Dakota Wealth Management acquired a new position in shares of Valmont Industries, Inc. (NYSE:VMI – Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 1,445 shares of the industrial products company’s stock, valued at approximately $581,000.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in VMI. Congress Asset Management Co. boosted its holdings in Valmont Industries by 14.1% during the fourth quarter. Congress Asset Management Co. now owns 85,346 shares of the industrial products company’s stock worth $34,336,000 after buying an additional 10,518 shares during the last quarter. TABR Capital Management LLC bought a new stake in shares of Valmont Industries in the 4th quarter valued at about $2,422,000. Wealth Enhancement Advisory Services LLC increased its stake in shares of Valmont Industries by 5.6% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 5,907 shares of the industrial products company’s stock valued at $2,490,000 after acquiring an additional 312 shares during the last quarter. Chesapeake Asset Management LLC raised its position in shares of Valmont Industries by 26.2% in the 4th quarter. Chesapeake Asset Management LLC now owns 1,583 shares of the industrial products company’s stock valued at $637,000 after acquiring an additional 329 shares during the period. Finally, Wedmont Private Capital raised its position in shares of Valmont Industries by 5.6% in the 4th quarter. Wedmont Private Capital now owns 582 shares of the industrial products company’s stock valued at $245,000 after acquiring an additional 31 shares during the period. Institutional investors own 87.84% of the company’s stock.
Analyst Upgrades and Downgrades
VMI has been the subject of a number of analyst reports. Stifel Nicolaus boosted their price objective on shares of Valmont Industries from $492.00 to $501.00 and gave the company a “buy” rating in a report on Wednesday, February 18th. JPMorgan Chase & Co. increased 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. Weiss Ratings reissued a “hold (c+)” rating on shares of Valmont Industries in a research report on Friday. Wall Street Zen lowered shares of Valmont Industries from a “buy” rating to a “hold” rating in a report on Saturday, February 28th. Finally, DA Davidson upped their price objective on shares of Valmont Industries from $415.00 to $450.00 and gave the company a “neutral” rating in a research report on Wednesday, February 18th. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Valmont Industries has an average rating of “Moderate Buy” and an average price target of $487.00.
Valmont Industries Price Performance
Shares of VMI opened at $384.23 on Tuesday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.58 and a current ratio of 2.35. The stock has a 50 day simple moving average of $440.19 and a 200 day simple moving average of $417.78. Valmont Industries, Inc. has a 52-week low of $250.07 and a 52-week high of $487.58. The firm has a market capitalization of $7.51 billion, a PE ratio of 22.84 and a beta of 1.19.
Valmont Industries (NYSE:VMI – Get Free Report) last announced its earnings results on Tuesday, February 17th. The industrial products company reported $4.92 EPS for the quarter, missing the consensus estimate 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 quarter last year, the business posted $3.84 earnings per share. The business’s quarterly revenue was up .1% on a year-over-year basis. Valmont Industries has set its FY 2026 guidance at 20.500-23.500 EPS. Sell-side analysts predict that Valmont Industries, Inc. will post 18.07 EPS for the current fiscal 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 issued a dividend of $0.77 per share. The ex-dividend date is Friday, March 27th. This is a positive change 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 0.8%. Valmont Industries’s dividend payout ratio (DPR) is 18.31%.
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.
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