VMI Valmont Industries, Inc. Common Stock

NYSE · Construction · View on SEC EDGAR ↗
$485.14
Price · Aug 19, 2026
Fundamentals as of Jul 28, 2026

About Valmont Industries, Inc. Common Stock Company overview from Wikipedia

Valmont Industries, Inc. is a large, publicly held American manufacturer of Valley center pivot and linear irrigation equipment, windmill support structures, lighting and traffic poles and steel utility poles.

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Valmont Industries, Inc. is a large, publicly held American manufacturer of Valley center pivot and linear irrigation equipment, windmill support structures, lighting and traffic poles and steel utility poles.

Their corporate office is in Omaha, Nebraska. Their plant and irrigation department is in Valley, Nebraska. Valmont has many worldwide locations including Europe, China and India.

The company was founded by Robert B. Daugherty.

In 1966, the Valley Manufacturing Company became Valmont Industries, named after the two neighboring towns of Valley and Fremont.

Mogens Bay was appointed Head Chairman and C.E.O. following the retirement of founder Robert B. Daugherty in 2004.

Valmont acquired Shakespeare Composite Structures from Philips in 2014.

Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗

Wikidata ↗

VMI Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

Price
$485.13
Market Cap
P/E (TTM)
24.6
EPS (TTM)
$16.79
Revenue (TTM)
$4.10B
Div Yield
ROE
22.2%
Debt/Equity
0.5
52W Range
$360 – $586

VMI Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view

10-Year Performance Revenue, net income, margins and EPS trends

Revenue & Net Income $4.10B
10-point trend, +49.5%
2017-12-30 2025-12-27
EPS $16.79
9-point trend, +228.6%
2017-12-30 2025-12-27
Free Cash Flow $311M
9-point trend, +244.3%
2017-12-30 2025-12-27
Margins 8.5%
9-point trend, +21.7%
2017-12-30 2025-12-27

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Metric
5Y trend
VMI
Peer Median
P/E (TTM)
5-point trend, -8.7%
24.6
32.1

Profitability Gross, operating and net margins; ROE, ROA, ROIC

Metric
5Y trend
VMI
Peer Median
Gross Margin
5-point trend, +19.7%
30.2%
20.1%
Operating Margin
5-point trend, +23.7%
10.1%
Net Profit Margin
5-point trend, +51.0%
8.5%
5.5%
ROA
5-point trend, +69.3%
10.5%
6.0%
ROE
5-point trend, +44.0%
22.2%
20.1%
ROIC
5-point trend, +71.1%
16.0%

Financial Health Debt, liquidity, solvency — balance sheet strength

Metric
5Y trend
VMI
Peer Median
Debt / Equity
5-point trend, -29.0%
0.5
Current Ratio
5-point trend, +5.1%
2.4
1.6
Quick Ratio
5-point trend, +8.7%
1.1

Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR

Metric
5Y trend
VMI
Peer Median
Revenue YoY
5-point trend, -5.5%
0.71%
Revenue CAGR 3Y
5-point trend, -5.5%
-1.9%
Revenue CAGR 5Y
5-point trend, -5.5%
7.2%
EPS YoY
5-point trend, +84.5%
-2.3%
Net Income YoY
5-point trend, +79.0%
0.58%

Per Share Metrics EPS, book value per share, cash flow per share, dividend per share

Metric
5Y trend
VMI
Peer Median
EPS (Diluted)
5-point trend, +84.5%
$16.79

Capital Efficiency Asset turnover, inventory turnover, receivables turnover

Metric
5Y trend
VMI
Peer Median
Payout Ratio
5-point trend, -28.5%
15.0%

Dividends Yield, payout ratio, dividend history, 5Y CAGR

Dividend Yield
Payout Ratio
15.0%
5Y Div CAGR
Ex-dateAmount
June 26, 2026$0.7700
March 27, 2026$0.7700
Dec. 26, 2025$0.6800
Sept. 26, 2025$0.6800
June 27, 2025$0.6800
March 28, 2025$0.6800
Dec. 27, 2024$0.6000
Sept. 27, 2024$0.6000
June 28, 2024$0.6000
March 27, 2024$0.6000
Dec. 28, 2023$0.6000
Sept. 28, 2023$0.6000
June 29, 2023$0.6000
March 30, 2023$0.6000
Dec. 29, 2022$0.5500
Sept. 22, 2022$0.5500
June 23, 2022$0.5500
March 24, 2022$0.5500
Dec. 22, 2021$0.5000
Sept. 23, 2021$0.5000

