Maven Securities LTD Buys New Stake in Valmont Industries, Inc. $VMI

Maven Securities LTD bought a new stake in shares of Valmont Industries, Inc. (NYSE:VMI) during the second quarter, HoldingsChannel reports. The fund bought 1,616 shares of the industrial products company’s stock, valued at approximately $528,000.

Other hedge funds also recently bought and sold shares of the company. Baker Avenue Asset Management LP acquired a new position in shares of Valmont Industries in the second quarter worth $238,000. Cerity Partners LLC increased its position in Valmont Industries by 223.8% during the 2nd quarter. Cerity Partners LLC now owns 2,354 shares of the industrial products company’s stock worth $769,000 after purchasing an additional 1,627 shares in the last quarter. Federated Hermes Inc. raised its stake in Valmont Industries by 23.4% in the 2nd quarter. Federated Hermes Inc. now owns 2,838 shares of the industrial products company’s stock valued at $927,000 after purchasing an additional 539 shares during the last quarter. Cresset Asset Management LLC raised its stake in Valmont Industries by 26.6% in the 2nd quarter. Cresset Asset Management LLC now owns 1,133 shares of the industrial products company’s stock valued at $371,000 after purchasing an additional 238 shares during the last quarter. Finally, Amundi lifted its holdings in Valmont Industries by 13.4% in the 2nd quarter. Amundi now owns 103,320 shares of the industrial products company’s stock valued at $33,741,000 after purchasing an additional 12,216 shares in the last quarter. Hedge funds and other institutional investors own 87.84% of the company’s stock.

Valmont Industries Stock Performance

Shares of VMI stock opened at $415.00 on Wednesday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.50 and a current ratio of 2.26. The firm has a market capitalization of $8.18 billion, a price-to-earnings ratio of 35.75 and a beta of 1.20. Valmont Industries, Inc. has a one year low of $250.07 and a one year high of $427.81. The company has a 50 day moving average price of $405.19 and a 200 day moving average price of $370.69.

Valmont Industries (NYSE:VMI) last announced its quarterly earnings data on Tuesday, October 21st. The industrial products company reported $4.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.64 by $0.34. The company had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.03 billion. Valmont Industries had a net margin of 6.33% and a return on equity of 22.92%. The business’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same period in the previous year, the company earned $4.11 EPS. Valmont Industries has set its FY 2025 guidance at 18.700-19.50 EPS. Sell-side analysts anticipate that Valmont Industries, Inc. will post 18.07 EPS for the current year.

Valmont Industries Dividend Announcement

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

Insider Buying and Selling

In other news, insider James Christopher Colwell sold 375 shares of the firm’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 transaction, the insider directly owned 7,286 shares in the company, valued at $2,992,214.48. This trade represents a 4.89% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.50% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Stifel Nicolaus lifted their price target on shares of Valmont Industries from $400.00 to $450.00 and gave the stock a “buy” rating in a report on Monday, October 20th. Wall Street Zen upgraded shares of Valmont Industries from a “hold” rating to a “buy” rating in a research report on Sunday, October 19th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Valmont Industries in a research note on Monday. 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 for the company. Finally, DA Davidson raised their price objective on Valmont Industries from $400.00 to $415.00 and gave the stock a “neutral” rating in a report on Wednesday, October 22nd. Three research 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 has an average rating of “Moderate Buy” and an average target price of $448.33.

About Valmont Industries

Valmont Industries, Inc operates as manufacturer of products and services for infrastructure and agriculture markets in the United States, Australia, Brazil, and internationally. It operates through two segments, Infrastructure and Agriculture. The company manufactures and distributes steel, pre-stressed concrete, composite structures for electrical transmission, substation, and distribution applications; and designs, engineers, and manufactures metal, steel, wood, aluminum, and composite poles and structures for lighting and transportation applications.