Valmont Industries, Inc. $VMI Shares Acquired by Handelsbanken Fonder AB

Handelsbanken Fonder AB boosted its position in Valmont Industries, Inc. (NYSE:VMI) by 408.4% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 22,192 shares of the industrial products company’s stock after acquiring an additional 17,827 shares during the quarter. Handelsbanken Fonder AB’s holdings in Valmont Industries were worth $8,605,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. First Horizon Corp acquired a new position in shares of Valmont Industries in the third quarter worth about $29,000. Abich Financial Wealth Management LLC acquired a new position in shares of Valmont Industries in the 3rd quarter valued at approximately $36,000. Farther Finance Advisors LLC boosted its stake in shares of Valmont Industries by 357.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 96 shares of the industrial products company’s stock valued at $37,000 after buying an additional 75 shares during the last quarter. Parkside Financial Bank & Trust boosted its stake in shares of Valmont Industries by 93.9% during the 2nd quarter. Parkside Financial Bank & Trust now owns 128 shares of the industrial products company’s stock valued at $42,000 after buying an additional 62 shares during the last quarter. Finally, Geneos Wealth Management Inc. grew its position in shares of Valmont Industries by 223.4% during the first quarter. Geneos Wealth Management Inc. now owns 152 shares of the industrial products company’s stock worth $43,000 after buying an additional 105 shares in the last quarter. 87.84% of the stock is currently owned by institutional investors and hedge funds.

Valmont Industries Stock Down 1.8%

Valmont Industries stock opened at $459.75 on Monday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.58 and a current ratio of 2.35. Valmont Industries, Inc. has a one year low of $250.07 and a one year high of $487.58. The company has a 50-day simple moving average of $442.61 and a 200-day simple moving average of $411.55. The firm has a market capitalization of $8.98 billion, a P/E ratio of 27.33 and a beta of 1.19.

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

Valmont Industries Increases Dividend

The business 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 is an increase from Valmont Industries’s previous quarterly dividend of $0.68. This represents a $3.08 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Friday, March 27th. Valmont Industries’s dividend payout ratio (DPR) is presently 16.17%.

Wall Street Analysts Forecast Growth

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

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.