Oliver Luxxe Assets LLC Buys 2,856 Shares of Valmont Industries, Inc. $VMI

Oliver Luxxe Assets LLC increased its stake in Valmont Industries, Inc. (NYSE:VMI) by 54.4% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 8,103 shares of the industrial products company’s stock after purchasing an additional 2,856 shares during the quarter. Oliver Luxxe Assets LLC’s holdings in Valmont Industries were worth $3,142,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Lecap Asset Management Ltd. bought a new position in Valmont Industries in the 3rd quarter worth about $1,497,000. SG Americas Securities LLC lifted its holdings in shares of Valmont Industries by 442.4% in the third quarter. SG Americas Securities LLC now owns 4,236 shares of the industrial products company’s stock worth $1,642,000 after buying an additional 3,455 shares in the last quarter. Clean Yield Group boosted its position in shares of Valmont Industries by 6.0% in the third quarter. Clean Yield Group now owns 9,169 shares of the industrial products company’s stock valued at $3,555,000 after acquiring an additional 518 shares during the period. HB Wealth Management LLC bought a new position in shares of Valmont Industries in the third quarter valued at approximately $209,000. Finally, KLP Kapitalforvaltning AS grew its stake in Valmont Industries by 3.2% during the third quarter. KLP Kapitalforvaltning AS now owns 6,400 shares of the industrial products company’s stock valued at $2,485,000 after acquiring an additional 200 shares in the last quarter. 87.84% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Stifel Nicolaus increased their target price on shares of Valmont Industries from $475.00 to $491.00 and gave the stock a “buy” rating in a research note on Tuesday, December 16th. Wall Street Zen raised shares of Valmont Industries from a “hold” rating to a “buy” rating in a report on Sunday, October 19th. DA Davidson increased their price objective on Valmont Industries from $400.00 to $415.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 22nd. Weiss Ratings restated a “hold (c+)” rating on shares of Valmont Industries in a research report on Monday, December 29th. Finally, JPMorgan Chase & Co. began coverage on Valmont Industries in a report on Friday, September 26th. They issued an “overweight” rating and a $480.00 price target on the stock. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $462.00.

Insider Activity at Valmont Industries

In other Valmont Industries news, insider James Christopher Colwell sold 375 shares of Valmont Industries 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 transaction, the insider directly owned 7,286 shares of the company’s stock, valued at approximately $2,992,214.48. This trade represents a 4.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 1.50% of the company’s stock.

Valmont Industries Stock Up 1.4%

Shares of NYSE:VMI opened at $426.21 on Friday. The firm has a market capitalization of $8.40 billion, a PE ratio of 36.71 and a beta of 1.20. 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 52-week low of $250.07 and a 52-week high of $432.68. The firm has a fifty day moving average of $409.35 and a 200 day moving average of $385.34.

Valmont Industries (NYSE:VMI) last issued 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. Valmont Industries had a return on equity of 22.92% and a net margin of 6.33%.The firm had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.03 billion. During the same quarter in the previous year, the company 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, research analysts anticipate that Valmont Industries, Inc. will post 18.07 EPS 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. The ex-dividend date of this dividend is Friday, December 26th. This represents a $2.72 annualized dividend and a yield of 0.6%. Valmont Industries’s dividend payout ratio is currently 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.