Valmont Industries, Inc. $VMI Stake Cut by IQ EQ FUND MANAGEMENT IRELAND Ltd

by · The Cerbat Gem

IQ EQ FUND MANAGEMENT IRELAND Ltd reduced its holdings in Valmont Industries, Inc. (NYSE:VMI – Free Report) by 4.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,541 shares of the industrial products company’s stock after selling 198 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings in Valmont Industries were worth $1,483,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. WPG Advisers LLC purchased a new stake in Valmont Industries in the 1st quarter worth about $27,000. Smartleaf Asset Management LLC lifted its stake in Valmont Industries by 87.7% in the 1st quarter. Smartleaf Asset Management LLC now owns 107 shares of the industrial products company’s stock worth $31,000 after acquiring an additional 50 shares in the last quarter. Ameritas Advisory Services LLC purchased a new stake in Valmont Industries in the 2nd quarter worth about $46,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in Valmont Industries in the 2nd quarter worth about $47,000. Finally, Parallel Advisors LLC raised its stake in shares of Valmont Industries by 128.8% during the 2nd quarter. Parallel Advisors LLC now owns 151 shares of the industrial products company’s stock worth $49,000 after purchasing an additional 85 shares in the last quarter. 87.84% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Valmont Industries

In other news, CAO Timothy P. Francis sold 2,867 shares of Valmont Industries stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $358.52, for a total transaction of $1,027,876.84. Following the sale, the chief accounting officer owned 9,746 shares of the company’s stock, valued at approximately $3,494,135.92. This trade represents a 22.73% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider James Christopher Colwell sold 375 shares of Valmont Industries stock in a transaction that occurred 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 sale, the insider directly owned 7,286 shares in the company, valued at $2,992,214.48. The trade was a 4.89% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.50% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

VMI has been the subject of a number of recent research reports. DA Davidson raised their price target on Valmont Industries from $400.00 to $415.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 22nd. Stifel Nicolaus raised their price target on Valmont Industries from $400.00 to $450.00 and gave the stock a “buy” rating in a research note on Monday, October 20th. Wall Street Zen raised Valmont Industries from a “hold” rating to a “buy” rating in a report on Sunday, October 19th. Weiss Ratings reissued a “hold (c)” rating on shares of Valmont Industries in a report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. initiated coverage on Valmont Industries in a report on Friday, September 26th. They set an “overweight” rating and a $480.00 price objective on the stock. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $448.33.

Get Our Latest Stock Report on Valmont Industries

Valmont Industries Stock Performance

Shares of NYSE VMI opened at $417.85 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’s 50 day moving average is $386.32 and its two-hundred day moving average is $348.09. The company has a market cap of $8.25 billion, a P/E ratio of 35.99 and a beta of 1.15. Valmont Industries, Inc. has a 12 month low of $250.07 and a 12 month high of $422.83.

Valmont Industries (NYSE:VMI – Get Free Report) last issued its quarterly earnings results on Tuesday, October 21st. The industrial products company reported $4.98 EPS for the quarter, topping the consensus estimate of $4.64 by $0.34. The company had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.03 billion. Valmont Industries had a return on equity of 22.92% and a net margin of 6.33%.The company’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same period in the previous year, the business posted $4.11 EPS. Valmont Industries has set its FY 2025 guidance at 18.700-19.50 EPS. On average, equities analysts expect that Valmont Industries, Inc. will post 18.07 EPS for the current year.

Valmont Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Friday, December 26th will be issued a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Friday, December 26th. Valmont Industries’s dividend payout ratio (DPR) is presently 23.43%.

Valmont Industries Company Profile

(Free Report)

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.

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