Moloney Securities Asset Management LLC Increases Holdings in Valmont Industries, Inc. $VMI

Moloney Securities Asset Management LLC grew its holdings in Valmont Industries, Inc. (NYSE:VMI) by 16.6% during the 2nd quarter, Holdings Channel.com reports. The fund owned 1,098 shares of the industrial products company’s stock after acquiring an additional 156 shares during the period. Moloney Securities Asset Management LLC’s holdings in Valmont Industries were worth $359,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in VMI. WPG Advisers LLC purchased a new stake in shares of Valmont Industries in the first quarter worth about $27,000. Smartleaf Asset Management LLC lifted its position in shares of Valmont Industries by 87.7% in the first quarter. Smartleaf Asset Management LLC now owns 107 shares of the industrial products company’s stock worth $31,000 after buying an additional 50 shares in the last quarter. Geneos Wealth Management Inc. lifted its position in shares of Valmont Industries by 223.4% in the first quarter. Geneos Wealth Management Inc. now owns 152 shares of the industrial products company’s stock worth $43,000 after buying an additional 105 shares in the last quarter. Ameritas Advisory Services LLC purchased a new stake in shares of Valmont Industries in the second quarter worth about $46,000. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Valmont Industries in the second quarter worth about $47,000. 87.84% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Valmont Industries

In other news, CAO Timothy P. Francis sold 2,867 shares of the stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $358.52, for a total value 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 represents a 22.73% 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. Also, insider James Christopher Colwell sold 375 shares of the stock in a transaction that occurred on Thursday, October 23rd. The stock was sold at an average price of $410.68, for a total value of $154,005.00. Following the completion of the sale, the insider owned 7,286 shares in the company, valued at approximately $2,992,214.48. The trade was a 4.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.50% of the company’s stock.

Wall Street Analyst Weigh In

VMI has been the topic of a number of research analyst reports. DA Davidson boosted their target price on Valmont Industries from $400.00 to $415.00 and gave the stock a “neutral” rating in a research report on Wednesday. Stifel Nicolaus boosted their target price on Valmont Industries from $400.00 to $450.00 and gave the stock a “buy” rating in a research report on Monday, October 20th. Weiss Ratings reiterated a “hold (c)” rating on shares of Valmont Industries in a research report on Friday. Wall Street Zen upgraded Valmont Industries from a “hold” rating to a “buy” rating in a research report on Sunday, October 19th. Finally, JPMorgan Chase & Co. started coverage on Valmont Industries in a research report on Friday, September 26th. They set an “overweight” rating and a $480.00 price objective on the stock. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, Valmont Industries has a consensus rating of “Moderate Buy” and a consensus target price of $448.33.

Valmont Industries Trading Up 1.7%

Shares of VMI stock opened at $418.12 on Friday. Valmont Industries, Inc. has a 1 year low of $250.07 and a 1 year high of $420.00. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.26 and a quick ratio of 1.44. The stock’s 50 day simple moving average is $384.67 and its two-hundred day simple moving average is $345.77. The company has a market cap of $8.25 billion, a PE ratio of 36.01 and a beta of 1.15.

Valmont Industries (NYSE:VMI) last issued its quarterly earnings data on Tuesday, October 21st. The industrial products company reported $4.98 earnings per share (EPS) for the quarter, beating 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 business had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same period in the prior year, the business posted $4.11 earnings per share. The company’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. Research analysts predict that Valmont Industries, Inc. will post 18.07 earnings per share for the current year.

Valmont Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Friday, September 26th were issued a $0.68 dividend. This represents a $2.72 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Friday, September 26th. Valmont Industries’s dividend payout ratio is presently 23.43%.

About Valmont Industries

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.