Savvy Advisors Inc. Buys 153 Shares of Valmont Industries, Inc. $VMI

Savvy Advisors Inc. lifted its stake in Valmont Industries, Inc. (NYSE:VMI) by 18.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 985 shares of the industrial products company’s stock after acquiring an additional 153 shares during the period. Savvy Advisors Inc.’s holdings in Valmont Industries were worth $322,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. WPG Advisers LLC bought a new position in shares of Valmont Industries in the 1st quarter worth $27,000. Smartleaf Asset Management LLC raised its position 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 worth $31,000 after acquiring an additional 50 shares in the last quarter. Ameritas Advisory Services LLC bought a new position in shares of Valmont Industries in the 2nd quarter worth $46,000. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Valmont Industries in the 2nd quarter worth $47,000. Finally, Parallel Advisors LLC increased its position in Valmont Industries by 128.8% during the 2nd quarter. Parallel Advisors LLC now owns 151 shares of the industrial products company’s stock valued at $49,000 after buying an additional 85 shares in the last quarter. 87.84% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have commented 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 for the company. Wall Street Zen upgraded Valmont Industries from a “hold” rating to a “buy” rating in a research note on Sunday, October 19th. Weiss Ratings reiterated a “hold (c)” rating on shares of Valmont Industries in a research note on Wednesday, October 8th. DA Davidson increased their price target on Valmont Industries from $400.00 to $415.00 and gave the company a “neutral” rating in a research note on Wednesday, October 22nd. Finally, Stifel Nicolaus increased their price target on Valmont Industries from $400.00 to $450.00 and gave the company a “buy” rating in a research note on Monday, October 20th. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $448.33.

Valmont Industries Stock Up 0.3%

Shares of VMI opened at $414.01 on Friday. Valmont Industries, Inc. has a 52 week low of $250.07 and a 52 week high of $427.81. 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 company has a market capitalization of $8.16 billion, a price-to-earnings ratio of 35.66 and a beta of 1.15. The stock’s 50-day moving average price is $389.19 and its 200-day moving average price is $350.85.

Valmont Industries (NYSE:VMI) last issued its earnings results on Tuesday, October 21st. The industrial products company reported $4.98 EPS for the quarter, topping analysts’ consensus estimates of $4.64 by $0.34. Valmont Industries had a return on equity of 22.92% and a net margin of 6.33%.The firm had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter in the prior year, the business earned $4.11 earnings per share. 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. On average, sell-side analysts predict that Valmont Industries, Inc. will post 18.07 EPS for the current year.

Valmont Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Friday, December 26th will be paid a $0.68 dividend. The ex-dividend date is Friday, December 26th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 0.7%. Valmont Industries’s dividend payout ratio is presently 23.43%.

Insider Activity at Valmont Industries

In other news, insider James Christopher Colwell sold 375 shares of the company’s 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 sale, the insider owned 7,286 shares in the company, valued at $2,992,214.48. This represents a 4.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.50% of the stock is owned by insiders.

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.