Valmont Industries, Inc. (NYSE:VMI) Plans Dividend Increase – $0.77 Per Share

Valmont Industries, Inc. (NYSE:VMI) announced a quarterly dividend on Monday, February 23rd. Shareholders of record on Friday, March 27th will be paid a dividend of 0.77 per share by the industrial products company on Wednesday, April 15th. This represents a c) dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Friday, March 27th. This is a 13.2% increase from Valmont Industries’s previous quarterly dividend of $0.68.

Valmont Industries has increased its dividend by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 1 years. Valmont Industries has a dividend payout ratio of 13.8% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Valmont Industries to earn $19.95 per share next year, which means the company should continue to be able to cover its $2.72 annual dividend with an expected future payout ratio of 13.6%.

Valmont Industries Stock Performance

Valmont Industries stock traded up $4.93 during trading hours on Tuesday, hitting $462.28. 34,559 shares of the stock traded hands, compared to its average volume of 142,663. The firm’s 50 day moving average price is $438.23 and its 200-day moving average price is $409.03. 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 $9.11 billion, a price-to-earnings ratio of 27.46 and a beta of 1.22. Valmont Industries has a 1 year low of $250.07 and a 1 year high of $487.58.

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 firm had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same period last year, the firm earned $3.84 EPS. The company’s revenue for the quarter was up .1% compared to the same quarter last year. Valmont Industries has set its FY 2026 guidance at 20.500-23.500 EPS. As a group, equities analysts expect that Valmont Industries will post 18.07 EPS for the current fiscal year.

Hedge Funds Weigh In On Valmont Industries

Several institutional investors and hedge funds have recently modified their holdings of VMI. Vanguard Personalized Indexing Management LLC increased its position in shares of Valmont Industries by 0.9% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 2,303 shares of the industrial products company’s stock valued at $927,000 after buying an additional 21 shares in the last quarter. Allen Capital Group LLC increased its stake in shares of Valmont Industries by 2.2% during the fourth quarter. Allen Capital Group LLC now owns 1,130 shares of the industrial products company’s stock worth $455,000 after purchasing an additional 24 shares in the last quarter. Public Employees Retirement System of Ohio raised its position in shares of Valmont Industries by 0.4% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 7,565 shares of the industrial products company’s stock worth $2,933,000 after purchasing an additional 29 shares during the last quarter. Rothschild Investment LLC raised its position in shares of Valmont Industries by 7.1% during the 4th quarter. Rothschild Investment LLC now owns 453 shares of the industrial products company’s stock worth $182,000 after purchasing an additional 30 shares during the last quarter. Finally, Wedmont Private Capital boosted its holdings in Valmont Industries by 5.6% in the 4th quarter. Wedmont Private Capital now owns 582 shares of the industrial products company’s stock worth $245,000 after buying an additional 31 shares during the last quarter. Hedge funds and other institutional investors own 87.84% of the company’s stock.

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.