Latest news with #VMI
Washington Post
4 days ago
- General
- Washington Post
VMI appoints new leader to replace school's first Black superintendent
The Virginia Military Institute Board of Visitors appointed retired Marine Corps Lt. Gen. David Furness as its 16th superintendent on Friday, replacing retired Maj. Gen. Cedric T. Wins, the institute's first Black leader, who was ousted from his position this year over his diversity, equity and inclusion policies. 'His impeccable military record, passion for the VMI experience and proven record advancing the mission of complex organizations make him the right person to lead the Institute in this next chapter of its history,' board president Jamie Inman said of Furness in a statement. Furness, who is White and graduated from VMI in 1987, takes over an institute reeling after years of tension on campus that began with a 2020 Washington Post report about racism at the school. A statewide investigation followed, finding the institution tolerated a 'racist and sexist culture.' When Wins implemented policies to try to rectify that, conservative White alumni fought back, alleging those policies themselves were racist and eventually calling for Wins's removal. Furness served in the Marine Corps for 36 years, retiring in 2023 as a three-star general. He had been rumored as the board's pick for the job since the spring, after the board decided not to extend Wins's contract, but was chosen after the governing body formed a selection committee with alumni and students and hired an outside firm. 'The committee's search process was transparent, inclusive, and, above all, thorough, screening hundreds of candidates, interviewing six, and conducting on post visits with three finalists,' the school said in a statement. Furness said in a statement he was 'thrilled' to return to his alma mater as its new leader. 'I am indebted to the Institute for molding me into the man I am today, and it is an immense honor to give back and serve the VMI community as Superintendent,' he said. Furness, originally from Columbus, Ohio, majored in history at VMI before entering the Marine Corps. There, he served as a senior military officer in Djibouti and later helped oversee operations around the world, managing more than $2 billion in assets. He also earned two master's degrees, including one in military studies from Marine Corps University and another in national security and strategic studies from the National Defense University. After retiring, he worked at J.A. Green & Company, a bipartisan government relations firm, as executive vice president of defense programs. Furness has not served on any university or alumni boards since graduating, though he was a guest speaker at a VMI dinner in Richmond. In 2019, Furness received criticism from a junior Marine officer for being a micromanager with a rigid daily routine that mandated 5:30 a.m. reveilles, reported at the time. Furness defended his policies in that article, arguing that 'attention to detail' in a Marine's personal life makes for a better fighter. 'Marines in the division … I think they understand, there is an issue here. We may have slipped a little bit; we need to do a better job,' he told the outlet. 'The sergeants remain supportive; they believe we're doing the right thing for the right reason.'
Yahoo
5 days ago
- Business
- Yahoo
Are You Looking for a Top Momentum Pick? Why Valmont Industries (VMI) is a Great Choice
Momentum investing revolves around the idea of following a stock's recent trend in either direction. In "long context," investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. Even though momentum is a popular stock characteristic, it can be tough to define. Debate surrounding which are the best and worst metrics to focus on is lengthy, but the Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us. Below, we take a look at Valmont Industries (VMI), a company that currently holds a Momentum Style Score of B. We also talk about price change and earnings estimate revisions, two of the main aspects of the Momentum Style Score. It's also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. Valmont Industries currently has a Zacks Rank of #2 (Buy). Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of "A or B" outperform the market over the following one-month period. You can see the current list of Zacks #1 Rank Stocks here >>> Set to Beat the Market? In order to see if VMI is a promising momentum pick, let's examine some Momentum Style elements to see if this infrastructure equipment maker holds up. Looking at a stock's short-term price activity is a great way to gauge if it has momentum, since this can reflect both the current interest in a stock and if buyers or sellers have the upper hand at the moment. It is also useful to compare a security to its industry, as this can help investors pinpoint the top companies in a particular area. For VMI, shares are up 2.7% over the past week while the Zacks Steel - Pipe and Tube industry is up 2.92% over the same time period. Shares are looking quite well from a longer time frame too, as the monthly price change of 15.38% compares favorably with the industry's 2.95% performance as well. While any stock can see a spike in price, it takes a real winner to consistently outperform the market. Shares of Valmont Industries have increased 21.49% over the past quarter, and have gained 34.94% in the last year. In comparison, the S&P 500 has only moved 10.18% and 20.38%, respectively. Investors should also take note of VMI's average 20-day trading volume. Volume is a useful item in many ways, and the 20-day average establishes a good price-to-volume baseline; a rising stock with above average volume is generally a bullish sign, whereas a declining stock on above average volume is typically bearish. Right now VMI is averaging 177,740 shares for the last 20 days.. Earnings Outlook The Zacks Momentum Style Score also takes into account trends in estimate revisions, in addition to price changes. Please note that estimate revision trends remain at the core of Zacks Rank as well. A nice path here can help show promise, and we have recently been seeing that with VMI. Over the past two months, 4 earnings estimates moved higher compared to none lower for the full year. These revisions helped boost VMI's consensus estimate, increasing from $18.12 to $18.63 in the past 60 days. Looking at the next fiscal year, 4 estimates have moved upwards while there have been no downward revisions in the same time period. Bottom Line Taking into account all of these elements, it should come as no surprise that VMI is a #2 (Buy) stock with a Momentum Score of B. If you've been searching for a fresh pick that's set to rise in the near-term, make sure to keep Valmont Industries on your short list. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Valmont Industries, Inc. (VMI) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Yahoo
25-07-2025
- Business
- Yahoo
Valmont Industries (VMI) is a Great Momentum Stock: Should You Buy?
Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the "long context," investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. Even though momentum is a popular stock characteristic, it can be tough to define. Debate surrounding which are the best and worst metrics to focus on is lengthy, but the Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us. Below, we take a look at Valmont Industries (VMI), which currently has a Momentum Style Score of A. We also discuss some of the main drivers of the Momentum Style Score, like price change and earnings estimate revisions. It's also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. Valmont Industries currently has a Zacks Rank of #2 (Buy). Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of "A or B" outperform the market over the following one-month period. You can see the current list of Zacks #1 Rank Stocks here >>> Set to Beat the Market? Let's discuss some of the components of the Momentum Style Score for VMI that show why this infrastructure equipment maker shows promise as a solid momentum pick. Looking at a stock's short-term price activity is a great way to gauge if it has momentum, since this can reflect both the current interest in a stock and if buyers or sellers have the upper hand at the moment. It's also helpful to compare a security to its industry; this can show investors the best companies in a particular area. For VMI, shares are up 0.16% over the past week while the Zacks Steel - Pipe and Tube industry is up 0.14% over the same time period. Shares are looking quite well from a longer time frame too, as the monthly price change of 10.29% compares favorably with the industry's 9.34% performance as well. While any stock can see a spike in price, it takes a real winner to consistently outperform the market. Over the past quarter, shares of Valmont Industries have risen 22.24%, and are up 32.31% in the last year. In comparison, the S&P 500 has only moved 18.84% and 15.9%, respectively. Investors should also pay attention to VMI's average 20-day trading volume. Volume is a useful item in many ways, and the 20-day average establishes a good price-to-volume baseline; a rising stock with above average volume is generally a bullish sign, whereas a declining stock on above average volume is typically bearish. VMI is currently averaging 200,999 shares for the last 20 days. Earnings Outlook The Zacks Momentum Style Score encompasses many things, including estimate revisions and a stock's price movement. Investors should note that earnings estimates are also significant to the Zacks Rank, and a nice path here can be promising. We have recently been noticing this with VMI. Over the past two months, 3 earnings estimates moved higher compared to none lower for the full year. These revisions helped boost VMI's consensus estimate, increasing from $18.14 to $18.49 in the past 60 days. Looking at the next fiscal year, 3 estimates have moved upwards while there have been no downward revisions in the same time period. Bottom Line Taking into account all of these elements, it should come as no surprise that VMI is a #2 (Buy) stock with a Momentum Score of A. If you've been searching for a fresh pick that's set to rise in the near-term, make sure to keep Valmont Industries on your short list. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Valmont Industries, Inc. (VMI) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
23-05-2025
- Business
- Yahoo
Why Is Valmont (VMI) Up 9.3% Since Last Earnings Report?
A month has gone by since the last earnings report for Valmont Industries (VMI). Shares have added about 9.3% in that time frame, outperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is Valmont due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers. It turns out, estimates revision have trended downward during the past month. Currently, Valmont has a nice Growth Score of B, though it is lagging a lot on the Momentum Score front with a D. However, the stock was allocated a grade of B on the value side, putting it in the second quintile for this investment strategy. Overall, the stock has an aggregate VGM Score of B. If you aren't focused on one strategy, this score is the one you should be interested in. Estimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. Notably, Valmont has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Valmont Industries, Inc. (VMI) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Yahoo
19-05-2025
- Politics
- Yahoo
‘I'm leaving here with my head held high': community celebration held for outgoing VMI superintendent
LEXINGTON, Va. (WFXR) — First Baptist Church in Lexington hosted a community celebration for outgoing VMI superintendent Major General Cedric T. Wins on Sunday afternoon. Wins was the school's first African American superintendent and its 15th overall, holding the position since 2021. A 1985 graduate of the Institute, the community gathered to reflect on Wins' accomplishments across those four years at the helm of his alma mater. 'I'm just a little humbled by it and overwhelmed at the same time,' said Wins. 'I guess it shows that people really do feel like we had an opportunity to make a difference.' 'The community wanted to come together and tell him and show him how much they appreciated him,' said First Baptist Church pastor Rev. McKinley Williams. 'Regardless of a board vote, it wasn't reflective of the community.' Wins will step away from his post on June 30, after the school's Board of Visitors voted 10-6 against renewing his contract in February. Following the decision, then board president John Adams released the following statement: 'The BOV is supremely grateful to Major General Wins for his service to the Institute during some very difficult times. The foundation he has provided us will ensure VMI continues to fulfill its vital mission of educating future leaders. We would also like to extend our thanks to Mrs. Cassandra Wins for her support of VMI.' WFXR reached out to incoming board president Col. James Inman for comment following Sunday's event but have not yet received a response. The decision to part ways came as a surprise to Wins, who felt he had put VMI on the right track during his tenure. 'Obviously yes, there was some disappointment,' he said. 'But I tend to look at things on the bright side. I'm a half full kind of guy. And I know that when one door closes, another one will open.' Wins was known for his diversity, equity, and inclusion efforts at the school, particularly after a state report said VMI failed to address institutional racism and sexism. His efforts faced pushback from some conservative alumni. 'I'm leaving here with my head certainly held high, feeling as though I was able to accomplish some things in a short period of time,' Wins said. The Board of Visitors passed a resolution in May granting Wins the status of superintendent emeritus, applauding his work in leading the Institute through the COVID-19 pandemic, reversing declining enrollment trends, and increasing school funding. VMI's Board of Visitors says it is continuing the search for its next superintendent. Brigadier General Dallas Clark will replace Wins on July 1 in an interim capacity. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