VMI Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

BUY 11 analysts
  • Strong Buy 5 45.5%
  • Buy 4 36.4%
  • Hold 2 18.2%
  • Sell 0 0.0%
  • Strong Sell 0 0.0%

12-Month Price Target

4 analysts · 2026-08-17
Median target $610.00 +25.7%
Mean target $624.50 +28.7%

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

Avg Surprise
0.87%
Period EPS Actual EPS Est Surprise
June 30, 2026 $6.14 $5.86 0.28%
March 31, 2026 $5.51 $4.78 0.73%
Dec. 31, 2025 $8.84 $5.01 3.8%
Sept. 30, 2025 $4.98 $4.67 0.31%
June 30, 2025 $4.88 $4.76 0.12%
March 31, 2025 $4.32 $4.40 -0.08%

Peer comparison (GICS sub-industry) Key metrics vs sector peers

Ticker Market Cap P/E Rev YoY Net Margin ROE Gross Margin
VMI 24.6 0.71% 8.5% 22.2% 30.2%
MTZ 42.9 16.2% 2.8% 12.9%
APG $15.91B -55.4 12.7% 3.8% 9.2% 31.4%
STRL $9.40B 32.6 17.7% 11.7% 30.3% 23.0%
IESC $7.90B 26.5 16.9% 9.1% 38.5% 25.5%
DY $10.92B 38.1 17.9% 5.1% 17.4%
AGX $4.84B 35.6 8.1% 14.6% 32.2% 20.5%
ACM $17.19B 31.0 0.21% 3.5% 24.0% 7.5%
LGN 21.5% -2.3% -30.5% 21.0%
ECG $4.36B 21.7 31.5% 5.4% 35.3% 12.1%
FLR -127.8 -5.0%

