Orion Porfolio Solutions LLC Reduces Stock Position in Valmont Industries, Inc. $VMI

Orion Porfolio Solutions LLC cut its holdings in Valmont Industries, Inc. (NYSE:VMI) by 94.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,518 shares of the industrial products company’s stock after selling 45,106 shares during the quarter. Orion Porfolio Solutions LLC’s holdings in Valmont Industries were worth $822,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of VMI. Franklin Resources Inc. increased its stake in shares of Valmont Industries by 2.7% during the second 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 period. Invesco Ltd. boosted its holdings in Valmont Industries by 83.5% in the second quarter. Invesco Ltd. now owns 390,615 shares of the industrial products company’s stock valued at $127,563,000 after acquiring an additional 177,749 shares in the last quarter. Geode Capital Management LLC increased its position in Valmont Industries by 0.4% during the 2nd quarter. Geode Capital Management LLC now owns 354,241 shares of the industrial products company’s stock valued at $115,704,000 after purchasing an additional 1,321 shares during the period. Impax Asset Management Group plc raised its holdings in Valmont Industries by 0.8% in the 2nd quarter. Impax Asset Management Group plc now owns 313,588 shares of the industrial products company’s stock worth $102,408,000 after purchasing an additional 2,500 shares in the last quarter. Finally, Sei Investments Co. raised its holdings in Valmont Industries by 2.2% in the 2nd quarter. Sei Investments Co. now owns 282,233 shares of the industrial products company’s stock worth $92,170,000 after purchasing an additional 6,163 shares in the last quarter. Hedge funds and other institutional investors own 87.84% of the company’s stock.

Insiders Place Their Bets

In other Valmont Industries 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 value of $154,005.00. Following the completion of the transaction, the insider directly owned 7,286 shares of the company’s stock, valued at approximately $2,992,214.48. The trade was a 4.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on VMI shares. Weiss Ratings reiterated a “hold (c+)” rating on shares of Valmont Industries in a research report on Monday. DA Davidson upped their target price on Valmont Industries from $400.00 to $415.00 and gave the stock a “neutral” rating in a report on Wednesday, October 22nd. Stifel Nicolaus raised their target price on Valmont Industries from $475.00 to $491.00 and gave the company a “buy” rating in a research note on Tuesday, December 16th. JPMorgan Chase & Co. initiated coverage on Valmont Industries in a research report on Friday, September 26th. They set an “overweight” rating and a $480.00 price target on the stock. Finally, Wall Street Zen upgraded Valmont Industries from a “hold” rating to a “buy” rating in a report on Sunday, October 19th. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $462.00.

Valmont Industries Stock Up 0.3%

VMI stock opened at $417.41 on Thursday. The business has a 50 day moving average of $408.82 and a 200 day moving average of $377.67. The firm has a market cap of $8.22 billion, a PE ratio of 35.95 and a beta of 1.20. Valmont Industries, Inc. has a twelve month low of $250.07 and a twelve month high of $432.68. The company has a quick ratio of 1.50, a current ratio of 2.26 and a debt-to-equity ratio of 0.46.

Valmont Industries (NYSE:VMI) last released its earnings results on Tuesday, October 21st. The industrial products company reported $4.98 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 for the quarter, compared to the consensus estimate of $1.03 billion. During the same period in the previous year, the company posted $4.11 earnings per share. The company’s revenue for the quarter 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. On average, research analysts forecast that Valmont Industries, Inc. will post 18.07 EPS for the current fiscal year.

Valmont Industries Announces Dividend

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

Valmont Industries Profile

Valmont Industries, Inc (NYSE: VMI) is a diversified industrial manufacturer specializing in infrastructure and agricultural products. Headquartered in Omaha, Nebraska, the company engages in the design, production and distribution of engineered products that support water management, power transmission, lighting and traffic infrastructure. Valmont’s solutions range from center-pivot and lateral-move irrigation systems to utility poles, transmission towers, lighting structures and highway traffic signal support structures.

The company operates through several core business segments.