Valmont Industries, Inc. $VMI Shares Acquired by Perigon Wealth Management LLC

Perigon Wealth Management LLC raised its holdings in shares of Valmont Industries, Inc. (NYSE:VMI) by 97.7% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,404 shares of the industrial products company’s stock after purchasing an additional 1,682 shares during the quarter. Perigon Wealth Management LLC’s holdings in Valmont Industries were worth $1,320,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of VMI. Franklin Resources Inc. boosted its stake in shares of Valmont Industries by 2.7% during the 2nd quarter. Franklin Resources Inc. now owns 525,890 shares of the industrial products company’s stock valued at $171,740,000 after buying an additional 13,578 shares during the last quarter. Invesco Ltd. increased its stake in shares of Valmont Industries by 83.5% in the second quarter. Invesco Ltd. now owns 390,615 shares of the industrial products company’s stock worth $127,563,000 after buying an additional 177,749 shares during the last quarter. Geode Capital Management LLC raised its holdings in Valmont Industries by 0.4% in the second quarter. Geode Capital Management LLC now owns 354,241 shares of the industrial products company’s stock valued at $115,704,000 after acquiring an additional 1,321 shares in the last quarter. Impax Asset Management Group plc boosted its stake in Valmont Industries by 0.8% during the 2nd quarter. Impax Asset Management Group plc now owns 313,588 shares of the industrial products company’s stock valued at $102,408,000 after acquiring an additional 2,500 shares during the last quarter. Finally, Sei Investments Co. boosted its stake in Valmont Industries by 2.2% during the 2nd quarter. Sei Investments Co. now owns 282,233 shares of the industrial products company’s stock valued at $92,170,000 after acquiring an additional 6,163 shares during the last quarter. 87.84% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Stifel Nicolaus increased their price target on shares of Valmont Industries from $475.00 to $491.00 and gave the stock a “buy” rating in a research report on Tuesday, December 16th. DA Davidson increased their target price on Valmont Industries from $400.00 to $415.00 and gave the stock a “neutral” rating in a report on Wednesday, October 22nd. Wall Street Zen raised Valmont Industries from a “hold” rating to a “buy” rating in a report on Sunday, October 19th. JPMorgan Chase & Co. started 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, Weiss Ratings reissued a “hold (c+)” rating on shares of Valmont Industries in a research report on Monday. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $462.00.

Insider Transactions at Valmont Industries

In other news, insider James Christopher Colwell sold 375 shares of the business’s stock in a transaction 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 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 1.50% of the company’s stock.

Valmont Industries Stock Performance

Shares of VMI stock opened at $407.42 on Wednesday. The company has a quick ratio of 1.50, a current ratio of 2.26 and a debt-to-equity ratio of 0.46. The business has a 50 day moving average of $409.07 and a two-hundred day moving average of $380.54. Valmont Industries, Inc. has a 52 week low of $250.07 and a 52 week high of $432.68. The company has a market cap of $8.03 billion, a P/E ratio of 35.09 and a beta of 1.20.

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

Valmont Industries Announces Dividend

The business 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. This represents a $2.72 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Friday, December 26th. Valmont Industries’s dividend payout ratio (DPR) is presently 23.43%.

About Valmont Industries

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.