th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Valmont Industries in a report on Monday. DA Davidson lifted their price target on shares of Valmont Industries from $400.00 to $415.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 22nd. Finally, JPMorgan Chase & Co. initiated coverage on shares of Valmont Industries in a research report on Friday, September 26th. They issued an “overweight” rating and a $480.00 price objective for the company. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Valmont Industries has an average rating of “Moderate Buy” and a consensus target price of $462.00.

Insider Activity

In other news, insider James Christopher Colwell sold 375 shares of the business’s stock in a transaction dated Thursday, October 23rd. The stock was 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 1.50% of the stock is owned by corporate insiders.

Valmont Industries Stock Performance

Shares of VMI stock opened at $411.07 on Friday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.50 and a current ratio of 2.26. Valmont Industries, Inc. has a 52 week low of $250.07 and a 52 week high of $432.68. The company’s 50 day moving average price is $408.81 and its two-hundred day moving average price is $381.44. The company has a market capitalization of $8.10 billion, a P/E ratio of 35.41 and a beta of 1.20.

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

Valmont Industries Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Friday, December 26th will be issued a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Friday, December 26th. Valmont Industries’s dividend payout ratio is 23.43%.

About Valmont Industries

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.