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

Income Statement 17
Annual Income Statement data for VMI
Metric Trend 202520242023202220212020201920182017201620152014
Revenue 12-point trend, +31.4% $4.10B $4.08B $4.17B $4.35B $3.50B $2.90B $2.77B $2.76B $2.75B $2.52B $2.62B $3.12B
Cost of Revenue 12-point trend, +23.7% $2.86B $2.83B $2.94B $3.22B $2.62B $2.13B $2.08B $2.09B $2.06B $1.87B $2.00B $2.32B
Gross Profit 12-point trend, +53.4% $1.24B $1.24B $1.24B $1.13B $884M $766M $683M $668M $682M $656M $621M $808M
R&D Expense 12-point trend, +137.4% $33M $59M $55M $46M $37M $21M $14M $12M $12M $8M $12M $14M
SG&A Expense 12-point trend, +59.3% $718M $717M $768M $693M $591M $523M $455M $440M $415M $411M $447M $450M
Operating Income 12-point trend, +16.2% $416M $525M $292M $433M $287M $226M $228M $212M $267M $245M $132M $358M
Interest Expense 10-point trend, +54.4% · · $57M $48M $43M $41M $40M $44M $45M $44M $45M $37M
Interest Income 12-point trend, +35.4% $8M $7M $6M $2M $1M $2M $4M $5M $5M $3M $3M $6M
Other Non-op 12-point trend, -124.5% $-9M $-4M $-11M $13M $13M $3M $2M $2M $-3M $16M $3M $-4M
Pretax Income 12-point trend, +32.9% $378M $469M $236M $364M $260M $193M $200M $153M $228M $220M $93M $284M
Income Tax 12-point trend, -74.9% $24M $118M $90M $109M $61M $50M $48M $46M $106M $42M $47M $95M
Net Income 12-point trend, +85.0% $350M $348M $151M $251M $196M $142M $152M $108M $122M $178M $45M $189M
EPS (Basic) 12-point trend, +136.5% $16.91 $17.31 $6.85 $11.77 $9.23 $6.60 $6.76 $4.56 $5.16 $7.68 $1.72 $7.15
EPS (Diluted) 12-point trend, +136.8% $16.79 $17.19 $6.78 $11.62 $9.10 $6.57 $6.73 $4.53 $5.11 $7.63 $1.71 $7.09
Shares (Basic) 12-point trend, -23.0% 19,795,000 20,122,000 20,956,000 21,311,000 21,193,000 21,315,000 21,659,000 22,306,000 22,520,000 22,562,000 23,288,000 25,719,000
Shares (Diluted) 12-point trend, -23.1% 19,937,000 20,261,000 21,159,000 21,580,000 21,493,000 21,425,000 21,769,000 22,446,000 22,738,000 22,709,000 23,405,000 25,932,000
EBITDA 11-point trend, +126.2% $504M $620M $390M $530M $379M $309M $320M $285M $351M $326M $223M ·
Balance Sheet 28
Annual Balance Sheet data for VMI
Metric Trend 202520242023202220212020201920182017201620152014
Cash & Equivalents 12-point trend, -49.6% $187M $164M $203M $185M $177M $401M $354M $313M $493M $400M $349M $372M
Receivables 12-point trend, +9.9% $590M $654M $658M $604M $572M $512M $480M $484M $504M $439M $466M $537M
Inventory 12-point trend, +57.5% $566M $590M $658M $729M $729M $449M $418M $384M $421M $350M $341M $360M
Prepaid Expense 12-point trend, +24.2% $71M $82M $92M $88M $84M $60M $32M $43M $27M $57M $46M $57M
Current Assets 12-point trend, +23.5% $1.72B $1.68B $1.79B $1.78B $1.71B $1.55B $1.43B $1.34B $1.47B $1.25B $1.23B $1.39B
PP&E (Net) 12-point trend, +11.1% $674M $589M $617M $596M $599M $598M $558M $514M $519M $518M $532M $606M
