Legal & General Group Plc Has $14.31 Million Stake in Valmont Industries, Inc. $VMI

Legal & General Group Plc increased its stake in Valmont Industries, Inc. (NYSE:VMI) by 2.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 43,811 shares of the industrial products company’s stock after purchasing an additional 1,042 shares during the period. Legal & General Group Plc’s holdings in Valmont Industries were worth $14,307,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the company. Zurich Insurance Group Ltd FI bought a new position in Valmont Industries in the first quarter valued at $1,227,000. Mariner Investment Group LLC acquired a new position in shares of Valmont Industries during the 2nd quarter worth about $653,000. Patriot Financial Group Insurance Agency LLC bought a new position in shares of Valmont Industries in the 2nd quarter valued at about $510,000. Inspire Investing LLC increased its position in shares of Valmont Industries by 170.6% in the first quarter. Inspire Investing LLC now owns 3,610 shares of the industrial products company’s stock valued at $1,030,000 after acquiring an additional 2,276 shares during the last quarter. Finally, Ensign Peak Advisors Inc raised its holdings in Valmont Industries by 32.1% during the second quarter. Ensign Peak Advisors Inc now owns 11,001 shares of the industrial products company’s stock worth $3,593,000 after acquiring an additional 2,673 shares in the last quarter. Institutional investors own 87.84% of the company’s stock.

Valmont Industries Stock Up 0.7%

Valmont Industries stock opened at $412.97 on Friday. The company’s 50-day moving average price is $400.35 and its two-hundred day moving average price is $365.72. The company has a quick ratio of 1.50, a current ratio of 2.26 and a debt-to-equity ratio of 0.46. The stock has a market cap of $8.14 billion, a P/E ratio of 35.57 and a beta of 1.21. Valmont Industries, Inc. has a twelve month low of $250.07 and a twelve month high of $427.81.

Valmont Industries (NYSE:VMI) last posted its earnings results on Tuesday, October 21st. The industrial products company reported $4.98 EPS for the quarter, beating the consensus estimate of $4.64 by $0.34. The company had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.03 billion. Valmont Industries had a return on equity of 22.92% and a net margin of 6.33%.The firm’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $4.11 earnings per share. Valmont Industries has set its FY 2025 guidance at 18.700-19.50 EPS. As a group, analysts expect that Valmont Industries, Inc. will post 18.07 EPS for the current year.

Valmont Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Friday, December 26th will be issued a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Friday, December 26th. Valmont Industries’s dividend payout ratio is currently 23.43%.

Insiders Place Their Bets

In other news, insider James Christopher Colwell sold 375 shares of Valmont Industries stock in a transaction on 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 sale, the insider owned 7,286 shares of the company’s stock, valued at approximately $2,992,214.48. This trade represents a 4.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.50% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

VMI has been the subject of a number of analyst reports. DA Davidson raised their price target on Valmont Industries from $400.00 to $415.00 and gave the company a “neutral” rating in a research note on Wednesday, October 22nd. Weiss Ratings reissued a “hold (c+)” rating on shares of Valmont Industries in a research note on Tuesday. JPMorgan Chase & Co. started coverage on shares of Valmont Industries in a research report on Friday, September 26th. They set an “overweight” rating and a $480.00 price target on the stock. Stifel Nicolaus lifted their price objective on shares of Valmont Industries from $400.00 to $450.00 and gave the company a “buy” rating in a research report on Monday, October 20th. Finally, Wall Street Zen raised shares of Valmont Industries from a “hold” rating to a “buy” rating in a report on Sunday, October 19th. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $448.33.

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.