SG Americas Securities LLC Raises Stock Position in Valmont Industries, Inc. $VMI

SG Americas Securities LLC grew its stake in Valmont Industries, Inc. (NYSE:VMI) by 442.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,236 shares of the industrial products company’s stock after buying an additional 3,455 shares during the period. SG Americas Securities LLC’s holdings in Valmont Industries were worth $1,642,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of VMI. GAMMA Investing LLC boosted its stake in Valmont Industries by 21.7% in the third quarter. GAMMA Investing LLC now owns 202 shares of the industrial products company’s stock valued at $78,000 after acquiring an additional 36 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its position in shares of Valmont Industries by 4.7% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 843 shares of the industrial products company’s stock valued at $275,000 after purchasing an additional 38 shares during the period. Thrivent Financial for Lutherans grew its stake in Valmont Industries by 0.5% during the 2nd quarter. Thrivent Financial for Lutherans now owns 7,393 shares of the industrial products company’s stock worth $2,433,000 after buying an additional 40 shares during the last quarter. D.B. Root & Company LLC increased its position in Valmont Industries by 1.6% during the second quarter. D.B. Root & Company LLC now owns 2,685 shares of the industrial products company’s stock worth $877,000 after buying an additional 41 shares during the period. Finally, Janney Montgomery Scott LLC lifted its stake in Valmont Industries by 4.0% in the second quarter. Janney Montgomery Scott LLC now owns 1,549 shares of the industrial products company’s stock valued at $506,000 after buying an additional 59 shares during the last quarter. 87.84% of the stock is currently owned by institutional investors and hedge funds.

Valmont Industries Trading Up 3.0%

Shares of Valmont Industries stock opened at $440.79 on Friday. The firm has a market cap of $8.68 billion, a price-to-earnings ratio of 37.97 and a beta of 1.20. Valmont Industries, Inc. has a 52-week low of $250.07 and a 52-week high of $440.79. The company’s 50-day simple moving average is $411.44 and its 200-day simple moving average is $387.84. The company has a quick ratio of 1.50, a current ratio of 2.26 and a debt-to-equity ratio of 0.46.

Valmont Industries (NYSE:VMI) last announced its quarterly earnings data on Tuesday, October 21st. The industrial products company reported $4.98 EPS for the quarter, beating 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 firm had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter last year, the firm earned $4.11 earnings per share. The firm’s revenue was up 2.5% compared to the same quarter last year. Valmont Industries has set its FY 2025 guidance at 18.700-19.50 EPS. As a group, equities research analysts anticipate that Valmont Industries, Inc. will post 18.07 earnings per share for the current year.

Valmont Industries Announces Dividend

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

Wall Street Analyst Weigh In

A number of brokerages have recently commented on VMI. DA Davidson lifted their target price on shares of Valmont Industries from $400.00 to $415.00 and gave the company a “neutral” rating in a report on Wednesday, October 22nd. Stifel Nicolaus raised their price objective 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. Weiss Ratings reiterated a “hold (c+)” rating on shares of Valmont Industries in a research note on Monday, December 29th. Wall Street Zen upgraded Valmont Industries from a “hold” rating to a “buy” rating in a research report on Sunday, October 19th. Finally, JPMorgan Chase & Co. assumed coverage on Valmont Industries in a research note on Friday, September 26th. They set an “overweight” rating and a $480.00 price objective for the company. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $462.00.

Insiders Place Their Bets

In other Valmont Industries news, insider James Christopher Colwell sold 375 shares of the stock in a transaction on 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 in the company, valued at approximately $2,992,214.48. This represents a 4.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.50% of the stock is owned by corporate 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.