Valmont Industries, Inc. $VMI Shares Purchased by Congress Asset Management Co.

Congress Asset Management Co. raised its holdings in shares of Valmont Industries, Inc. (NYSE:VMI) by 14.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 85,346 shares of the industrial products company’s stock after buying an additional 10,518 shares during the quarter. Congress Asset Management Co.’s holdings in Valmont Industries were worth $34,336,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of VMI. Norges Bank purchased a new stake in Valmont Industries in the 2nd quarter valued at $77,860,000. Invesco Ltd. raised its holdings in shares of Valmont Industries by 83.5% during the 2nd quarter. Invesco Ltd. now owns 390,615 shares of the industrial products company’s stock worth $127,563,000 after acquiring an additional 177,749 shares during the period. AQR Capital Management LLC raised its holdings in shares of Valmont Industries by 118.8% during the 3rd quarter. AQR Capital Management LLC now owns 282,610 shares of the industrial products company’s stock worth $108,884,000 after acquiring an additional 153,418 shares during the period. Schroder Investment Management Group boosted its position in shares of Valmont Industries by 882.8% during the 3rd quarter. Schroder Investment Management Group now owns 98,962 shares of the industrial products company’s stock valued at $37,829,000 after acquiring an additional 88,893 shares during the last quarter. Finally, Qube Research & Technologies Ltd grew its holdings in shares of Valmont Industries by 179.6% in the second quarter. Qube Research & Technologies Ltd now owns 117,342 shares of the industrial products company’s stock valued at $38,320,000 after purchasing an additional 75,377 shares during the period. 87.84% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Weiss Ratings reissued a “hold (c+)” rating on shares of Valmont Industries in a research note on Monday, December 29th. Stifel Nicolaus upped their price objective on Valmont Industries from $492.00 to $501.00 and gave the company a “buy” rating in a report on Wednesday, February 18th. DA Davidson lifted their target price on Valmont Industries from $415.00 to $450.00 and gave the company a “neutral” rating in a research report on Wednesday, February 18th. Wall Street Zen lowered Valmont Industries from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. Finally, JPMorgan Chase & Co. increased their price target on Valmont Industries from $480.00 to $510.00 and gave the stock an “overweight” rating in a report on Wednesday, February 18th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $487.00.

Valmont Industries Price Performance

VMI stock opened at $404.12 on Wednesday. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.35 and a quick ratio of 1.58. The firm has a market capitalization of $7.90 billion, a P/E ratio of 24.03 and a beta of 1.19. The business’s 50-day moving average is $443.74 and its two-hundred day moving average is $417.33. Valmont Industries, Inc. has a 1 year low of $250.07 and a 1 year high of $487.58.

Valmont Industries (NYSE:VMI) last announced its quarterly earnings data on Tuesday, February 17th. The industrial products company reported $4.92 EPS for the quarter, missing analysts’ consensus estimates of $4.95 by ($0.03). Valmont Industries had a net margin of 8.53% and a return on equity of 23.82%. The firm had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.04 billion. During the same period in the prior year, the company posted $3.84 earnings per share. The company’s revenue for the quarter was up .1% on a year-over-year basis. Valmont Industries has set its FY 2026 guidance at 20.500-23.500 EPS. Analysts anticipate that Valmont Industries, Inc. will post 18.07 earnings per share for the current fiscal year.

Valmont Industries Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Friday, March 27th will be issued a $0.77 dividend. This represents a $3.08 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Friday, March 27th. This is an increase from Valmont Industries’s previous quarterly dividend of $0.68. Valmont Industries’s dividend payout ratio (DPR) is presently 16.17%.

Valmont Industries Profile

Valmont Industries, Inc (NYSE: VMI) is a diversified industrial manufacturer specializing in infrastructure and agricultural products. Headquartered in Omaha, Nebraska, the company engages in the design, production and distribution of engineered products that support water management, power transmission, lighting and traffic infrastructure. Valmont’s solutions range from center-pivot and lateral-move irrigation systems to utility poles, transmission towers, lighting structures and highway traffic signal support structures.

The company operates through several core business segments.