Valmont Industries, Inc. $VMI Shares Acquired by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. lifted its stake in shares of Valmont Industries, Inc. (NYSE:VMI) by 12.8% during the 2nd quarter, Holdings Channel reports. The fund owned 4,451 shares of the industrial products company’s stock after buying an additional 505 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Valmont Industries were worth $1,454,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the company. WPG Advisers LLC acquired a new stake in Valmont Industries during the first quarter worth about $27,000. Smartleaf Asset Management LLC grew its stake in shares of Valmont Industries by 87.7% in the 1st quarter. Smartleaf Asset Management LLC now owns 107 shares of the industrial products company’s stock valued at $31,000 after buying an additional 50 shares during the period. Geneos Wealth Management Inc. increased 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 buying an additional 105 shares during the last quarter. Ameritas Advisory Services LLC purchased a new stake in shares of Valmont Industries during the 2nd quarter valued at approximately $46,000. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new position in Valmont Industries in the second quarter valued at approximately $47,000. Hedge funds and other institutional investors own 87.84% of the company’s stock.

Valmont Industries Trading Down 1.6%

NYSE VMI opened at $412.40 on Friday. Valmont Industries, Inc. has a 52 week low of $250.07 and a 52 week high of $427.81. The firm has a 50 day moving average of $388.40 and a two-hundred day moving average of $349.48. The company has a quick ratio of 1.50, a current ratio of 2.26 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $8.12 billion, a PE ratio of 35.52 and a beta of 1.15.

Valmont Industries (NYSE:VMI) last released 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. The business had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.03 billion. Valmont Industries had a net margin of 6.33% and a return on equity of 22.92%. The company’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same period in the previous year, the company earned $4.11 EPS. Valmont Industries has set its FY 2025 guidance at 18.700-19.50 EPS. As a group, research analysts expect that Valmont Industries, Inc. will post 18.07 EPS for the current fiscal year.

Valmont Industries Dividend Announcement

The firm also recently declared 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 of this dividend is Friday, December 26th. Valmont Industries’s payout ratio is 23.43%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on VMI shares. JPMorgan Chase & Co. started coverage on Valmont Industries in a research note on Friday, September 26th. They set an “overweight” rating and a $480.00 target price for the company. Stifel Nicolaus raised their price objective on Valmont Industries from $400.00 to $450.00 and gave the stock a “buy” rating in a research report on Monday, October 20th. Wall Street Zen raised shares of Valmont Industries from a “hold” rating to a “buy” rating in a research report on Sunday, October 19th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Valmont Industries in a research note on Wednesday, October 8th. Finally, DA Davidson upped their price objective on shares of Valmont Industries from $400.00 to $415.00 and gave the stock a “neutral” rating in a report on Wednesday, October 22nd. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, Valmont Industries has an average rating of “Moderate Buy” and a consensus price target of $448.33.

Insider Activity

In other news, insider James Christopher Colwell sold 375 shares of the 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 transaction, the insider owned 7,286 shares in the company, valued at approximately $2,992,214.48. This represents a 4.89% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate 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.