Leeward Investments LLC MA Buys 5,934 Shares of Valmont Industries, Inc. $VMI

Leeward Investments LLC MA lifted its position in shares of Valmont Industries, Inc. (NYSE:VMI) by 10.9% in the second quarter, HoldingsChannel.com reports. The fund owned 60,598 shares of the industrial products company’s stock after buying an additional 5,934 shares during the period. Valmont Industries comprises approximately 1.1% of Leeward Investments LLC MA’s portfolio, making the stock its 23rd biggest holding. Leeward Investments LLC MA’s holdings in Valmont Industries were worth $19,789,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in VMI. WPG Advisers LLC bought a new stake in shares of Valmont Industries during the 1st quarter worth approximately $27,000. Smartleaf Asset Management LLC lifted its holdings 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 during the period. Geneos Wealth Management Inc. lifted its holdings in shares of Valmont Industries by 223.4% during the 1st quarter. Geneos Wealth Management Inc. now owns 152 shares of the industrial products company’s stock worth $43,000 after acquiring an additional 105 shares during the period. Ameritas Advisory Services LLC acquired a new stake in shares of Valmont Industries in the 2nd quarter valued at approximately $46,000. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Valmont Industries in the 2nd quarter valued at approximately $47,000. Institutional investors own 87.84% of the company’s stock.

Analysts Set New Price Targets

VMI has been the topic of a number of research analyst reports. DA Davidson raised their price target on shares of Valmont Industries from $400.00 to $415.00 and gave the company a “neutral” rating in a research note on Wednesday. Stifel Nicolaus raised their price target on shares of Valmont Industries from $400.00 to $450.00 and gave the company a “buy” rating in a research note on Monday, October 20th. Wall Street Zen upgraded shares of Valmont Industries from a “hold” rating to a “buy” rating in a research note on Sunday, October 19th. Weiss Ratings restated a “hold (c)” rating on shares of Valmont Industries in a research note on Friday. Finally, JPMorgan Chase & Co. began coverage on shares of Valmont Industries in a report on Friday, September 26th. They issued an “overweight” rating and a $480.00 price objective for the company. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $448.33.

Valmont Industries Stock Up 1.7%

Valmont Industries stock opened at $418.12 on Friday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.44 and a current ratio of 2.26. Valmont Industries, Inc. has a 52-week low of $250.07 and a 52-week high of $420.00. The firm has a 50 day moving average price of $384.67 and a two-hundred day moving average price of $345.77. The firm has a market cap of $8.25 billion, a price-to-earnings ratio of 36.01 and a beta of 1.15.

Valmont Industries (NYSE:VMI) last released its quarterly earnings results 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 firm had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.03 billion. During the same quarter last year, the business earned $4.11 EPS. The company’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. Equities analysts predict that Valmont Industries, Inc. will post 18.07 EPS for the current year.

Valmont Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Friday, September 26th were paid a $0.68 dividend. The ex-dividend date was Friday, September 26th. This represents a $2.72 annualized dividend and a dividend yield of 0.7%. Valmont Industries’s payout ratio is currently 23.43%.

Insider Buying and Selling at Valmont Industries

In other news, insider James Christopher Colwell sold 375 shares of Valmont Industries stock in a transaction on Thursday, October 23rd. The shares were sold at an average price of $410.68, for a total value of $154,005.00. Following the completion of the sale, the insider owned 7,286 shares in the company, 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 is available through this link. Also, CAO Timothy P. Francis sold 2,867 shares of Valmont Industries stock in a transaction on Friday, August 1st. The shares were sold at an average price of $358.52, for a total transaction of $1,027,876.84. Following the completion of the sale, the chief accounting officer owned 9,746 shares of the company’s stock, valued at $3,494,135.92. This represents a 22.73% decrease in their position. The disclosure for this sale can be found here. Insiders own 1.50% of the company’s stock.

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.