Intech Investment Management LLC Grows Stock Holdings in Valmont Industries, Inc. $VMI

Intech Investment Management LLC grew its stake in shares of Valmont Industries, Inc. (NYSE:VMI) by 91.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,997 shares of the industrial products company’s stock after buying an additional 5,238 shares during the period. Intech Investment Management LLC owned 0.06% of Valmont Industries worth $3,591,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Cerity Partners LLC bought a new stake in shares of Valmont Industries in the 1st quarter worth approximately $207,000. New York State Common Retirement Fund raised its holdings in shares of Valmont Industries by 9.3% during the first quarter. New York State Common Retirement Fund now owns 11,726 shares of the industrial products company’s stock valued at $3,346,000 after acquiring an additional 1,000 shares in the last quarter. Signaturefd LLC lifted its stake in Valmont Industries by 23.9% in the first quarter. Signaturefd LLC now owns 270 shares of the industrial products company’s stock worth $77,000 after acquiring an additional 52 shares during the period. Diversify Advisory Services LLC purchased a new position in Valmont Industries during the 1st quarter valued at $285,000. Finally, IFP Advisors Inc raised its holdings in Valmont Industries by 804.4% in the 1st quarter. IFP Advisors Inc now owns 407 shares of the industrial products company’s stock worth $117,000 after purchasing an additional 362 shares in the last quarter. Institutional investors own 87.84% of the company’s stock.

Valmont Industries Price Performance

Shares of NYSE:VMI opened at $386.95 on Wednesday. The firm’s 50 day moving average price is $396.62 and its 200-day moving average price is $361.03. The stock has a market capitalization of $7.62 billion, a PE ratio of 33.33 and a beta of 1.21. Valmont Industries, Inc. has a twelve month low of $250.07 and a twelve month 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.

Valmont Industries (NYSE:VMI) last released its quarterly earnings data 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. 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 during the quarter, compared to analyst estimates of $1.03 billion. During the same quarter in the prior year, the company posted $4.11 earnings per share. The business’s quarterly 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 research analysts expect that Valmont Industries, Inc. will post 18.07 EPS for the current year.

Valmont Industries Announces Dividend

The firm also recently announced 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 annualized dividend and a yield of 0.7%. The ex-dividend date is Friday, December 26th. Valmont Industries’s dividend payout ratio is presently 23.43%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on VMI shares. Wall Street Zen raised Valmont Industries from a “hold” rating to a “buy” rating in a research note on Sunday, October 19th. JPMorgan Chase & Co. initiated coverage on shares of Valmont Industries in a research report on Friday, September 26th. They issued an “overweight” rating and a $480.00 target price on the stock. Weiss Ratings reissued a “hold (c+)” rating on shares of Valmont Industries in a research report on Thursday, November 13th. 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. Finally, Stifel Nicolaus lifted their target price on shares of Valmont Industries from $400.00 to $450.00 and gave the company a “buy” rating in a report on Monday, October 20th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Valmont Industries currently has a consensus rating of “Moderate Buy” and a consensus target price of $448.33.

Insider Activity

In related news, insider James Christopher Colwell sold 375 shares of the company’s stock in a transaction on Thursday, October 23rd. The stock was sold at an average price of $410.68, for a total transaction of $154,005.00. Following the completion of the sale, the insider directly owned 7,286 shares in the company, valued at $2,992,214.48. This represents a 4.89% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Corporate 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.