Inspire Investing LLC Buys 2,584 Shares of Valmont Industries, Inc. $VMI

Inspire Investing LLC raised its stake in Valmont Industries, Inc. (NYSE:VMI) by 212.0% during the third quarter, HoldingsChannel reports. The fund owned 3,803 shares of the industrial products company’s stock after buying an additional 2,584 shares during the period. Inspire Investing LLC’s holdings in Valmont Industries were worth $1,475,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of VMI. Farther Finance Advisors LLC boosted its stake in Valmont Industries by 357.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 96 shares of the industrial products company’s stock worth $37,000 after purchasing an additional 75 shares in the last quarter. Brighton Jones LLC bought a new stake in Valmont Industries during the 3rd quarter valued at about $485,000. F&V Capital Management LLC raised its holdings in Valmont Industries by 0.5% in the third quarter. F&V Capital Management LLC now owns 35,705 shares of the industrial products company’s stock worth $13,844,000 after buying an additional 191 shares during the last quarter. Congress Asset Management Co. lifted its stake in shares of Valmont Industries by 13.3% in the third quarter. Congress Asset Management Co. now owns 74,828 shares of the industrial products company’s stock worth $29,013,000 after buying an additional 8,764 shares in the last quarter. Finally, L. Roy Papp & Associates LLP lifted its stake in shares of Valmont Industries by 0.5% in the third quarter. L. Roy Papp & Associates LLP now owns 14,005 shares of the industrial products company’s stock worth $5,430,000 after buying an additional 64 shares in the last quarter. 87.84% of the stock is currently owned by institutional investors.

Insider Transactions at Valmont Industries

In other Valmont Industries news, insider James Christopher Colwell sold 375 shares of the company’s stock in a transaction that occurred on Thursday, October 23rd. The shares were 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 of the company’s stock, valued at approximately $2,992,214.48. This represents 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 the SEC website. Company insiders own 1.50% of the company’s stock.

Valmont Industries Stock Performance

VMI stock opened at $417.41 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.26 and a quick ratio of 1.50. Valmont Industries, Inc. has a 1 year low of $250.07 and a 1 year high of $432.68. The company has a market cap of $8.22 billion, a P/E ratio of 35.95 and a beta of 1.20. The stock’s fifty day moving average price is $409.03 and its 200-day moving average price is $377.94.

Valmont Industries (NYSE:VMI) last posted its earnings results on Tuesday, October 21st. The industrial products company reported $4.98 earnings per share for the quarter, beating analysts’ consensus estimates 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%.Valmont Industries’s revenue was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.11 earnings per share. Valmont Industries has set its FY 2025 guidance at 18.700-19.50 EPS. On average, equities analysts forecast that Valmont Industries, Inc. will post 18.07 earnings per share for the current year.

Valmont Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Friday, December 26th will be issued 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 dividend yield of 0.7%. Valmont Industries’s dividend payout ratio (DPR) is presently 23.43%.

Analysts Set New Price Targets

VMI has been the subject of several analyst reports. Wall Street Zen raised shares of Valmont Industries from a “hold” rating to a “buy” rating in a research report on Sunday, October 19th. JPMorgan Chase & Co. began coverage on Valmont Industries in a research note on Friday, September 26th. They set an “overweight” rating and a $480.00 target price on the stock. Stifel Nicolaus lifted their target price on Valmont Industries from $475.00 to $491.00 and gave the stock a “buy” rating in a report on Tuesday, December 16th. DA Davidson boosted 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. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Valmont Industries in a report on Monday. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $462.00.

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.