Cresset Asset Management LLC Has $949,000 Stock Position in Valmont Industries, Inc. $VMI

Cresset Asset Management LLC boosted its position in shares of Valmont Industries, Inc. (NYSE:VMI) by 115.7% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,444 shares of the industrial products company’s stock after purchasing an additional 1,311 shares during the period. Cresset Asset Management LLC’s holdings in Valmont Industries were worth $949,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in VMI. Victory Capital Management Inc. grew its stake in Valmont Industries by 22.4% during the third quarter. Victory Capital Management Inc. now owns 157,101 shares of the industrial products company’s stock worth $60,913,000 after buying an additional 28,781 shares during the last quarter. Focus Partners Advisor Solutions LLC boosted its holdings in shares of Valmont Industries by 48.2% in the 3rd quarter. Focus Partners Advisor Solutions LLC now owns 1,369 shares of the industrial products company’s stock worth $551,000 after acquiring an additional 445 shares in the last quarter. Royce & Associates LP boosted its holdings in shares of Valmont Industries by 5.2% in the 3rd quarter. Royce & Associates LP now owns 171,503 shares of the industrial products company’s stock worth $66,497,000 after acquiring an additional 8,416 shares in the last quarter. American Century Companies Inc. grew its position in Valmont Industries by 23.9% during the 3rd quarter. American Century Companies Inc. now owns 113,589 shares of the industrial products company’s stock worth $44,042,000 after acquiring an additional 21,923 shares during the last quarter. Finally, Huntington National Bank increased its holdings in Valmont Industries by 48.2% during the 3rd quarter. Huntington National Bank now owns 126 shares of the industrial products company’s stock valued at $49,000 after purchasing an additional 41 shares in the last quarter. 87.84% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have issued reports on VMI shares. JPMorgan Chase & Co. lifted their price objective on Valmont Industries from $480.00 to $510.00 and gave the company an “overweight” rating in a research report on Wednesday, February 18th. Wall Street Zen cut Valmont Industries from a “buy” rating to a “hold” rating in a report on Saturday, February 28th. Stifel Nicolaus raised 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. DA Davidson lifted 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, Weiss Ratings reiterated a “hold (c+)” rating on shares of Valmont Industries in a research report on Monday, December 29th. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Valmont Industries presently has a consensus rating of “Moderate Buy” and a consensus target price of $487.00.

Valmont Industries Price Performance

VMI opened at $426.91 on Wednesday. The company has a fifty day moving average price of $446.19 and a two-hundred day moving average price of $414.88. The firm has a market capitalization of $8.34 billion, a PE ratio of 25.38 and a beta of 1.19. Valmont Industries, Inc. has a 52 week low of $250.07 and a 52 week high of $487.58. 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 (NYSE:VMI) last posted its quarterly earnings results on Tuesday, February 17th. The industrial products company reported $4.92 earnings per share 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 during the quarter, compared to analyst estimates of $1.04 billion. During the same period last year, the company earned $3.84 EPS. The business’s revenue for the quarter was up .1% compared to the same quarter last year. Valmont Industries has set its FY 2026 guidance at 20.500-23.500 EPS. As a group, analysts anticipate that Valmont Industries, Inc. will post 18.07 earnings per share for the current year.

Valmont Industries Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Friday, March 27th will be paid a $0.77 dividend. 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. This represents a $3.08 annualized dividend and a yield of 0.7%. Valmont Industries’s payout ratio is currently 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.