Valmont Industries, Inc. $VMI Shares Purchased by Seizert Capital Partners LLC

Seizert Capital Partners LLC raised its position in Valmont Industries, Inc. (NYSE:VMI) by 62.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,864 shares of the industrial products company’s stock after purchasing an additional 3,792 shares during the quarter. Seizert Capital Partners LLC’s holdings in Valmont Industries were worth $3,221,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. WPG Advisers LLC purchased a new stake in shares of Valmont Industries during the 1st quarter valued at approximately $27,000. Smartleaf Asset Management LLC increased its stake in Valmont Industries by 87.7% during the first 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 last quarter. Parkside Financial Bank & Trust raised its position in Valmont Industries by 93.9% in the second quarter. Parkside Financial Bank & Trust now owns 128 shares of the industrial products company’s stock valued at $42,000 after purchasing an additional 62 shares during the period. Geneos Wealth Management Inc. raised its position in Valmont Industries by 223.4% in the first quarter. Geneos Wealth Management Inc. now owns 152 shares of the industrial products company’s stock valued at $43,000 after purchasing an additional 105 shares during the period. Finally, Ameritas Advisory Services LLC acquired a new position in shares of Valmont Industries in the 2nd quarter valued at $46,000. Hedge funds and other institutional investors own 87.84% of the company’s stock.

Wall Street Analysts Forecast Growth

VMI has been the topic of several research analyst reports. Stifel Nicolaus boosted their price objective 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. Wall Street Zen raised shares of Valmont Industries from a “hold” rating to a “buy” rating in a research note on Sunday, October 19th. 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. JPMorgan Chase & Co. started coverage on shares of Valmont Industries in a report on Friday, September 26th. They issued an “overweight” rating and a $480.00 target price for the company. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Valmont Industries in a research note on Thursday, November 13th. 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, Valmont Industries has an average rating of “Moderate Buy” and an average price target of $448.33.

Insider Activity

In other news, insider James Christopher Colwell sold 375 shares of the business’s stock in a transaction dated 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 transaction, the insider directly owned 7,286 shares of the company’s stock, valued at approximately $2,992,214.48. The trade was a 4.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 1.50% of the company’s stock.

Valmont Industries Price Performance

Valmont Industries stock opened at $386.95 on Wednesday. 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, Inc. has a 52-week low of $250.07 and a 52-week high of $427.81. The firm has a market cap of $7.62 billion, a PE ratio of 33.33 and a beta of 1.21. The company’s 50 day moving average is $396.62 and its two-hundred day moving average is $361.03.

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

Valmont Industries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Friday, December 26th will be given 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 yield of 0.7%. Valmont Industries’s dividend payout ratio (DPR) is currently 23.43%.

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.