Valmont Industries, Inc. $VMI Shares Sold by Grantham Mayo Van Otterloo & Co. LLC

Grantham Mayo Van Otterloo & Co. LLC trimmed its stake in shares of Valmont Industries, Inc. (NYSE:VMI) by 1.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 33,960 shares of the industrial products company’s stock after selling 378 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC owned approximately 0.17% of Valmont Industries worth $11,090,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of VMI. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Valmont Industries during the first quarter worth about $978,000. Cetera Investment Advisers raised its stake in Valmont Industries by 2.1% during the first quarter. Cetera Investment Advisers now owns 8,219 shares of the industrial products company’s stock valued at $2,345,000 after buying an additional 172 shares in the last quarter. Mackenzie Financial Corp lifted its holdings in Valmont Industries by 170.6% during the 1st quarter. Mackenzie Financial Corp now owns 4,613 shares of the industrial products company’s stock worth $1,316,000 after buying an additional 2,908 shares during the last quarter. Banque Cantonale Vaudoise acquired a new position in shares of Valmont Industries in the 1st quarter worth approximately $269,000. Finally, Vestcor Inc increased its holdings in shares of Valmont Industries by 2.0% in the 1st quarter. Vestcor Inc now owns 2,651 shares of the industrial products company’s stock valued at $757,000 after acquiring an additional 51 shares during the last quarter. Institutional investors own 87.84% of the company’s stock.

Analysts Set New Price Targets

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

Valmont Industries Price Performance

Shares of NYSE:VMI opened at $412.97 on Friday. The firm’s 50 day moving average is $400.35 and its two-hundred day moving average is $365.72. The firm has a market capitalization of $8.14 billion, a P/E ratio of 35.57 and a beta of 1.21. The company has a current ratio of 2.26, a quick ratio of 1.50 and a debt-to-equity ratio of 0.46. Valmont Industries, Inc. has a 52 week low of $250.07 and a 52 week high of $427.81.

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, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $1.03 billion. During the same period in the previous year, the firm posted $4.11 earnings per share. The business’s revenue was up 2.5% on a year-over-year basis. Valmont Industries has set its FY 2025 guidance at 18.700-19.50 EPS. Analysts anticipate that Valmont Industries, Inc. will post 18.07 earnings per share for the current year.

Valmont Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Friday, December 26th will be issued a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Friday, December 26th. Valmont Industries’s dividend payout ratio (DPR) is 23.43%.

Insider Buying and Selling at Valmont Industries

In related news, insider James Christopher Colwell sold 375 shares of Valmont Industries stock in a transaction dated Thursday, October 23rd. The shares were sold at an average price of $410.68, for a total transaction of $154,005.00. Following the sale, the insider directly owned 7,286 shares in the company, valued at $2,992,214.48. The trade was a 4.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.50% of the stock is currently owned by corporate insiders.

Valmont Industries Company 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.