Allspring Global Investments Holdings LLC Has $19.07 Million Stock Position in Valmont Industries, Inc. $VMI

Allspring Global Investments Holdings LLC grew its stake in Valmont Industries, Inc. (NYSE:VMI) by 29.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 46,326 shares of the industrial products company’s stock after purchasing an additional 10,486 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.24% of Valmont Industries worth $19,073,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of VMI. Millennium Management LLC boosted its stake in Valmont Industries by 225.1% in the 1st quarter. Millennium Management LLC now owns 67,630 shares of the industrial products company’s stock valued at $19,300,000 after buying an additional 46,825 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Valmont Industries by 8.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 59,127 shares of the industrial products company’s stock worth $16,873,000 after purchasing an additional 4,676 shares during the last quarter. Empowered Funds LLC acquired a new stake in shares of Valmont Industries during the 1st quarter worth about $265,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Valmont Industries by 3.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 72,511 shares of the industrial products company’s stock worth $20,692,000 after purchasing an additional 2,639 shares in the last quarter. Finally, Geneos Wealth Management Inc. lifted its holdings in Valmont Industries by 223.4% during the 1st quarter. Geneos Wealth Management Inc. now owns 152 shares of the industrial products company’s stock valued at $43,000 after purchasing an additional 105 shares during the last quarter. 87.84% of the stock is owned by institutional investors and hedge funds.

Valmont Industries Price Performance

VMI opened at $401.87 on Friday. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.35 and a quick ratio of 1.58. The stock has a market capitalization of $7.86 billion, a P/E ratio of 23.89 and a beta of 1.24. The company’s 50 day simple moving average is $437.12 and its 200-day simple moving average is $418.24. Valmont Industries, Inc. has a one year low of $250.07 and a one year high of $487.58.

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

Valmont Industries Increases Dividend

The firm also recently disclosed 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 boost from Valmont Industries’s previous quarterly dividend of $0.68. This represents a $3.08 dividend on an annualized basis and a yield of 0.8%. Valmont Industries’s payout ratio is 18.31%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. 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. JPMorgan Chase & Co. increased their price target on Valmont Industries from $480.00 to $510.00 and gave the stock 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. Weiss Ratings reiterated a “hold (c+)” rating on shares of Valmont Industries in a research report on Friday, March 27th. Finally, DA Davidson boosted their price objective on Valmont Industries from $415.00 to $450.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 18th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price 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.