PP&E (Gross) 12-point trend, +44.0% $1.64B $1.50B $1.51B $1.43B $1.42B $1.34B $1.25B $1.16B $1.17B $1.11B $1.08B $1.14B
Accum. Depreciation 12-point trend, +81.3% $967M $913M $896M $838M $823M $744M $687M $647M $647M $587M $549M $533M
Goodwill 12-point trend, +48.3% $571M $624M $633M $740M $709M $430M $429M $385M $338M $321M $372M $385M
Intangibles 12-point trend, -39.9% $121M $134M $151M $177M $175M $167M $176M $176M $139M $144M $170M $202M
Other Non-current Assets 12-point trend, -88.4% $17M $41M $273M $240M $252M $203M $212M $114M $134M $155M $126M $143M
Total Assets 12-point trend, +23.8% $3.37B $3.33B $3.48B $3.56B $3.45B $2.95B $2.81B $2.58B $2.60B $2.39B $2.39B $2.72B
Accounts Payable 12-point trend, +82.9% $360M $372M $358M $360M $348M $268M $198M $218M $228M $177M $180M $197M
Accrued Liabilities 12-point trend, +77.0% $157M $132M $147M $124M $109M $90M $84M $92M $81M $90M $106M $88M
Current Liabilities 12-point trend, +84.2% $732M $811M $723M $804M $766M $673M $514M $409M $403M $350M $367M $397M
Capital Leases 8-point trend, +130007000.00 $130M $135M $163M $155M $148M $80M $86M $0 · · · ·
Deferred Tax 12-point trend, -92.6% $5M $6M $21M $41M $48M $42M $59M $43M $35M $36M $36M $72M
Other Non-current Liabilities 12-point trend, -22.4% $35M $27M $13M $13M $90M $59M $9M $10M $21M $15M $40M $46M
Total Liabilities 4-point trend, -9.8% $1.73B $1.74B $2.06B $1.92B · · · · · · · ·
Long-term Debt 12-point trend, +3.6% $796M $731M $1.11B $872M $952M $731M $766M $743M $755M $756M $758M $768M
Total Debt 11-point trend, +4.0% $796M $731M $1.11B $872M $952M $731M $766M $743M $755M $756M $765M ·
Common Stock Flat — no change across 12 periods $28M $28M $28M $28M $28M $28M $28M $28M $28M $28M $28M $28M
Paid-in Capital 9-point trend, +0.00 · · $0 · $1M $335.0K $0 $0 $0 $0 $0 $0
Retained Earnings 12-point trend, +83.6% $3.16B $2.94B $2.64B $2.59B $2.39B $2.25B $2.17B $2.03B $1.95B $1.87B $1.73B $1.72B
Treasury Stock 12-point trend, +207.3% $1.26B $1.09B $1.04B $765M $774M $781M $744M $693M $590M $613M $572M $410M
AOCI 12-point trend, -116.1% $-291M $-333M $-273M $-275M $-263M $-310M $-313M $-303M $-279M $-346M $-267M $-134M
Stockholders' Equity 12-point trend, +35.9% $1.63B $1.54B $1.35B $1.58B $1.39B $1.18B $1.14B $1.06B $1.11B $943M $918M $1.20B
Liabilities + Equity 12-point trend, +23.4% $3.37B $3.33B $3.48B $3.56B $3.45B $2.95B $2.81B $2.53B $2.60B $2.39B $2.39B $2.73B
Cash Flow 19
Annual Cash Flow data for VMI
Metric Trend 202520242023202220212020201920182017201620152014
D&A 12-point trend, -0.9% $89M $95M $99M $97M $93M $83M $82M $83M $85M $82M $91M $89M
Stock-based Comp 12-point trend, +261.2% $24M $30M $39M $42M $29M $15M $12M $10M $11M $10M $7M $7M
Deferred Tax 12-point trend, -465.6% $-19M $-25M $-19M $-1M $71.0K $-1M $1M $814.0K $40M $-24M $5M $5M
