Cwm LLC Purchases 3,533 Shares of Valmont Industries, Inc. $VMI

Cwm LLC lifted its position in Valmont Industries, Inc. (NYSE:VMI) by 7.7% in the 2nd quarter, Holdings Channel reports. The fund owned 49,137 shares of the industrial products company’s stock after acquiring an additional 3,533 shares during the quarter. Cwm LLC’s holdings in Valmont Industries were worth $16,047,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in VMI. Price T Rowe Associates Inc. MD raised its position in shares of Valmont Industries by 759.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 172,967 shares of the industrial products company’s stock worth $49,361,000 after acquiring an additional 152,832 shares in the last quarter. Allianz Asset Management GmbH increased its position in Valmont Industries by 118.0% during the 1st quarter. Allianz Asset Management GmbH now owns 274,769 shares of the industrial products company’s stock valued at $78,411,000 after buying an additional 148,740 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt increased its position 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 buying an additional 69,780 shares in the last quarter. Nuveen LLC bought a new position in Valmont Industries during the 1st quarter valued at approximately $16,519,000. Finally, Vaughan Nelson Investment Management L.P. increased its position in Valmont Industries by 42.9% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 187,765 shares of the industrial products company’s stock valued at $61,318,000 after buying an additional 56,380 shares in the last quarter. Institutional investors own 87.84% of the company’s stock.

Wall Street Analyst Weigh In

VMI has been the subject of a number of analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Valmont Industries in a research report on Wednesday, October 8th. Stifel Nicolaus raised their price objective on Valmont Industries from $345.00 to $382.00 and gave the company a “buy” rating in a research report on Monday, July 21st. Wall Street Zen lowered Valmont Industries from a “buy” rating to a “hold” rating in a research report on Saturday. JPMorgan Chase & Co. began coverage on Valmont Industries in a report on Friday, September 26th. They issued an “overweight” rating and a $480.00 target price for the company. Finally, DA Davidson lifted their target price on Valmont Industries from $380.00 to $400.00 and gave the stock a “neutral” rating in a report on Wednesday, July 23rd. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $420.67.

Insider Activity

In other news, CAO Timothy P. Francis sold 2,867 shares of the firm’s stock in a transaction on Friday, August 1st. The stock was sold at an average price of $358.52, for a total value of $1,027,876.84. Following the transaction, the chief accounting officer directly owned 9,746 shares in the company, valued at $3,494,135.92. This trade represents a 22.73% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 1.50% of the stock is currently owned by company insiders.

Valmont Industries Stock Up 2.0%

Valmont Industries stock opened at $397.92 on Tuesday. The firm has a market cap of $7.86 billion, a price-to-earnings ratio of 37.05 and a beta of 1.15. The stock has a fifty day simple moving average of $378.11 and a two-hundred day simple moving average of $337.89. Valmont Industries, Inc. has a 12 month low of $250.07 and a 12 month high of $411.17. The company has a current ratio of 2.15, a quick ratio of 1.44 and a debt-to-equity ratio of 0.48.

Valmont Industries (NYSE:VMI) last released its quarterly earnings results on Tuesday, July 22nd. The industrial products company reported $4.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.78 by $0.10. The firm had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.03 billion. Valmont Industries had a return on equity of 22.10% and a net margin of 5.98%.The company’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same period last year, the business posted $4.91 EPS. Valmont Industries has set its FY 2025 guidance at 17.500-19.500 EPS. Equities analysts predict that Valmont Industries, Inc. will post 18.07 EPS for the current fiscal year.

Valmont Industries Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Friday, September 26th will be paid a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Friday, September 26th. Valmont Industries’s dividend payout ratio (DPR) is 25.33%.

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.