Franklin Resources Inc. Has $195.68 Million Holdings in Valmont Industries, Inc. $VMI

Franklin Resources Inc. cut its holdings in shares of Valmont Industries, Inc. (NYSE:VMI) by 4.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 504,679 shares of the industrial products company’s stock after selling 21,211 shares during the period. Franklin Resources Inc.’s holdings in Valmont Industries were worth $195,679,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Millennium Management LLC increased its holdings in shares of Valmont Industries by 225.1% in the first quarter. Millennium Management LLC now owns 67,630 shares of the industrial products company’s stock worth $19,300,000 after acquiring an additional 46,825 shares in the last quarter. Goldman Sachs Group Inc. grew its position 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 valued at $16,873,000 after purchasing an additional 4,676 shares during the period. Empowered Funds LLC acquired a new position in shares of Valmont Industries in the 1st quarter valued at approximately $265,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in 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. increased its stake 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 worth $43,000 after purchasing an additional 105 shares in the last quarter. 87.84% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have weighed in on VMI. DA Davidson lifted their price target on shares of Valmont Industries from $415.00 to $450.00 and gave the company a “neutral” rating in a research note on Wednesday, February 18th. Weiss Ratings reissued a “hold (c+)” rating on shares of Valmont Industries in a research report on Monday, December 29th. Stifel Nicolaus raised their price objective 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. boosted their price objective on shares of Valmont Industries from $480.00 to $510.00 and gave the company an “overweight” rating in a research report on Wednesday, February 18th. Finally, Wall Street Zen cut Valmont Industries from a “buy” rating to a “hold” rating in a report on Saturday, February 28th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Valmont Industries currently has an average rating of “Moderate Buy” and a consensus target price of $487.00.

Valmont Industries Trading Down 2.5%

NYSE:VMI opened at $419.50 on Friday. The company has a market cap of $8.19 billion, a P/E ratio of 24.94 and a beta of 1.19. Valmont Industries, Inc. has a twelve month low of $250.07 and a twelve month high of $487.58. The business has a 50 day moving average price of $447.07 and a two-hundred day moving average price of $415.02. The company has a quick ratio of 1.58, a current ratio of 2.35 and a debt-to-equity ratio of 0.49.

Valmont Industries (NYSE:VMI) last posted its quarterly earnings data on Tuesday, February 17th. The industrial products company reported $4.92 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.95 by ($0.03). Valmont Industries had a net margin of 8.53% and a return on equity of 23.82%. The business 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. Valmont Industries’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. As a group, analysts expect that Valmont Industries, Inc. will post 18.07 EPS for the current fiscal year.

Valmont Industries Increases Dividend

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