Amort. of Intangibles 12-point trend, -38.9% $11M $14M $19M $22M $21M $18M $18M $15M $16M $16M $18M $18M
Restructuring 10-point trend, +13.0% $15M · $35M $23M $23M $23M $34M $34M $14M $14M $14M ·
Other Non-cash 11-point trend, -89.8% $13M $124M $37M $-66M $-253M $78M $50M $-39M $-112M $-28M $124M ·
Operating Cash Flow 12-point trend, +162.2% $456M $573M $307M $326M $66M $316M $308M $153M $133M $233M $272M $174M
CapEx 12-point trend, +98.6% $145M $79M $97M $93M $108M $107M $97M $72M $55M $58M $45M $73M
Investing Cash Flow 12-point trend, +44.4% $-143M $-79M $-115M $-132M $-417M $-104M $-168M $-155M $-50M $-53M $-48M $-257M
Debt Issued 12-point trend, -66.9% $216M $30M $370M $254M $312M $89M $31M $252M $0 $0 $68M $652M
Net Debt Issued 11-point trend, +5949.0% $64M $-378M $235M $-82M $221M $-33M $20M $-11M $-887.0K $-2M $-1M ·
Stock Repurchased 12-point trend, -49.9% $198M $70M $345M $40M $26M $56M $63M $115M $0 $54M $169M $395M
Net Stock Activity 11-point trend, +64.9% $-198M $-70M $-345M $-40M $-26M $-56M $-796M $-733M $-618M $-618M $-564M ·
Dividends Paid 12-point trend, +61.8% $52M $48M $50M $46M $41M $37M $33M $34M $34M $34M $35M $32M
Financing Cash Flow 12-point trend, -113.8% $-299M $-523M $-176M $-182M $134M $-174M $-99M $-162M $-32M $-95M $-220M $-140M
Net Change in Cash 12-point trend, +109.4% $23M $-39M $18M $8M $-223M $47M $40M $-180M $79M $65M $-23M $-242M
Taxes Paid 12-point trend, -24.2% $84M $126M $104M $93M $60M $55M $44M $47M $64M $48M $33M $111M
Free Cash Flow 11-point trend, +37.3% $311M $493M $210M $233M $-42M $210M $210M $81M $90M $161M $227M ·
Levered FCF 9-point trend, -14.7% · · $175M $200M $-74M $179M $180M $50M $67M $125M $205M ·
Profitability 8
Annual Profitability data for VMI
Metric Trend 202520242023202220212020201920182017201620152014
Gross Margin 11-point trend, +27.4% 30.2% 30.5% 29.6% 25.9% 25.2% 26.4% 25.0% 23.9% 24.8% 26.0% 23.7% ·
Operating Margin 11-point trend, +101.4% 10.1% 12.9% 7.0% 10.0% 8.2% 7.8% 8.6% 7.3% 9.7% 9.7% 5.0% ·
Net Margin 11-point trend, +393.1% 8.5% 8.6% 3.6% 5.9% 5.7% 4.9% 5.8% 3.6% 4.5% 7.1% 1.7% ·
Pretax Margin 11-point trend, +159.2% 9.2% 11.5% 5.7% 8.4% 7.4% 6.7% 7.6% 5.2% 8.3% 8.7% 3.5% ·
EBITDA Margin 11-point trend, +44.3% 12.3% 15.2% 9.3% 12.2% 10.8% 10.7% 11.6% 10.3% 12.8% 12.9% 8.5% ·
ROA 11-point trend, +491.0% 10.5% 10.2% 4.3% 7.3% 6.2% 4.9% 6.0% 3.9% 4.9% 7.5% 1.8% ·
ROE 11-point trend, +417.8% 22.2% 23.1% 10.6% 17.1% 15.4% 12.2% 14.7% 9.2% 11.9% 19.2% 4.3% ·
ROIC 11-point trend, +318.5% 16.0% 17.3% 7.3% 12.4% 9.4% 8.8% 9.6% 7.8% 7.6% 11.6% 3.8% ·
Liquidity & Solvency 5
Annual Liquidity & Solvency data for VMI
Metric Trend 202520242023202220212020201920182017201620152014
Current Ratio 11-point trend, -29.8% 2.4 2.1 2.5 2.2 2.2 2.3 2.7 3.3 3.7 3.6 3.3 ·
