Ritholtz Wealth Management Increases Stock Position in Valmont Industries, Inc. $VMI

Ritholtz Wealth Management raised its stake in shares of Valmont Industries, Inc. (NYSE:VMI) by 36.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,236 shares of the industrial products company’s stock after purchasing an additional 1,393 shares during the quarter. Ritholtz Wealth Management’s holdings in Valmont Industries were worth $2,030,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Kera Capital Partners Inc. grew its position in Valmont Industries by 10.6% in the third quarter. Kera Capital Partners Inc. now owns 1,045 shares of the industrial products company’s stock worth $405,000 after acquiring an additional 100 shares in the last quarter. Quent Capital LLC bought a new stake in Valmont Industries during the third quarter worth about $57,000. Nordea Investment Management AB boosted its holdings in shares of Valmont Industries by 10.0% in the 3rd quarter. Nordea Investment Management AB now owns 24,242 shares of the industrial products company’s stock worth $9,332,000 after purchasing an additional 2,207 shares in the last quarter. Allen Capital Group LLC bought a new position in shares of Valmont Industries during the 3rd quarter valued at about $429,000. Finally, First Horizon Corp bought a new position in shares of Valmont Industries during the 3rd quarter valued at about $29,000. Institutional investors 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 dated 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 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.50% of the company’s stock.

Valmont Industries Trading Up 1.0%

NYSE:VMI opened at $444.50 on Friday. The company has a 50-day moving average price of $412.17 and a 200-day moving average price of $389.04. The stock has a market cap of $8.76 billion, a price-to-earnings ratio of 38.29 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, Inc. has a 12 month low of $250.07 and a 12 month high of $447.07.

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 analysts’ consensus estimates of $4.64 by $0.34. Valmont Industries had a net margin of 6.33% and a return on equity of 22.92%. The company had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.03 billion. During the same period in the prior year, the firm earned $4.11 earnings per share. Valmont Industries’s revenue was up 2.5% on a year-over-year basis. Valmont Industries has set its FY 2025 guidance at 18.700-19.50 EPS. Equities analysts predict that Valmont Industries, Inc. will post 18.07 EPS for the current year.

Valmont Industries Announces Dividend

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

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. DA Davidson boosted their target price on Valmont Industries from $400.00 to $415.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 22nd. Stifel Nicolaus boosted their price objective on shares of Valmont Industries from $475.00 to $491.00 and gave the stock a “buy” rating in a report on Tuesday, December 16th. JPMorgan Chase & Co. started 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 for the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of Valmont Industries in a research report on Monday, December 29th. Finally, Wall Street Zen upgraded shares of Valmont Industries from a “hold” rating to a “buy” rating in a research report on Sunday, October 19th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Valmont Industries has a consensus rating of “Moderate Buy” and a consensus price target of $462.00.

Valmont Industries Company 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.