Valmont Industries, Inc. $VMI Shares Acquired by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC boosted its holdings in Valmont Industries, Inc. (NYSE:VMI) by 34.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 35,232 shares of the industrial products company’s stock after buying an additional 8,991 shares during the period. Allspring Global Investments Holdings LLC owned 0.18% of Valmont Industries worth $11,506,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in VMI. WPG Advisers LLC acquired a new stake in Valmont Industries in the 1st quarter worth about $27,000. Smartleaf Asset Management LLC boosted its stake in Valmont Industries by 87.7% in the 1st quarter. Smartleaf Asset Management LLC now owns 107 shares of the industrial products company’s stock worth $31,000 after buying an additional 50 shares during the last quarter. Geneos Wealth Management Inc. boosted its stake in Valmont Industries by 223.4% in the 1st quarter. Geneos Wealth Management Inc. now owns 152 shares of the industrial products company’s stock worth $43,000 after buying an additional 105 shares during the last quarter. Ameritas Advisory Services LLC acquired a new stake in Valmont Industries in the 2nd quarter worth about $46,000. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new stake in Valmont Industries in the 2nd quarter worth about $47,000. 87.84% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Valmont Industries Stock Performance

Shares of NYSE:VMI opened at $404.70 on Friday. The company has a market cap of $7.99 billion, a P/E ratio of 37.68 and a beta of 1.15. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.44 and a current ratio of 2.15. Valmont Industries, Inc. has a one year low of $250.07 and a one year high of $414.53. The business’s 50-day simple moving average is $381.18 and its 200 day simple moving average is $340.78.

Valmont Industries (NYSE:VMI) last announced its earnings results on Tuesday, July 22nd. The industrial products company reported $4.88 EPS for the quarter, beating the consensus estimate of $4.78 by $0.10. The business 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 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. On average, sell-side analysts forecast that Valmont Industries, Inc. will post 18.07 earnings per share for the current fiscal year.

Valmont Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Friday, September 26th were issued a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Friday, September 26th. Valmont Industries’s dividend payout ratio (DPR) is presently 25.33%.

Insider Activity at Valmont Industries

In related news, CAO Timothy P. Francis sold 2,867 shares of the firm’s stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $358.52, for a total transaction of $1,027,876.84. Following the sale, the chief accounting officer directly owned 9,746 shares in the company, valued at approximately $3,494,135.92. This trade represents a 22.73% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 1.50% of the company’s stock.

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.