Several institutional investors have recently adjusted their holdings in Valmont Industries (VMI). Wellington Management Group bought a new stake worth about $21.67 million last quarter. Vanguard Group increased its holdings by 2.6%, now owning 2.1 million shares valued at $490.41 million after acquiring 54,189 shares. Banque Cantonale Vaudoise raised its stake by 1,606.7% in Q1, now holding 2,031 shares valued at $464,000. Allen Mooney & Barnes Investment Advisors increased its position by 5%, owning 2,631 shares worth $584,000. F&V Capital Management’s stake rose by 1.2%, owning 19,612 shares valued at $4.48 million. Overall, institutional investors own 87.84% of Valmont’s stock.
Valmont Industries Stock Performance
Valmont Industries (VMI) shares opened at $305.22. The company has a market cap of $6.16 billion and a P/E ratio of 40.21. It has a debt-to-equity ratio of 0.69 and a current ratio of 2.53. The stock’s low for the year is $188.63, and its high is $312.61. The 50-day moving average is $285.09, while the 200-day moving average is $266.32.
Valmont Industries reported Q2 earnings on July 24, with earnings per share (EPS) of $4.76, exceeding estimates of $4.04. The company had a return on equity of 23.30% and revenue of $1.04 billion, slightly below the $1.06 billion estimate. Analysts expect an EPS of 16.76 for the current fiscal year.
Valmont Industries Dividend Announcement
The company recently announced a quarterly dividend of $0.60, paid on October 15 to shareholders of record as of September 27. This equates to an annual dividend of $2.40 and a yield of 0.79%. The payout ratio is 31.62%.
Analyst Upgrades and Downgrades
Analysts have recently upgraded Valmont Industries. StockNews.com changed its rating from “buy” to “strong-buy.” Stifel Nicolaus raised its price target from $285 to $325, maintaining a “buy” rating. DA Davidson updated its target price from $300 to $340, also giving a “buy” rating. Currently, one analyst rates it as hold, two as buy, and one as strong buy, with a consensus rating of “Buy” and an average target price of $332.50.
Read Our Latest Stock Report on Valmont Industries
Insider Activity at Valmont Industries
CFO Timothy P. Francis sold 2,300 shares on July 30 at an average price of $298.49, totaling $686,527. He now owns 9,471 shares valued at approximately $2.83 million. Director Theodor Werner Freye sold 1,600 shares on July 31 at $300.12, totaling $480,192, and now holds 3,685 shares, valued at about $1.11 million. Insiders currently own 2.00% of the stock.
Valmont Industries Profile
Valmont Industries manufactures products for infrastructure and agriculture, operating in the U.S., Australia, Brazil, and beyond. The company provides steel, concrete, and composite structures for electrical transmission and lighting applications.
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