Southernsun Asset Management LLC reduced its stake in shares of Valmont Industries, Inc. (NYSE:VMI – Free Report) by 18.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,597 shares of the industrial products company’s stock after selling 3,631 shares during the quarter. Valmont Industries comprises approximately 1.0% of Southernsun Asset Management LLC’s holdings, making the stock its 28th largest position. Southernsun Asset Management LLC’s holdings in Valmont Industries were worth $6,632,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently modified their holdings of VMI. Robert B. Daugherty Foundation purchased a new position in shares of Valmont Industries in the fourth quarter worth $100,580,000. Norges Bank purchased a new position in Valmont Industries during the fourth quarter valued at $99,799,000. Ninety One UK Ltd purchased a new position in Valmont Industries during the fourth quarter valued at $66,103,000. AQR Capital Management LLC increased its holdings in Valmont Industries by 118.8% in the 3rd quarter. AQR Capital Management LLC now owns 282,610 shares of the industrial products company’s stock valued at $108,884,000 after acquiring an additional 153,418 shares during the last quarter. Finally, Qube Research & Technologies Ltd increased its holdings in Valmont Industries by 179.6% in the 2nd quarter. Qube Research & Technologies Ltd now owns 117,342 shares of the industrial products company’s stock valued at $38,320,000 after acquiring an additional 75,377 shares during the last quarter. Institutional investors own 87.84% of the company’s stock.
Analyst Ratings Changes
Several research analysts have commented on VMI shares. Weiss Ratings raised shares of Valmont Industries from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, June 26th. Zacks Research cut Valmont Industries from a “strong-buy” rating to a “hold” rating in a report on Monday. Wall Street Zen upgraded Valmont Industries from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Stifel Nicolaus increased their price target on Valmont Industries from $645.00 to $678.00 and gave the company a “buy” rating in a research note on Monday. Finally, Oppenheimer set a $600.00 price target on Valmont Industries and gave the company an “outperform” rating in a report on Thursday, May 28th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Valmont Industries presently has an average rating of “Moderate Buy” and an average price target of $582.00.
Insider Buying and Selling
In related news, Director Mogens C. Bay sold 17,500 shares of Valmont Industries 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 completion of the transaction, the director owned 112,309 shares in the company, valued at approximately $55,294,213.06. This trade represents a 13.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.42% of the company’s stock.
Key Headlines Impacting Valmont Industries
Here are the key news stories impacting Valmont Industries this week:
- Positive Sentiment: Valmont beat second-quarter estimates, reporting EPS of $6.14 versus expectations of $5.76 and revenue of $1.12 billion versus $1.09 billion expected, suggesting solid operational performance. Article Title
- Positive Sentiment: The company raised full-year guidance, and commentary highlighted strong utility/infrastructure demand, which supports the long-term growth story for VMI. Article Title
- Neutral Sentiment: Analysts continued to frame the quarter as a mixed setup: strong utility growth and better earnings, but only a moderate increase to EPS guidance, which may have limited the upside reaction. Article Title
- Neutral Sentiment: Recent price-target updates remain constructive, including Stifel’s move to $678 and JP Morgan’s $600 target, indicating Wall Street still sees upside despite the pullback. Article Title
- Negative Sentiment: Shares fell as investors weighed lingering weakness in agriculture and softer telecommunications demand, which offset the strong headline earnings beat. Article Title
- Negative Sentiment: GuruFocus said VMI remains overvalued on its GF Value measure, reinforcing concerns that the stock may have gotten ahead of fundamentals. Article Title
Valmont Industries Price Performance
Valmont Industries stock opened at $506.10 on Wednesday. Valmont Industries, Inc. has a 52-week low of $337.93 and a 52-week high of $585.71. The company has a quick ratio of 1.59, a current ratio of 2.38 and a debt-to-equity ratio of 0.47. The firm’s fifty day moving average is $539.65 and its 200 day moving average is $477.08. The company has a market cap of $9.83 billion, a price-to-earnings ratio of 28.10, a PEG ratio of 1.21 and a beta of 1.33.
Valmont Industries (NYSE:VMI – Get Free Report) last issued its quarterly earnings data on Tuesday, July 21st. The industrial products company reported $6.14 EPS for the quarter, topping analysts’ consensus estimates of $5.80 by $0.34. Valmont Industries had a net margin of 8.91% and a return on equity of 24.94%. The business had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.09 billion. During the same period last year, the company posted $4.88 EPS. Sell-side analysts forecast that Valmont Industries, Inc. will post 22.82 EPS for the current fiscal year.
Valmont Industries Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Friday, June 26th were issued a $0.77 dividend. The ex-dividend date of this dividend was Friday, June 26th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 0.6%. Valmont Industries’s dividend payout ratio (DPR) is presently 17.10%.
About Valmont Industries
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.
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