Nordea Investment Management AB Has $9.33 Million Stock Position in Valmont Industries, Inc. $VMI

Nordea Investment Management AB increased its holdings in Valmont Industries, Inc. (NYSE:VMI) by 10.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,242 shares of the industrial products company’s stock after acquiring an additional 2,207 shares during the period. Nordea Investment Management AB owned about 0.12% of Valmont Industries worth $9,332,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Norges Bank acquired a new position in Valmont Industries during the second quarter worth $77,860,000. Invesco Ltd. boosted its stake in shares of Valmont Industries by 83.5% during the 2nd quarter. Invesco Ltd. now owns 390,615 shares of the industrial products company’s stock worth $127,563,000 after acquiring an additional 177,749 shares in the last quarter. AQR Capital Management LLC boosted its stake in shares of Valmont Industries by 258.6% during the 2nd quarter. AQR Capital Management LLC now owns 129,192 shares of the industrial products company’s stock worth $42,190,000 after acquiring an additional 93,163 shares in the last quarter. Qube Research & Technologies Ltd increased its holdings in shares of Valmont Industries by 179.6% during 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 acquiring an additional 75,377 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. raised its stake in shares of Valmont Industries by 35.1% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 253,735 shares of the industrial products company’s stock valued at $98,381,000 after acquiring an additional 65,970 shares in the last quarter. Hedge funds and other institutional investors own 87.84% of the company’s stock.

Insiders Place Their Bets

In related news, insider James Christopher Colwell sold 375 shares of the company’s stock in a transaction dated Thursday, October 23rd. The shares were sold at an average price of $410.68, for a total value of $154,005.00. Following the sale, the insider owned 7,286 shares of the company’s stock, valued at $2,992,214.48. The trade was a 4.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.50% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on VMI shares. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Valmont Industries in a research report on Monday, December 29th. DA Davidson upped their price objective on shares of Valmont Industries from $400.00 to $415.00 and gave the stock a “neutral” rating in a report on Wednesday, October 22nd. Stifel Nicolaus boosted their target price on shares of Valmont Industries from $475.00 to $491.00 and gave the stock a “buy” rating in a research report on Tuesday, December 16th. Wall Street Zen raised Valmont Industries from a “hold” rating to a “buy” rating in a research report on Sunday, October 19th. Finally, JPMorgan Chase & Co. assumed coverage on Valmont Industries in a research note on Friday, September 26th. They issued an “overweight” rating and a $480.00 price objective on the stock. 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, the stock currently has an average rating of “Moderate Buy” and an average target price of $462.00.

Valmont Industries Trading Up 1.0%

Valmont Industries stock opened at $444.50 on Friday. The business has a 50 day moving average price of $412.17 and a two-hundred day moving average price of $388.66. The company has a quick ratio of 1.50, a current ratio of 2.26 and a debt-to-equity ratio of 0.46. Valmont Industries, Inc. has a 12 month low of $250.07 and a 12 month high of $447.07. The stock has a market cap of $8.76 billion, a price-to-earnings ratio of 38.29 and a beta of 1.20.

Valmont Industries (NYSE:VMI) last released its quarterly earnings data on Tuesday, October 21st. The industrial products company reported $4.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.64 by $0.34. The business had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.03 billion. Valmont Industries had a return on equity of 22.92% and a net margin of 6.33%.Valmont Industries’s quarterly revenue was up 2.5% on a year-over-year basis. During the same period in the previous year, the business posted $4.11 earnings per share. Valmont Industries has set its FY 2025 guidance at 18.700-19.50 EPS. As a group, equities analysts forecast that Valmont Industries, Inc. will post 18.07 EPS for the current year.

Valmont Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Friday, December 26th were given a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a dividend yield of 0.6%. The ex-dividend date was Friday, December 26th. Valmont Industries’s payout ratio is 23.43%.

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.