Quick Ratio 11-point trend, -52.2% 1.1 1.0 1.2 1.0 1.0 1.4 1.6 1.2 2.5 2.4 2.2 ·
Debt / Equity 11-point trend, -41.5% 0.5 0.5 0.8 0.6 0.7 0.6 0.7 0.7 0.7 0.8 0.8 ·
LT Debt / Equity 11-point trend, -41.5% 0.5 0.5 0.8 0.6 0.7 0.6 0.7 0.7 0.7 0.8 0.8 ·
Interest Coverage 9-point trend, +73.9% · · 5.1 9.1 6.7 5.5 5.9 4.6 6.0 5.5 3.0 ·
Efficiency 3
Annual Efficiency data for VMI
Metric Trend 202520242023202220212020201920182017201620152014
Asset Turnover 11-point trend, +19.8% 1.2 1.2 1.2 1.2 1.1 1.0 1.0 1.1 1.1 1.1 1.0 ·
Inventory Turnover 11-point trend, -13.2% 5.0 4.5 4.2 4.4 4.4 4.9 5.5 5.5 5.4 5.4 5.7 ·
Receivables Turnover 11-point trend, +26.3% 6.6 6.2 6.6 7.4 6.5 5.8 5.7 5.6 5.8 5.6 5.2 ·
Per Share 5
Annual Per Share data for VMI
Metric Trend 202520242023202220212020201920182017201620152014
Revenue / Share 11-point trend, +84.0% $205.85 $201.13 $197.30 $201.36 $162.92 $135.14 $127.11 $122.83 $120.77 $111.04 $111.90 ·
Cash Flow / Share 11-point trend, +96.8% $22.90 $28.27 $14.50 $15.12 $3.07 $14.76 $14.13 $6.82 $6.41 $9.65 $11.63 ·
Dividend / Share 7-point trend, +30.9% · · · · · $2 $2 $2 $2 $2 $2 $1
Dividend Paid / Share 12-point trend, +97.8% $3 $2 $2 $2 $2 $2 $2 $2 $2 $2 $2 $1
EPS (TTM) 12-point trend, +136.8% $16.79 $17.19 $6.78 $11.62 $9.10 $6.57 $6.73 $4.53 $5.11 $7.63 $1.71 $7.09
Growth Rates 10
Annual Growth Rates data for VMI
Metric Trend 202520242023202220212020201920182017201620152014
Revenue YoY 5-point trend, -96.6% 0.71% -2.4% -3.9% 24.1% 20.9% · · · · · · ·
Revenue CAGR 3Y 3-point trend, -114.6% -1.9% 5.2% 13.0% · · · · · · · · ·
Revenue CAGR 5Y 7.2% · · · · · · · · · · ·
EPS YoY 5-point trend, -106.1% -2.3% 153.5% -41.6% 27.7% 38.5% · · · · · · ·
EPS CAGR 3Y 3-point trend, +1142.9% 13.1% 23.6% 1.1% · · · · · · · · ·
EPS CAGR 5Y 20.6% · · · · · · · · · · ·
Net Income YoY 5-point trend, -98.5% 0.58% 130.9% -39.9% 28.2% 37.6% · · · · · · ·
Net Income CAGR 3Y 3-point trend, +488.5% 11.8% 21.2% 2.0% · · · · · · · · ·
Net Income CAGR 5Y 19.8% · · · · · · · · · · ·
Dividend CAGR 5Y 7.3% · · · · · · · · · · ·
Valuation (TTM) 6
Annual Valuation (TTM) data for VMI
Metric Trend 202520242023202220212020201920182017201620152014
Revenue TTM 12-point trend, +31.4% $4.10B $4.08B $4.17B $4.35B $3.50B $2.90B $2.77B $2.76B $2.75B $2.52B $2.62B $3.12B
Net Income TTM 12-point trend, +85.0% $350M $348M $151M $251M $196M $142M $152M $108M $122M $178M $45M $189M
P/E 12-point trend, +34.7% 24.6 17.8 34.4 28.5 26.9 26.2 22.3 24.0 32.5 18.5 63.4 18.2
Earnings Yield 12-point trend, -25.9% 4.1% 5.6% 2.9% 3.5% 3.7% 3.8% 4.5% 4.2% 3.1% 5.4% 1.6% 5.5%
Payout Ratio 11-point trend, -80.8% 15.0% 13.9% 32.8% 18.0% 20.9% 26.0% 20.5% 33.6% 27.7% 19.1% 78.0% ·
Annual Payout 12-point trend, +61.8% $52M $48M $50M $46M $41M $37M $33M $34M $34M $34M $35M $32M

