Royce & Associates LP Acquires 8,416 Shares of Valmont Industries, Inc. $VMI

Royce & Associates LP raised its holdings in Valmont Industries, Inc. (NYSE:VMI) by 5.2% in the 3rd quarter, HoldingsChannel reports. The firm owned 171,503 shares of the industrial products company’s stock after purchasing an additional 8,416 shares during the quarter. Valmont Industries accounts for approximately 0.7% of Royce & Associates LP’s portfolio, making the stock its 17th largest position. Royce & Associates LP’s holdings in Valmont Industries were worth $66,497,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of VMI. Azzad Asset Management Inc. ADV bought a new stake in Valmont Industries during the 3rd quarter worth about $739,000. Jackson Creek Investment Advisors LLC bought a new position in shares of Valmont Industries in the third quarter worth about $1,658,000. Asset Management One Co. Ltd. lifted its position in shares of Valmont Industries by 441.2% during the third quarter. Asset Management One Co. Ltd. now owns 4,941 shares of the industrial products company’s stock worth $1,916,000 after purchasing an additional 4,028 shares in the last quarter. Cornerstone Planning Group LLC bought a new stake in shares of Valmont Industries during the third quarter valued at approximately $5,663,000. Finally, Allianz Asset Management GmbH increased its holdings in shares of Valmont Industries by 1.2% in the third quarter. Allianz Asset Management GmbH now owns 283,740 shares of the industrial products company’s stock valued at $110,015,000 after purchasing an additional 3,379 shares in the last quarter. Institutional investors and hedge funds own 87.84% of the company’s stock.

Valmont Industries Stock Performance

VMI stock opened at $459.75 on Friday. The business’s fifty day moving average is $442.61 and its 200-day moving average is $411.34. The company has a quick ratio of 1.58, a current ratio of 2.35 and a debt-to-equity ratio of 0.49. The company has a market cap of $8.98 billion, a P/E ratio of 27.33 and a beta of 1.22. Valmont Industries, Inc. has a twelve month low of $250.07 and a twelve month 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 return on equity of 23.82% and a net margin of 8.53%.The company had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same period last year, the firm earned $3.84 earnings per share. The firm’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. Equities research analysts forecast that Valmont Industries, Inc. will post 18.07 EPS for the current year.

Valmont Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Friday, March 27th will be paid a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Friday, March 27th. This is a positive change from Valmont Industries’s previous quarterly dividend of $0.68. Valmont Industries’s payout ratio is 16.17%.

Analysts Set New Price Targets

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

About Valmont Industries

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.