Handelsbanken Fonder AB Boosts Stake in Valmont Industries, Inc. $VMI

Handelsbanken Fonder AB grew its stake in shares of Valmont Industries, Inc. (NYSE:VMI) by 408.4% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 22,192 shares of the industrial products company’s stock after buying an additional 17,827 shares during the period. Handelsbanken Fonder AB owned 0.11% of Valmont Industries worth $8,605,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Norges Bank purchased a new stake in shares of Valmont Industries in the second quarter valued at $77,860,000. Invesco Ltd. raised its stake in Valmont Industries by 83.5% in the 2nd quarter. Invesco Ltd. now owns 390,615 shares of the industrial products company’s stock valued at $127,563,000 after purchasing an additional 177,749 shares during the last quarter. AQR Capital Management LLC raised its stake in Valmont Industries by 258.6% in the 2nd quarter. AQR Capital Management LLC now owns 129,192 shares of the industrial products company’s stock valued at $42,190,000 after purchasing an additional 93,163 shares during the last quarter. Qube Research & Technologies Ltd lifted its holdings in Valmont Industries by 179.6% in the 2nd quarter. Qube Research & Technologies Ltd now owns 117,342 shares of the industrial products company’s stock valued at $38,320,000 after purchasing an additional 75,377 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. boosted its stake in shares of Valmont Industries by 35.1% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 253,735 shares of the industrial products company’s stock worth $98,381,000 after purchasing an additional 65,970 shares during the last quarter. 87.84% of the stock is owned by institutional investors and hedge funds.

Valmont Industries Stock Performance

Shares of VMI stock opened at $459.75 on Monday. 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 firm has a market capitalization of $8.98 billion, a price-to-earnings ratio of 27.33 and a beta of 1.19. Valmont Industries, Inc. has a one year low of $250.07 and a one year high of $487.58. The company has a 50 day moving average price of $442.61 and a 200 day moving average price of $411.55.

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 the consensus estimate of $4.95 by ($0.03). The company had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.04 billion. Valmont Industries had a net margin of 8.53% and a return on equity of 23.82%. The firm’s quarterly revenue was up .1% on a year-over-year basis. During the same period in the prior year, the firm earned $3.84 earnings per share. 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 EPS for the current year.

Valmont Industries Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Friday, March 27th will be paid a dividend of $0.77 per share. This is a boost from Valmont Industries’s previous quarterly dividend of $0.68. This represents a $3.08 annualized dividend and a yield of 0.7%. The ex-dividend date is Friday, March 27th. Valmont Industries’s payout ratio is currently 16.17%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Wall Street Zen downgraded shares of Valmont Industries from a “buy” rating to a “hold” rating in a report on Saturday. DA Davidson raised their target price 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. Stifel Nicolaus lifted their target price on shares of Valmont Industries from $492.00 to $501.00 and gave the stock 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 note on Wednesday, February 18th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Valmont Industries in a research report on Monday, December 29th. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Valmont Industries has a consensus rating of “Moderate Buy” and a consensus target price of $487.00.

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.