Inspire Investing LLC Buys 2,276 Shares of Valmont Industries, Inc. $VMI

Inspire Investing LLC raised its holdings in shares of Valmont Industries, Inc. (NYSE:VMI) by 170.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,610 shares of the industrial products company’s stock after purchasing an additional 2,276 shares during the period. Inspire Investing LLC’s holdings in Valmont Industries were worth $1,030,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Dimensional Fund Advisors LP raised its position in Valmont Industries by 1.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 429,900 shares of the industrial products company’s stock valued at $122,682,000 after purchasing an additional 4,722 shares during the last quarter. Segall Bryant & Hamill LLC raised its position in Valmont Industries by 3.4% during the 1st quarter. Segall Bryant & Hamill LLC now owns 299,901 shares of the industrial products company’s stock valued at $85,583,000 after purchasing an additional 9,979 shares during the last quarter. Allianz Asset Management GmbH raised its position in shares of Valmont Industries by 118.0% in the 1st quarter. Allianz Asset Management GmbH now owns 274,769 shares of the industrial products company’s stock worth $78,411,000 after acquiring an additional 148,740 shares in the last quarter. Northern Trust Corp raised its position in shares of Valmont Industries by 7.3% in the 1st quarter. Northern Trust Corp now owns 216,253 shares of the industrial products company’s stock worth $61,712,000 after acquiring an additional 14,694 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its position in shares of Valmont Industries by 759.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 172,967 shares of the industrial products company’s stock worth $49,361,000 after acquiring an additional 152,832 shares in the last quarter. Institutional investors own 87.84% of the company’s stock.

Valmont Industries Stock Performance

Shares of VMI opened at $373.76 on Friday. The business’s fifty day simple moving average is $362.21 and its two-hundred day simple moving average is $328.46. The company has a current ratio of 2.15, a quick ratio of 1.44 and a debt-to-equity ratio of 0.48. Valmont Industries, Inc. has a 12 month low of $250.07 and a 12 month high of $388.55. The company has a market cap of $7.38 billion, a price-to-earnings ratio of 34.80 and a beta of 1.14.

Valmont Industries (NYSE:VMI) last issued its earnings results on Tuesday, July 22nd. The industrial products company reported $4.88 EPS for the quarter, beating the consensus estimate of $4.78 by $0.10. Valmont Industries had a return on equity of 22.10% and a net margin of 5.98%.The business had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same period last year, the business posted $4.91 EPS. The company’s revenue was up 1.0% compared to the same quarter last year. Valmont Industries has set its FY 2025 guidance at 17.500-19.500 EPS. Research analysts anticipate that Valmont Industries, Inc. will post 18.07 earnings per share for the current fiscal year.

Valmont Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Friday, September 26th will be paid 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, September 26th. Valmont Industries’s dividend payout ratio (DPR) is currently 25.33%.

Insider Buying and Selling

In other Valmont Industries news, CAO Timothy P. Francis sold 2,867 shares of the stock in a transaction on Friday, August 1st. The stock was sold at an average price of $358.52, for a total transaction of $1,027,876.84. Following the sale, the chief accounting officer directly owned 9,746 shares in the company, valued at approximately $3,494,135.92. This trade represents a 22.73% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.50% of the company’s stock.

Analysts Set New Price Targets

VMI has been the topic of several recent research reports. Wall Street Zen downgraded Valmont Industries from a “buy” rating to a “hold” rating in a research note on Sunday, September 7th. DA Davidson upped their price target on Valmont Industries from $380.00 to $400.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 23rd. Finally, Stifel Nicolaus upped their price target on Valmont Industries from $345.00 to $382.00 and gave the stock a “buy” rating in a research note on Monday, July 21st. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $391.00.

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.