Pioneer Trust Bank N A OR Reduces Stock Holdings in Valmont Industries, Inc. $VMI

Pioneer Trust Bank N A OR cut its stake in shares of Valmont Industries, Inc. (NYSE:VMI) by 5.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 47,399 shares of the industrial products company’s stock after selling 2,997 shares during the quarter. Valmont Industries accounts for 4.3% of Pioneer Trust Bank N A OR’s portfolio, making the stock its 7th largest holding. Pioneer Trust Bank N A OR owned 0.24% of Valmont Industries worth $18,378,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Franklin Resources Inc. lifted its holdings in shares of Valmont Industries by 2.7% during the second quarter. Franklin Resources Inc. now owns 525,890 shares of the industrial products company’s stock valued at $171,740,000 after purchasing an additional 13,578 shares during the last quarter. Invesco Ltd. raised its holdings in Valmont Industries by 83.5% during the 2nd 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 period. Geode Capital Management LLC lifted its stake in Valmont Industries by 0.4% during 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 buying an additional 1,321 shares in the last quarter. Impax Asset Management Group plc boosted its holdings in shares of Valmont Industries by 0.8% in the second quarter. Impax Asset Management Group plc now owns 313,588 shares of the industrial products company’s stock worth $102,408,000 after buying an additional 2,500 shares during the period. Finally, Sei Investments Co. increased its position in shares of Valmont Industries by 2.2% in the second quarter. Sei Investments Co. now owns 282,233 shares of the industrial products company’s stock worth $92,170,000 after acquiring an additional 6,163 shares in the last quarter. 87.84% of the stock is owned by institutional investors and hedge funds.

Valmont Industries Stock Performance

Shares of VMI stock opened at $426.21 on Friday. Valmont Industries, Inc. has a fifty-two week low of $250.07 and a fifty-two week high of $432.68. The stock’s 50-day moving average is $409.35 and its two-hundred day moving average is $384.92. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.26 and a quick ratio of 1.50. The firm has a market cap of $8.40 billion, a P/E ratio of 36.71 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 (EPS) for the quarter, beating 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 business had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.03 billion. During the same period in the previous year, the company earned $4.11 EPS. The firm’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. Analysts predict that Valmont Industries, Inc. will post 18.07 earnings per share for the current fiscal year.

Valmont Industries Dividend Announcement

The firm also recently announced 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 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Friday, December 26th. Valmont Industries’s dividend payout ratio is presently 23.43%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on VMI shares. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Valmont Industries in a research note on Monday, December 29th. DA Davidson raised 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. JPMorgan Chase & Co. initiated coverage on Valmont Industries in a research report on Friday, September 26th. They set an “overweight” rating and a $480.00 price target on the stock. Wall Street Zen upgraded Valmont Industries from a “hold” rating to a “buy” rating in a research report on Sunday, October 19th. Finally, Stifel Nicolaus lifted their target price on Valmont Industries from $475.00 to $491.00 and gave the company a “buy” rating in a research note on Tuesday, December 16th. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Valmont Industries presently has an average rating of “Moderate Buy” and a consensus target price of $462.00.

Insider Buying and Selling

In other news, insider James Christopher Colwell sold 375 shares of Valmont Industries 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 approximately $2,992,214.48. The trade was a 4.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.50% of the stock is owned by insiders.

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.