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

Income Statement
2025-12-272024-12-282023-12-302022-12-312022-12-24
Revenue $4.10B$4.08B$4.17B$4.35B$4.35B
Gross Margin % 30.2%30.5%29.6%25.9%
Operating Margin % 10.1%12.9%7.0%10.0%
Net Income $350M$348M$151M$251M
Diluted EPS $16.79$17.19$6.78$11.62
Balance Sheet
2025-12-272024-12-282023-12-302022-12-312022-12-24
Debt / Equity 0.50.50.80.6
Current Ratio 2.42.12.52.2
Quick Ratio 1.11.01.21.0
Cash Flow
2025-12-272024-12-282023-12-302022-12-312022-12-24
Free Cash Flow $311M$493M$210M$233M

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Institutional owners (13F) 702 filers · $7.0B total · As of June 30, 2026

Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.

Institutional activity — Q2 2026 vs prior quarter
New positions Exited positions Increased Decreased Net shares change
121 (+30 vs prior Q) 64 (+18 vs prior Q) 194 (-9 vs prior Q) 217 (+23 vs prior Q) +2.4M

Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.

Institution Value Shares % of tracked 13F Type
VANGUARD PORTFOLIO MANAGEMENT LLC $493,276,754 854,011 7.06% Shares
VANGUARD CAPITAL MANAGEMENT LLC $487,497,288 844,005 6.98% Shares
STATE STREET CORP $381,502,404 659,625 5.46% Shares
NEUBERGER BERMAN GROUP LLC $283,215,479 490,332 4.06% Shares
EARNEST PARTNERS LLC $220,465,299 381,692 3.16% Shares
DIMENSIONAL FUND ADVISORS LP $210,821,147 364,995 3.02% Shares
GEODE CAPITAL MANAGEMENT, LLC $200,760,405 347,486 2.88% Shares
KING LUTHER CAPITAL MANAGEMENT CORP $195,135,229 337,838 2.79% Shares
Robert B. Daugherty Foundation $144,400,000 250,000 2.07% Shares
FULLER & THALER ASSET MANAGEMENT, INC. $142,306,705 246,376 2.04% Shares
NORGES BANK $141,054,541 244,208 2.02% Shares
CHARLES SCHWAB INVESTMENT MANAGEMENT INC $140,993,315 244,102 2.02% Shares
Pictet Asset Management Holding SA $138,187,211 239,251 1.98% Shares
Impax Asset Management Group plc $130,583,808 226,080 1.87% Shares
SEGALL BRYANT & HAMILL, LLC $118,941,702 205,924 1.70% Shares
Quantinno Capital Management LP $114,609,535 198,423 1.64% Shares
Ninety One UK Ltd $109,743,388 189,999 1.57% Shares
FIRST TRUST ADVISORS LP $101,566,916 175,843 1.45% Shares
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. $90,871,498 157,326 1.30% Shares
VICTORY CAPITAL MANAGEMENT INC $88,187,391 152,679 1.26% Shares
Southpoint Capital Advisors LP $86,640,000 150,000 1.24% Shares
Copeland Capital Management, LLC $76,506,994 132,456 1.10% Shares
VANGUARD FIDUCIARY TRUST CO $70,397,888 121,880 1.01% Shares
Point72 Asset Management, L.P. $68,194,344 118,065 0.98% Shares
Mawer Investment Management Ltd. $65,914,557 114,118 0.94% Shares
FMR LLC $65,071,280 112,658 0.93% Shares
ROYCE & ASSOCIATES LP $63,337,306 109,656 0.91% Shares
KENNEDY CAPITAL MANAGEMENT LLC $62,843,943 108,802 0.90% Shares
AMERICAN CENTURY COMPANIES INC $61,039,035 105,677 0.87% Shares
Greenhouse Funds LLLP $55,771,323 96,557 0.80% Shares
STOREBRAND ASSET MANAGEMENT AS $55,252,638 95,659 0.79% Shares
GOLDMAN SACHS GROUP INC $51,344,597 88,893 0.74% Shares
CONGRESS ASSET MANAGEMENT CO $50,333,715 87,143 0.72% Shares
JANUS HENDERSON GROUP PLC $50,308,639 125,830 0.72% Shares
VANGUARD GROUP INC $48,203,568 119,814 0.69% Shares
VAUGHAN NELSON INVESTMENT MANAGEMENT, L.P. $47,743,261 82,658 0.68% Shares
RENAISSANCE TECHNOLOGIES LLC $45,237,632 78,320 0.65% Shares
JONES FINANCIAL COMPANIES LLLP $41,469,211 72,913 0.59% Shares
Gotham Asset Management, LLC $41,409,299 71,692 0.59% Shares
Bornite Capital Management LP $37,717,280 65,300 0.54% Shares
Boston Trust Walden Corp $34,035,080 58,925 0.49% Shares
GAMCO INVESTORS, INC. ET AL $33,246,656 57,560 0.48% Shares
