VIRGINIA RETIREMENT SYSTEMS ET Al Invests $2.19 Million in Valmont Industries, Inc. $VMI

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Valmont Industries, Inc. (NYSE:VMI) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 6,700 shares of the industrial products company’s stock, valued at approximately $2,188,000.

Several other hedge funds and other institutional investors have also made changes to their positions in VMI. GAMMA Investing LLC boosted its position in shares of Valmont Industries by 82.3% during the first quarter. GAMMA Investing LLC now owns 226 shares of the industrial products company’s stock worth $64,000 after buying an additional 102 shares during the period. Wealth Enhancement Advisory Services LLC boosted its position in shares of Valmont Industries by 18.0% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 2,579 shares of the industrial products company’s stock worth $736,000 after buying an additional 393 shares during the period. Janney Montgomery Scott LLC boosted its position in shares of Valmont Industries by 16.1% during the first quarter. Janney Montgomery Scott LLC now owns 1,490 shares of the industrial products company’s stock worth $425,000 after buying an additional 207 shares during the period. State of Alaska Department of Revenue boosted its position in shares of Valmont Industries by 2.6% during the first quarter. State of Alaska Department of Revenue now owns 2,347 shares of the industrial products company’s stock worth $669,000 after buying an additional 60 shares during the period. Finally, Lecap Asset Management Ltd. boosted its position in shares of Valmont Industries by 141.3% during the first quarter. Lecap Asset Management Ltd. now owns 4,136 shares of the industrial products company’s stock worth $1,180,000 after buying an additional 2,422 shares during the period. 87.84% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently issued reports on VMI. Wall Street Zen upgraded Valmont Industries from a “hold” rating to a “buy” rating in a research report on Sunday. JPMorgan Chase & Co. began coverage on Valmont Industries in a research report on Friday, September 26th. They issued an “overweight” rating and a $480.00 target price for the company. Stifel Nicolaus upped their target price on Valmont Industries from $400.00 to $450.00 and gave the stock a “buy” rating in a research report on Monday. DA Davidson upped their target price on Valmont Industries from $380.00 to $400.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 23rd. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Valmont Industries in a research report on Wednesday, October 8th. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $443.33.

Insider Activity

In other Valmont Industries news, CAO Timothy P. Francis sold 2,867 shares of the company’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 owned 9,746 shares of the company’s stock, valued at approximately $3,494,135.92. This represents a 22.73% decrease in their ownership of the stock. The transaction 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

VMI opened at $415.00 on Wednesday. The company has a market capitalization of $8.19 billion, a price-to-earnings ratio of 38.64 and a beta of 1.15. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.15 and a quick ratio of 1.44. Valmont Industries, Inc. has a 1-year low of $250.07 and a 1-year high of $418.90. The business has a 50 day moving average price of $382.69 and a two-hundred day moving average price of $342.72.

Valmont Industries (NYSE:VMI) last released its earnings results on Tuesday, October 21st. The industrial products company reported $4.98 earnings per share for the quarter, topping analysts’ consensus estimates of $4.64 by $0.34. The firm had revenue of $1.05 billion during 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 firm’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $4.11 earnings per share. Valmont Industries has set its FY 2025 guidance at 18.700-19.50 EPS. Research analysts predict that Valmont Industries, Inc. will post 18.07 EPS for the current fiscal year.

Valmont Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Friday, September 26th were issued a $0.68 dividend. The ex-dividend date of this dividend was Friday, September 26th. This represents a $2.72 annualized dividend and a dividend yield of 0.7%. Valmont Industries’s dividend payout ratio is currently 25.33%.

Valmont Industries Company 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.