Sei Investments Co. Raises Stake in Valmont Industries, Inc. $VMI

Sei Investments Co. lifted its stake in shares of Valmont Industries, Inc. (NYSE:VMI) by 2.2% during the second quarter, HoldingsChannel.com reports. The firm owned 282,233 shares of the industrial products company’s stock after purchasing an additional 6,163 shares during the period. Sei Investments Co.’s holdings in Valmont Industries were worth $92,170,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. PNC Financial Services Group Inc. boosted its holdings in Valmont Industries by 5.1% during the first quarter. PNC Financial Services Group Inc. now owns 1,616 shares of the industrial products company’s stock worth $461,000 after buying an additional 78 shares in the last quarter. Nuveen LLC acquired a new stake in shares of Valmont Industries during the 1st quarter valued at approximately $16,519,000. Russell Investments Group Ltd. boosted its stake in shares of Valmont Industries by 8.4% during the 1st quarter. Russell Investments Group Ltd. now owns 14,070 shares of the industrial products company’s stock worth $4,015,000 after acquiring an additional 1,092 shares in the last quarter. Fox Run Management L.L.C. purchased a new stake in shares of Valmont Industries during the 1st quarter worth approximately $1,428,000. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Valmont Industries by 1.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 429,900 shares of the industrial products company’s stock worth $122,682,000 after acquiring an additional 4,722 shares during the period. Institutional investors and hedge funds own 87.84% of the company’s stock.

Insider Buying and Selling

In other Valmont Industries news, insider James Christopher Colwell sold 375 shares of the business’s stock in a transaction 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 transaction, the insider directly owned 7,286 shares in the company, valued at approximately $2,992,214.48. The trade was a 4.89% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.50% of the company’s stock.

Valmont Industries Trading Up 0.7%

Valmont Industries stock opened at $426.71 on Friday. The stock has a 50-day moving average price of $406.53 and a 200 day moving average price of $371.45. Valmont Industries, Inc. has a 52 week low of $250.07 and a 52 week high of $432.69. The stock has a market cap of $8.41 billion, a PE ratio of 36.75 and a beta of 1.20. 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 (NYSE:VMI) last released its quarterly earnings results 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. The company had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.03 billion. Valmont Industries had a net margin of 6.33% and a return on equity of 22.92%. The firm’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same period last year, the company earned $4.11 EPS. Valmont Industries has set its FY 2025 guidance at 18.700-19.50 EPS. Equities research analysts predict that Valmont Industries, Inc. will post 18.07 earnings per share for the current fiscal year.

Valmont Industries Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Friday, December 26th will be paid a $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Friday, December 26th. Valmont Industries’s payout ratio is presently 23.43%.

Analyst Upgrades and Downgrades

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

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.