Valmont Industries, Inc. $VMI Shares Purchased by Hillsdale Investment Management Inc.

Hillsdale Investment Management Inc. boosted its stake in shares of Valmont Industries, Inc. (NYSE:VMI) by 27.2% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 12,155 shares of the industrial products company’s stock after purchasing an additional 2,600 shares during the quarter. Hillsdale Investment Management Inc.’s holdings in Valmont Industries were worth $4,713,000 at the end of the most recent quarter.

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

Valmont Industries Stock Up 1.7%

Shares of NYSE VMI opened at $471.53 on Friday. The stock has a market cap of $9.29 billion, a P/E ratio of 28.03 and a beta of 1.22. The business’s fifty day simple moving average is $437.35 and its 200-day simple moving average is $408.12. Valmont Industries, Inc. has a 12-month low of $250.07 and a 12-month high of $487.58. The company has a current ratio of 2.35, a quick ratio of 1.50 and a debt-to-equity ratio of 0.49.

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 the consensus estimate of $4.95 by ($0.03). Valmont Industries had a return on equity of 23.82% and a net margin of 8.53%.The company had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same period in the previous year, the firm earned $3.84 earnings per share. 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 predict that Valmont Industries, Inc. will post 18.07 EPS for the current fiscal year.

Analysts Set New Price Targets

VMI has been the topic of several recent analyst reports. Stifel Nicolaus upped 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. Weiss Ratings reiterated a “hold (c+)” rating on shares of Valmont Industries in a report on Monday, December 29th. JPMorgan Chase & Co. increased their target price on Valmont Industries from $480.00 to $510.00 and gave the stock an “overweight” rating in a research note on Wednesday. Finally, DA Davidson lifted their target price on Valmont Industries from $415.00 to $450.00 and gave the company a “neutral” rating in a research report on Wednesday. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Valmont Industries currently has an average rating of “Moderate Buy” and a consensus price target of $487.00.

Valmont Industries Company 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.