JPMorgan Chase & Co. Trims Stake in Valmont Industries, Inc. $VMI

JPMorgan Chase & Co. lessened its holdings in shares of Valmont Industries, Inc. (NYSE:VMI) by 20.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 178,518 shares of the industrial products company’s stock after selling 46,623 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.91% of Valmont Industries worth $69,217,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Wall Street Analyst Weigh In

VMI has been the topic of a number of recent analyst reports. Weiss Ratings restated a “hold (c+)” rating on shares of Valmont Industries in a research note on Monday, December 29th. DA Davidson upped their price target on shares of Valmont Industries from $415.00 to $450.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 18th. Wall Street Zen downgraded shares of Valmont Industries from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. Stifel Nicolaus lifted their target price on shares of Valmont Industries from $492.00 to $501.00 and gave the company a “buy” rating in a research note on Wednesday, February 18th. Finally, JPMorgan Chase & Co. upped their target price on shares of 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 issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Valmont Industries has a consensus rating of “Moderate Buy” and an average price target of $487.00.

Valmont Industries Stock Down 2.1%

NYSE VMI opened at $400.62 on Thursday. Valmont Industries, Inc. has a 12 month low of $250.07 and a 12 month high of $487.58. The company has a current ratio of 2.35, a quick ratio of 1.58 and a debt-to-equity ratio of 0.49. The stock has a market cap of $7.83 billion, a PE ratio of 23.82 and a beta of 1.19. The stock’s 50 day moving average is $446.22 and its 200 day moving average is $416.26.

Valmont Industries (NYSE:VMI) last announced its quarterly earnings data 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). Valmont Industries had a net margin of 8.53% and a return on equity of 23.82%. The company had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.04 billion. During the same period last year, the business earned $3.84 earnings per share. The company’s quarterly revenue was up .1% compared to the same quarter last year. Valmont Industries has set its FY 2026 guidance at 20.500-23.500 EPS. Research analysts predict that Valmont Industries, Inc. will post 18.07 EPS for the current fiscal year.

Valmont Industries Increases Dividend

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

Valmont Industries Company 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.