Valmont Industries, Inc. $VMI Stock: Leeward Investments LLC MA Decreases Holdings

Leeward Investments LLC MA reduced its stake in shares of Valmont Industries, Inc. (NYSE:VMI) by 6.2% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 52,665 shares of the industrial products company’s stock after selling 3,511 shares during the period. Valmont Industries accounts for approximately 1.2% of Leeward Investments LLC MA’s investment portfolio, making the stock its 14th biggest position. Leeward Investments LLC MA’s holdings in Valmont Industries were worth $24,383,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Caitong International Asset Management Co. Ltd acquired a new position in Valmont Industries during the 4th quarter worth about $27,000. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Valmont Industries in the second quarter valued at about $28,000. V Square Quantitative Management LLC acquired a new stake in shares of Valmont Industries in the first quarter valued at about $37,000. Elevation Wealth Partners LLC increased its stake in shares of Valmont Industries by 179.2% in the second quarter. Elevation Wealth Partners LLC now owns 67 shares of the industrial products company’s stock valued at $39,000 after buying an additional 43 shares during the period. Finally, Root Financial Partners LLC bought a new position in shares of Valmont Industries during the third quarter worth about $51,000. 87.84% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

VMI has been the subject of a number of analyst reports. JPMorgan Chase & Co. raised their price objective on Valmont Industries from $600.00 to $620.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 22nd. Zacks Research cut Valmont Industries from a “strong-buy” rating to a “hold” rating in a report on Monday, July 20th. Weiss Ratings raised shares of Valmont Industries from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, October 8th. Stifel Nicolaus raised their price target on shares of Valmont Industries from $645.00 to $678.00 and gave the stock a “buy” rating in a report on Monday, July 20th. Finally, Wall Street Zen upgraded shares of Valmont Industries from a “hold” rating to a “buy” rating in a report on Saturday. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $587.00.

Valmont Industries Price Performance

VMI stock opened at $435.44 on Monday. The firm has a market cap of $8.41 billion, a price-to-earnings ratio of 16.16, a PEG ratio of 0.98 and a beta of 1.34. The company has a quick ratio of 1.56, a current ratio of 2.41 and a debt-to-equity ratio of 0.43. Valmont Industries, Inc. has a 12-month low of $378.02 and a 12-month high of $585.71. The company’s fifty day simple moving average is $471.02 and its 200 day simple moving average is $496.65.

Valmont Industries (NYSE:VMI) last issued its quarterly earnings results on Tuesday, October 20th. The industrial products company reported $6.24 EPS for the quarter, beating analysts’ consensus estimates of $5.70 by $0.54. Valmont Industries had a net margin of 12.05% and a return on equity of 26.25%. The business had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.12 billion. During the same quarter in the prior year, the firm posted $4.98 earnings per share. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. On average, analysts expect that Valmont Industries, Inc. will post 23.27 earnings per share for the current year.

About Valmont Industries

Valmont Industries, Inc is a global manufacturer of engineered products and services serving the infrastructure and agricultural markets. Founded in 1946 and headquartered in Omaha, Nebraska, the company operates through businesses focused on infrastructure, coatings, and water management.

Its infrastructure products include utility and transmission structures, lighting and traffic poles, highway and transportation structures, and related support systems. Valmont also provides hot-dip galvanizing and other protective coatings designed to extend the service life of steel products used in industrial, infrastructure, and commercial applications.

In agriculture, the company manufactures mechanized irrigation equipment, including center-pivot and linear irrigation systems, as well as agricultural products and services intended to support water conservation and crop production.