Texas Permanent School Fund Corp Raises Stock Position in Valmont Industries, Inc. $VMI

Texas Permanent School Fund Corp boosted its holdings in shares of Valmont Industries, Inc. (NYSE:VMI) by 26.0% in the second quarter, HoldingsChannel reports. The firm owned 18,484 shares of the industrial products company’s stock after buying an additional 3,816 shares during the period. Texas Permanent School Fund Corp’s holdings in Valmont Industries were worth $6,036,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Franklin Resources Inc. raised its stake in shares of Valmont Industries by 2.7% during the 2nd quarter. Franklin Resources Inc. now owns 525,890 shares of the industrial products company’s stock valued at $171,740,000 after buying an additional 13,578 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Valmont Industries by 1.1% during the first 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. Invesco Ltd. grew its holdings in Valmont Industries by 83.5% during the second quarter. Invesco Ltd. now owns 390,615 shares of the industrial products company’s stock worth $127,563,000 after acquiring an additional 177,749 shares during the period. Geode Capital Management LLC raised its position in Valmont Industries by 0.4% during the second quarter. Geode Capital Management LLC now owns 354,241 shares of the industrial products company’s stock valued at $115,704,000 after acquiring an additional 1,321 shares in the last quarter. Finally, Impax Asset Management Group plc lifted its holdings in Valmont Industries by 0.8% in the second quarter. Impax Asset Management Group plc now owns 313,588 shares of the industrial products company’s stock valued at $102,408,000 after acquiring an additional 2,500 shares during the period. 87.84% of the stock is owned by institutional investors and hedge funds.

Valmont Industries Price Performance

Valmont Industries stock opened at $410.24 on Wednesday. The stock has a market capitalization of $8.08 billion, a P/E ratio of 35.34 and a beta of 1.20. The company’s fifty day moving average price is $407.47 and its 200 day moving average price is $374.23. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.50 and a current ratio of 2.26. Valmont Industries, Inc. has a 1 year low of $250.07 and a 1 year high of $432.68.

Valmont Industries (NYSE:VMI) last posted its quarterly earnings data on Tuesday, October 21st. The industrial products company reported $4.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.64 by $0.34. Valmont Industries had a net margin of 6.33% and a return on equity of 22.92%. 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 firm posted $4.11 earnings per share. The company’s 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. As a group, equities research analysts anticipate that Valmont Industries, Inc. will post 18.07 earnings per share for the current fiscal year.

Valmont Industries Dividend Announcement

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

Analysts Set New Price Targets

A number of brokerages have recently commented on VMI. DA Davidson raised their price objective on shares of 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 target price for the company. Weiss Ratings restated a “hold (c+)” rating on shares of Valmont Industries in a research report on Monday. Wall Street Zen raised shares of Valmont Industries from a “hold” rating to a “buy” rating in a report on Sunday, October 19th. Finally, Stifel Nicolaus upped their price objective on shares of Valmont Industries from $475.00 to $491.00 and gave the stock a “buy” rating in a research report on Tuesday. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Valmont Industries currently has an average rating of “Moderate Buy” and a consensus price target of $462.00.

Insider Transactions at Valmont Industries

In other Valmont Industries news, insider James Christopher Colwell sold 375 shares of the business’s stock in a transaction that occurred 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 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.50% of the company’s stock.

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.