Valmont Industries, Inc. (NYSE:VMI) announced that its board of directors appointed Paul T. Maass as a director on February 22, increasing the total number of board members to eleven. The company disclosed the appointment and related details in a statement filed with the Securities and Exchange Commission. The $9.08 billion company has delivered a strong 34% return over the past year, with shares currently trading at $460.30. According to InvestingPro analysis, the stock appears overvalued relative to its Fair Value. An InvestingPro tip highlights that VMI has maintained dividend payments for 48 consecutive years, reflecting the board's consistent commitment to shareholder returns.
As a non-employee director, Mr. Maass will receive an annual cash retainer of $95,000. In addition, non-employee directors are granted restricted stock units valued at $170,000. These equity awards are made annually following the company's annual shareholders' meeting, and the restricted stock units vest on the first anniversary of the grant date, subject to possible deferral by the director.
Valmont Industries, headquartered in Omaha, Nebraska, is listed on the New York Stock Exchange under the ticker VMI. The company's board expansion and director compensation arrangements were outlined in the press release statement included with the SEC filing.
In other recent news, Valmont Industries reported its Q4 2025 earnings, which showed a slight miss on earnings per share (EPS) expectations, while revenue met forecasts. The company's EPS was $4.92, falling short of the projected $4.96, but revenue matched market expectations at $1.04 billion. In addition, Valmont Industries announced a 13% increase in its quarterly cash dividend to $0.77 per share, raising the annualized dividend to $3.08 per share. This increase will be payable on April 15, 2026, to shareholders of record on March 27, 2026.
Furthermore, Valmont Industries appointed Paul Maass to its board of directors, expanding the board to eleven members. Maass is currently the CEO of The Scoular Company and brings significant experience from the agricultural and biofuels sectors. DA Davidson also raised its price target for Valmont Industries to $450 from $415, maintaining a Neutral rating. The firm highlighted strong momentum in Valmont's Infrastructure segment, particularly in Utility, which is expected to continue.
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