OMAHA, NE— Valmont Industries Inc . (NYSE:VMI) Director Freye Theodor Werner has sold 1,000 shares of the company's common stock, according to a recent filing with the Securities and Exchange Commission. The shares were sold at a price of $348 each, totaling $348,000. Following this transaction, Freye now holds 2,685 shares in the company. The sale comes as Valmont's stock has delivered an impressive 63% return over the past year, with the company maintaining a robust market capitalization of nearly $7 billion.
Valmont Industries, headquartered in Omaha, Nebraska, is a leader in the manufacturing of fabricated structural metal products. The sale was executed on February 25, 2025, and the filing was made public on February 26, 2025. The company demonstrates strong financial health with a current ratio of 2.07 and has maintained dividend payments for 47 consecutive years, according to InvestingPro analysis, which offers 8 additional key insights about Valmont's performance and outlook.
In other recent news, Valmont Industries reported strong financial results for the fourth quarter of 2024, exceeding analyst expectations. The company achieved an earnings per share (EPS) of $3.84, surpassing the forecast of $3.63, and generated revenue of $1.04 billion, which was above the anticipated $1.01 billion. These results were accompanied by a 2.1% increase in net sales and a nearly 20% rise in operating income for the quarter. Despite these positive outcomes, DA Davidson downgraded Valmont's stock rating from Buy to Neutral, maintaining a price target of $380. This decision was influenced by uncertainties in the broader Agriculture sector, as noted by analyst Brent Thielman. Additionally, Valmont has been making strategic investments, such as expanding manufacturing capacity and launching new products like the AgSense 365 app and an e-commerce platform. The company projects net sales between $4.0 billion and $4.2 billion for 2025, with expected EPS growth of approximately 5% at the midpoint. Valmont's focus on core strengths and operational efficiency continues to be a priority, as emphasized by CEO Avner Applebaum.
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