Grantham Mayo Van Otterloo & Co. LLC Has $14.68 Million Stock Position in Valmont Industries, Inc. $VMI

Grantham Mayo Van Otterloo & Co. LLC boosted its holdings in Valmont Industries, Inc. (NYSE:VMI) by 11.5% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 37,860 shares of the industrial products company’s stock after acquiring an additional 3,900 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC’s holdings in Valmont Industries were worth $14,679,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Franklin Resources Inc. raised its stake in Valmont Industries by 2.7% during the second quarter. Franklin Resources Inc. now owns 525,890 shares of the industrial products company’s stock worth $171,740,000 after acquiring an additional 13,578 shares in the last quarter. Invesco Ltd. boosted its stake in shares of 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 in the last quarter. Geode Capital Management LLC grew its holdings in shares of Valmont Industries by 0.4% during the 2nd quarter. Geode Capital Management LLC now owns 354,241 shares of the industrial products company’s stock valued at $115,704,000 after purchasing an additional 1,321 shares during the last quarter. Impax Asset Management Group plc grew its holdings in shares of Valmont Industries by 0.8% during the 2nd quarter. Impax Asset Management Group plc now owns 313,588 shares of the industrial products company’s stock valued at $102,408,000 after purchasing an additional 2,500 shares during the last quarter. Finally, Allianz Asset Management GmbH increased its position in Valmont Industries by 1.2% during the 3rd 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 in the last quarter. Institutional investors own 87.84% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Wall Street Zen downgraded shares of Valmont Industries from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Valmont Industries in a research note on Monday, December 29th. 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. DA Davidson increased their price target on Valmont Industries from $415.00 to $450.00 and gave the company a “neutral” rating in a research note on Wednesday, February 18th. Finally, JPMorgan Chase & Co. raised their price objective on Valmont Industries from $480.00 to $510.00 and gave the company an “overweight” rating in a report on Wednesday, February 18th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $487.00.

Valmont Industries Stock Down 2.9%

NYSE:VMI opened at $424.75 on Monday. The firm’s 50 day simple moving average is $445.39 and its 200 day simple moving average is $414.05. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.35 and a quick ratio of 1.58. Valmont Industries, Inc. has a one year low of $250.07 and a one year high of $487.58. The company has a market cap of $8.30 billion, a PE ratio of 25.25 and a beta of 1.19.

Valmont Industries (NYSE:VMI) last posted its earnings results on Tuesday, February 17th. The industrial products company reported $4.92 earnings per share 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 business had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.04 billion. During the same period in the previous year, the firm earned $3.84 earnings per share. The company’s revenue was up .1% compared to the same quarter last year. Valmont Industries has set its FY 2026 guidance at 20.500-23.500 EPS. On average, research analysts anticipate that Valmont Industries, Inc. will post 18.07 earnings per share for the current year.

Valmont Industries Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Friday, March 27th will be given a dividend of $0.77 per share. The ex-dividend date of this dividend is Friday, March 27th. This represents a $3.08 annualized dividend and a yield of 0.7%. This is an increase from Valmont Industries’s previous quarterly dividend of $0.68. Valmont Industries’s dividend payout ratio is 18.31%.

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.