Illinois Municipal Retirement Fund Boosts Stake in Valmont Industries, Inc. $VMI

Illinois Municipal Retirement Fund raised its stake in shares of Valmont Industries, Inc. (NYSE:VMI) by 131.5% during the second quarter, Holdings Channel.com reports. The institutional investor owned 9,042 shares of the industrial products company’s stock after buying an additional 5,136 shares during the period. Illinois Municipal Retirement Fund’s holdings in Valmont Industries were worth $2,953,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. WPG Advisers LLC purchased a new stake in shares of Valmont Industries in the first quarter valued at $27,000. Smartleaf Asset Management LLC boosted its stake 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 purchasing an additional 50 shares during the last quarter. Parkside Financial Bank & Trust boosted its stake in shares of Valmont Industries by 93.9% during the 2nd quarter. Parkside Financial Bank & Trust now owns 128 shares of the industrial products company’s stock worth $42,000 after purchasing an additional 62 shares during the last quarter. Geneos Wealth Management Inc. grew its holdings in shares of Valmont Industries by 223.4% during the first 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 in the last quarter. Finally, Ameritas Advisory Services LLC acquired a new position in shares of Valmont Industries during the 2nd quarter valued at about $46,000. 87.84% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on VMI shares. Stifel Nicolaus lifted their price target on shares of Valmont Industries from $400.00 to $450.00 and gave the company a “buy” rating in a research report on Monday, October 20th. DA Davidson raised their price target on shares of Valmont Industries from $400.00 to $415.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 22nd. Weiss Ratings restated a “hold (c)” rating on shares of Valmont Industries in a research note on Wednesday, October 8th. Wall Street Zen upgraded Valmont Industries from a “hold” rating to a “buy” rating in a research note on Sunday, October 19th. Finally, JPMorgan Chase & Co. assumed coverage on Valmont Industries in a research note on Friday, September 26th. They issued an “overweight” rating and a $480.00 target price for the company. 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.com, Valmont Industries presently has an average rating of “Moderate Buy” and an average target price of $448.33.

Insider Transactions at Valmont Industries

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

Valmont Industries Price Performance

VMI opened at $398.45 on Friday. The company has a current ratio of 2.26, a quick ratio of 1.50 and a debt-to-equity ratio of 0.46. The stock has a market cap of $7.85 billion, a price-to-earnings ratio of 34.32 and a beta of 1.21. Valmont Industries, Inc. has a 1 year low of $250.07 and a 1 year high of $427.81. The stock has a fifty day moving average price of $395.70 and a 200 day moving average price of $358.20.

Valmont Industries (NYSE:VMI) last released its quarterly earnings results on Tuesday, October 21st. The industrial products company reported $4.98 EPS for the quarter, beating analysts’ consensus estimates of $4.64 by $0.34. The company had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.03 billion. Valmont Industries had a net margin of 6.33% and a return on equity of 22.92%. The company’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter last year, the firm posted $4.11 earnings per share. Valmont Industries has set its FY 2025 guidance at 18.700-19.50 EPS. Analysts forecast that Valmont Industries, Inc. will post 18.07 EPS for the current fiscal year.

Valmont Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Friday, December 26th will be issued a $0.68 dividend. The ex-dividend date of this dividend 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 (DPR) is currently 23.43%.

About Valmont Industries

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.