OMAHA, NE— Valmont Industries Inc . (NYSE:VMI) Director Kaj den Daas recently sold 1,000 shares of the company's common stock, according to a filing with the Securities and Exchange Commission. The shares were sold on November 18 at a price of $338.78 per share, totaling $338,780.
Following this transaction, den Daas holds 8,644 shares of Valmont Industries. This sale was reported in a Form 4 filing, which disclosed the transaction details and updated shareholding.
Valmont Industries, headquartered in Omaha, Nebraska, is a leading provider of fabricated structural metal products. The company continues to operate within the manufacturing sector, maintaining its focus on delivering high-quality products and services.
In other recent news, Valmont Industries has been making significant strides in its operations. The company recently reported a third-quarter revenue of $1.02 billion and a diluted EPS of $4.11. Despite a slight decrease of 2.9% in net sales to $1 billion, Valmont showcased resilience with an operating profit growth of $125.7 million. The telecom sector reported an 8% growth driven by 5G expansion, and progress is being made on an $85 million project in Egypt.
Valmont Industries also announced the appointment of Deborah Caplan to its Board of Directors. Caplan's extensive experience in utility markets and talent development is expected to contribute to Valmont's strategic initiatives for market expansion, operational excellence, and organizational development.
Analysts have been closely following Valmont's progress, with Stifel, CL King, and DA Davidson all maintaining a Buy rating on the stock. Stifel raised its price target to $360, citing unexpectedly strong margins in the Infrastructure segment, while DA Davidson increased its price target from $340 to $380 due to increased confidence in the infrastructure segment's demand and margins. Despite the earnings per share falling short of its expectations, CL King held its target at $335. These recent developments indicate a positive outlook for Valmont Industries.
InvestingPro Insights
Valmont Industries Inc. (NYSE:VMI) has demonstrated strong financial performance and market positioning, as evidenced by recent InvestingPro data and tips. The company's stock has shown remarkable resilience, with a 60.43% total return over the past year and a 31.57% return in the last six months. This upward trajectory aligns with the recent insider sale by Director Kaj den Daas, potentially indicating a favorable market valuation.
InvestingPro Tips highlight that Valmont has maintained dividend payments for 46 consecutive years, underscoring its financial stability and commitment to shareholder returns. This is particularly noteworthy given the company's moderate debt levels and liquid assets exceeding short-term obligations, suggesting a solid financial foundation.
The company's P/E ratio of 22.89 and adjusted P/E of 21.12 for the last twelve months indicate that investors are willing to pay a premium for Valmont's earnings, possibly due to its growth prospects. This is supported by another InvestingPro Tip stating that net income is expected to grow this year.
Valmont's revenue for the last twelve months stands at $4.05 billion, with a gross profit margin of 29.88%. The company's operating income margin of 12.42% reflects efficient operations, contributing to its ability to generate value for shareholders.
For investors seeking more comprehensive analysis, InvestingPro offers 13 additional tips for Valmont Industries, providing deeper insights into the company's financial health and market position.
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