Envestnet Asset Management Inc. Decreases Stake in Valmont Industries, Inc. $VMI

Envestnet Asset Management Inc. reduced its stake in Valmont Industries, Inc. (NYSE:VMI) by 2.8% in Q2, owning 52,947 shares valued at $17.29 million. Other institutional investors also adjusted their positions, with Dimensional Fund Advisors increasing its stake by 1.1%. Valmont Industries has received mixed ratings from analysts, with a consensus rating of "Moderate Buy" and a target price of $448.33. The stock opened at $409.79, with a market cap of $8.07 billion and a P/E ratio of 35.30.

Envestnet Asset Management Inc. lessened its stake in shares of Valmont Industries, Inc. (NYSE:VMI - Free Report) by 2.8% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 52,947 shares of the industrial products company's stock after selling 1,520 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.26% of Valmont Industries worth $17,291,000 at the end of the most recent quarter.

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Several other institutional investors and hedge funds have also recently made changes to their positions in VMI. Dimensional Fund Advisors LP raised its holdings in Valmont Industries by 1.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 429,900 shares of the industrial products company's stock valued at $122,682,000 after buying an additional 4,722 shares during the last quarter. Segall Bryant & Hamill LLC raised its stake in shares of Valmont Industries by 3.4% during the first quarter. Segall Bryant & Hamill LLC now owns 299,901 shares of the industrial products company's stock valued at $85,583,000 after acquiring an additional 9,979 shares during the last quarter. Allianz Asset Management GmbH raised its stake in shares of Valmont Industries by 2.0% during the second quarter. Allianz Asset Management GmbH now owns 280,361 shares of the industrial products company's stock valued at $91,557,000 after acquiring an additional 5,592 shares during the last quarter. Northern Trust Corp boosted its holdings in shares of Valmont Industries by 7.3% during the first quarter. Northern Trust Corp now owns 216,253 shares of the industrial products company's stock worth $61,712,000 after purchasing an additional 14,694 shares during the period. Finally, Vaughan Nelson Investment Management L.P. grew its stake in shares of Valmont Industries by 42.9% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 187,765 shares of the industrial products company's stock worth $61,318,000 after purchasing an additional 56,380 shares during the last quarter. Institutional investors own 87.84% of the company's stock.

Insiders Place Their Bets

In other Valmont Industries news, insider James Christopher Colwell sold 375 shares of the firm's 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 of the company's stock, valued at approximately $2,992,214.48. This trade represents a 4.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.50% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on VMI. Stifel Nicolaus upped their price target on Valmont Industries from $400.00 to $450.00 and gave the company a "buy" rating in a research report on Monday, October 20th. JPMorgan Chase & Co. assumed coverage on Valmont Industries in a report on Friday, September 26th. They set an "overweight" rating and a $480.00 target price for the company. Wall Street Zen upgraded shares of Valmont Industries from a "hold" rating to a "buy" rating in a report on Sunday, October 19th. Weiss Ratings restated a "hold (c)" rating on shares of Valmont Industries in a report on Wednesday, October 8th. Finally, DA Davidson raised their target price on shares of Valmont Industries from $400.00 to $415.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 22nd. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $448.33.

View Our Latest Analysis on Valmont Industries

Valmont Industries Price Performance

NYSE VMI opened at $409.79 on Thursday. The stock has a 50-day moving average of $391.20 and a 200 day moving average of $353.58. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.50 and a current ratio of 2.26. The company has a market capitalization of $8.07 billion, a price-to-earnings ratio of 35.30 and a beta of 1.15. Valmont Industries, Inc. has a one year low of $250.07 and a one year high of $427.81.

Valmont Industries (NYSE:VMI - Get Free Report) last released its quarterly earnings data on Tuesday, October 21st. The industrial products company reported $4.98 earnings per share for the quarter, beating the consensus estimate of $4.64 by $0.34. The firm had revenue of $1.05 billion during the quarter, compared to analysts' expectations of $1.03 billion. Valmont Industries had a net margin of 6.33% and a return on equity of 22.92%. The firm's quarterly revenue was up 2.5% on a year-over-year basis. During the same period in the previous year, the company earned $4.11 earnings per share. Valmont Industries has set its FY 2025 guidance at 18.700-19.50 EPS. On average, sell-side analysts forecast 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. Investors of record on Friday, December 26th will be given a dividend of $0.68 per share. 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 is 23.43%.

Valmont Industries 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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