JPMorgan Chase & Co. Trims Stake in Valmont Industries, Inc. $VMI

JPMorgan Chase & Co. lessened its position in Valmont Industries, Inc. (NYSE:VMI) by 20.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 178,518 shares of the industrial products company’s stock after selling 46,623 shares during the quarter. JPMorgan Chase & Co.’s holdings in Valmont Industries were worth $69,217,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in VMI. Azzad Asset Management Inc. ADV bought a new position in shares of Valmont Industries during the third quarter valued at approximately $739,000. Jackson Creek Investment Advisors LLC purchased a new position in Valmont Industries during the 3rd quarter valued at $1,658,000. Asset Management One Co. Ltd. grew its position in Valmont Industries by 441.2% in the 3rd quarter. Asset Management One Co. Ltd. now owns 4,941 shares of the industrial products company’s stock valued at $1,916,000 after acquiring an additional 4,028 shares during the last quarter. Cornerstone Planning Group LLC purchased a new stake in Valmont Industries in the third quarter worth $5,663,000. Finally, Allianz Asset Management GmbH lifted its position in shares of Valmont Industries by 1.2% during the third quarter. Allianz Asset Management GmbH now owns 283,740 shares of the industrial products company’s stock worth $110,015,000 after purchasing an additional 3,379 shares during the last quarter. 87.84% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently commented on VMI. Stifel Nicolaus upped their price target 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 target price on shares of Valmont Industries from $480.00 to $510.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 18th. 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. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Valmont Industries in a report on Monday, December 29th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $487.00.

Valmont Industries Trading Up 1.3%

NYSE:VMI opened at $463.29 on Wednesday. The firm has a 50-day simple moving average of $439.29 and a 200-day simple moving average of $409.70. Valmont Industries, Inc. has a one year low of $250.07 and a one year high of $487.58. The firm has a market cap of $9.13 billion, a P/E ratio of 27.54 and a beta of 1.22. 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 issued 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 business 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 business’s quarterly revenue was up .1% compared to the same quarter last year. During the same period in the previous year, the business earned $3.84 earnings per share. Valmont Industries has set its FY 2026 guidance at 20.500-23.500 EPS. Equities analysts anticipate 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 paid a dividend of $0.77 per share. This is an increase from Valmont Industries’s previous quarterly dividend of $0.68. The ex-dividend date is Friday, March 27th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 0.7%. Valmont Industries’s dividend payout ratio (DPR) is currently 16.17%.

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.