Congress Asset Management Co. Purchases 10,518 Shares of Valmont Industries, Inc. $VMI

Congress Asset Management Co. lifted its holdings in Valmont Industries, Inc. (NYSE:VMI) by 14.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 85,346 shares of the industrial products company’s stock after purchasing an additional 10,518 shares during the quarter. Congress Asset Management Co. owned 0.43% of Valmont Industries worth $34,336,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of VMI. TABR Capital Management LLC bought a new stake in shares of Valmont Industries in the 4th quarter valued at approximately $2,422,000. Wealth Enhancement Advisory Services LLC increased its position in shares of Valmont Industries by 5.6% during 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 purchasing an additional 312 shares during the last quarter. Chesapeake Asset Management LLC increased its position in shares of Valmont Industries by 26.2% during the 4th quarter. Chesapeake Asset Management LLC now owns 1,583 shares of the industrial products company’s stock valued at $637,000 after purchasing an additional 329 shares during the last quarter. Wedmont Private Capital raised its holdings in Valmont Industries by 5.6% during the 4th quarter. Wedmont Private Capital now owns 582 shares of the industrial products company’s stock valued at $245,000 after buying an additional 31 shares during the period. Finally, Nordea Investment Management AB raised its holdings in Valmont Industries by 0.4% during the 4th quarter. Nordea Investment Management AB now owns 24,335 shares of the industrial products company’s stock valued at $9,851,000 after buying an additional 93 shares during the period. Institutional investors own 87.84% of the company’s stock.

Analyst Upgrades and Downgrades

VMI has been the subject of several analyst reports. Stifel Nicolaus raised their target price on shares of Valmont Industries from $492.00 to $501.00 and gave the stock a “buy” rating in a report on Wednesday, February 18th. JPMorgan Chase & Co. upped their price target on shares of Valmont Industries from $480.00 to $510.00 and gave the company an “overweight” rating in a report on Wednesday, February 18th. Wall Street Zen lowered shares of Valmont Industries from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. Weiss Ratings reissued a “hold (c+)” rating on shares of Valmont Industries in a research note on Monday, December 29th. Finally, DA Davidson boosted their target price on Valmont Industries from $415.00 to $450.00 and gave the company a “neutral” rating in a research report on Wednesday, February 18th. Three investment 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, Valmont Industries presently has a consensus rating of “Moderate Buy” and a consensus target price of $487.00.

Valmont Industries Stock Up 1.4%

Valmont Industries stock opened at $404.12 on Wednesday. Valmont Industries, Inc. has a 1-year low of $250.07 and a 1-year high of $487.58. The business has a fifty day moving average price of $443.74 and a 200-day moving average price of $417.33. 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 $7.90 billion, a price-to-earnings ratio of 24.03 and a beta of 1.19.

Valmont Industries (NYSE:VMI) last released its earnings results on Tuesday, February 17th. The industrial products company reported $4.92 EPS for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $1.04 billion. During the same quarter last year, the business earned $3.84 earnings per share. The firm’s revenue for the quarter was up .1% on a year-over-year basis. Valmont Industries has set its FY 2026 guidance at 20.500-23.500 EPS. Equities research analysts forecast that Valmont Industries, Inc. will post 18.07 EPS for the current fiscal year.

Valmont Industries Increases Dividend

The business also recently announced 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. This represents a $3.08 annualized dividend and a yield of 0.8%. This is a positive change from Valmont Industries’s previous quarterly dividend of $0.68. The ex-dividend date of this dividend is Friday, March 27th. Valmont Industries’s dividend payout ratio is 16.17%.

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.