Jupiter Asset Management Ltd. grew its position in Valmont Industries, Inc. (NYSE:VMI – Free Report) by 14.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 37,449 shares of the industrial products company’s stock after purchasing an additional 4,612 shares during the quarter. Jupiter Asset Management Ltd.’s holdings in Valmont Industries were worth $15,066,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently modified their holdings of VMI. Community Bank N.A. purchased a new position in Valmont Industries in the third quarter valued at $25,000. Elyxium Wealth LLC acquired a new position in shares of Valmont Industries during the 4th quarter worth about $27,000. Leonteq Securities AG acquired a new position in shares of Valmont Industries during the 4th quarter worth about $30,000. Abich Financial Wealth Management LLC purchased a new position in shares of Valmont Industries in the 3rd quarter valued at about $36,000. Finally, Montag A & Associates Inc. raised its position in shares of Valmont Industries by 1,428.6% during the 4th quarter. Montag A & Associates Inc. now owns 107 shares of the industrial products company’s stock worth $43,000 after acquiring an additional 100 shares in the last quarter. Institutional investors and hedge funds own 87.84% of the company’s stock.
Analysts Set New Price Targets
Several equities research analysts recently weighed in on the company. Oppenheimer set a $600.00 target price on Valmont Industries and gave the stock an “outperform” rating in a research note on Thursday. Weiss Ratings raised shares of Valmont Industries from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, May 21st. Stifel Nicolaus boosted their price objective on shares of Valmont Industries from $497.00 to $541.00 and gave the stock a “buy” rating in a research report on Wednesday, April 22nd. Zacks Research upgraded shares of Valmont Industries from a “hold” rating to a “strong-buy” rating in a report on Thursday, April 23rd. Finally, DA Davidson increased their target price on shares of Valmont Industries from $415.00 to $450.00 and gave the company a “neutral” rating in a research report on Wednesday, February 18th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Buy” and an average price target of $525.25.
Valmont Industries Price Performance
VMI stock opened at $519.42 on Friday. The company has a market capitalization of $10.08 billion, a P/E ratio of 28.84 and a beta of 1.36. Valmont Industries, Inc. has a twelve month low of $310.00 and a twelve month high of $535.32. The business has a 50 day simple moving average of $460.83 and a 200-day simple moving average of $440.09. The company has a current ratio of 2.38, a quick ratio of 1.59 and a debt-to-equity ratio of 0.47.
Valmont Industries (NYSE:VMI – Get Free Report) last announced its earnings results on Tuesday, April 21st. The industrial products company reported $5.51 EPS for the quarter, beating analysts’ consensus estimates of $4.72 by $0.79. Valmont Industries had a net margin of 8.91% and a return on equity of 24.94%. The business had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $994.85 million. During the same period in the previous year, the company posted $4.32 EPS. The company’s quarterly revenue was up 6.2% on a year-over-year basis. As a group, equities analysts anticipate that Valmont Industries, Inc. will post 22.78 EPS for the current year.
Valmont Industries Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Friday, June 26th will be issued a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Friday, June 26th. Valmont Industries’s dividend payout ratio is presently 17.10%.
Insider Buying and Selling at Valmont Industries
In related news, Director Mogens C. Bay sold 17,500 shares of the business’s stock in a transaction dated Friday, April 24th. The stock was sold at an average price of $492.34, for a total value of $8,615,950.00. Following the transaction, the director owned 112,309 shares in the company, valued at $55,294,213.06. The trade was a 13.48% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 1.42% of the company’s stock.
Valmont Industries Company Profile
Valmont Industries, Inc (NYSE: VMI) is a diversified industrial manufacturer specializing in infrastructure and agricultural products. Headquartered in Omaha, Nebraska, the company engages in the design, production and distribution of engineered products that support water management, power transmission, lighting and traffic infrastructure. Valmont’s solutions range from center-pivot and lateral-move irrigation systems to utility poles, transmission towers, lighting structures and highway traffic signal support structures.
The company operates through several core business segments.
See Also
- Five stocks we like better than Valmont Industries
- Shares Fall, Targets Rise—Markets and Analysts Diverge on Synopsys
- Salesforce Stock Finds Support as AI Momentum Builds
- Dollar Tree Keeps Winning After Family Dollar Divorce
- Apple’s Agentic AI Plans Could Be Its Biggest Growth Story Yet
Want to see what other hedge funds are holding VMI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Valmont Industries, Inc. (NYSE:VMI – Free Report).
Receive News & Ratings for Valmont Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Valmont Industries and related companies with MarketBeat.com's FREE daily email newsletter.