GABELLI FUNDS LLC $32,861,397 56,893 0.47% Shares
Leeward Investments, LLC - MA $32,447,258 56,176 0.46% Shares
HighTower Advisors, LLC $30,854,017 53,418 0.44% Shares
Arbejdsmarkedets Tillaegspension $29,249,664 50,640 0.42% Shares
RHUMBLINE ADVISERS $29,112,734 50,403 0.42% Shares
TRILLIUM ASSET MANAGEMENT, LLC $28,016,859 48,505 0.40% Shares
Retirement Systems of Alabama $27,023,016 46,785 0.39% Shares
VOLORIDGE INVESTMENT MANAGEMENT, LLC $26,954,859 46,667 0.39% Shares
PANAGORA ASSET MANAGEMENT INC $26,680,499 46,192 0.38% Shares
ENVESTNET ASSET MANAGEMENT INC $26,441,655 45,778 0.38% Shares
AMERIPRISE FINANCIAL INC $24,227,006 41,943 0.35% Shares
Clearbridge Investments, LLC $24,215,880 41,925 0.35% Shares
California Public Employees Retirement System $24,116,533 41,753 0.35% Shares
Avalon Trust Co $22,958,445 39,748 0.33% Shares
Swiss National Bank $22,653,472 39,220 0.32% Shares
Caisse de depot et placement du Quebec $22,461,709 38,888 0.32% Shares
CWM, LLC $22,346,494 55,926 0.32% Shares
Grantham, Mayo, Van Otterloo & Co. LLC $21,358,493 36,978 0.31% Shares
OPPENHEIMER & CO INC $21,180,592 36,670 0.30% Shares
ALTA FOX CAPITAL MANAGEMENT, LLC $21,070,848 36,480 0.30% Shares
Qube Research & Technologies Ltd $20,500,179 35,492 0.29% Shares
BLAIR WILLIAM & CO/IL $19,850,939 34,368 0.28% Shares
D.A. DAVIDSON & CO. $19,561,079 33,866 0.28% Shares
Pennant Select, LLC $19,060,800 33,000 0.27% Shares
BANK OF AMERICA CORP /DE/ $18,542,115 32,102 0.27% Shares
STATE OF WISCONSIN INVESTMENT BOARD $17,987,042 31,141 0.26% Shares
Squarepoint Ops LLC $17,862,280 30,925 0.26% Shares
Pennant Investors, LP $17,328,000 30,000 0.25% Shares
Zurcher Kantonalbank (Zurich Cantonalbank) $17,187,643 29,757 0.25% Shares
BlackRock, Inc. $16,937,542 29,324 0.24% Shares
NORDEA INVESTMENT MANAGEMENT AB $16,759,581 29,097 0.24% Shares
MILLENNIUM MANAGEMENT LLC $16,752,133 29,003 0.24% Shares
Ninety One North America, Inc. $16,120,240 27,909 0.23% Shares
Corient Private Wealth LP $15,722,727 27,221 0.23% Shares
Montanaro Asset Management Ltd $14,930,960 25,850 0.21% Shares
OP Asset Management Ltd $14,620,211 25,312 0.21% Shares
Delta Global Management LP $14,368,378 24,876 0.21% Shares
WealthPlan Investment Management, LLC $14,217,879 24,615 0.20% Shares
CRAWFORD INVESTMENT COUNSEL INC $13,768,953 23,838 0.20% Shares
Orion Portfolio Solutions, LLC $13,590,346 47,624 0.19% Shares
CAPITAL FUND MANAGEMENT S.A. $13,221,841 22,891 0.19% Shares
De Lisle Partners LLP $13,179,654 22,800 0.19% Shares
MORGAN STANLEY $11,832,136 20,485 0.17% Shares
Pier Capital, LLC $11,690,046 20,239 0.17% Shares
D. E. Shaw & Co., Inc. $11,567,018 20,026 0.17% Shares
SCOPUS ASSET MANAGEMENT, L.P. $11,552,000 20,000 0.17% Put option
Raiffeisen Bank International AG $11,467,400 20,000 0.16% Shares
DUFF & PHELPS INVESTMENT MANAGEMENT CO $11,299,589 19,563 0.16% Shares
ALLIANCEBERNSTEIN L.P. $10,980,983 27,482 0.16% Shares
VANGUARD ASSET MANAGEMENT, Ltd $10,922,994 18,911 0.16% Shares
CAPTRUST FINANCIAL ADVISORS $10,752,509 18,616 0.15% Shares
VAN ECK ASSOCIATES CORP $10,589,718 18,334 0.15% Shares
DANSKE BANK A/S $10,339,040 17,900 0.15% Shares
MANUFACTURERS LIFE INSURANCE COMPANY, THE $9,716,387 16,822 0.14% Shares
Covea Finance $9,703,680 16,800 0.14% Shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP $9,588,160 16,600 0.14% Call option
RAYMOND JAMES FINANCIAL INC $9,556,878 16,546 0.14% Shares
IEQ CAPITAL, LLC $9,522,215 16,486 0.14% Shares

Company insiders 56 insiders · 33 officers · 19 directors

Insider Role Last activity Shares owned Buys 12m Sells 12m Net 12m
Avner M Applbaum President and CEO July 31, 2026 F 26,031 0 0 $0
Stephen G Kaniewski President and CEO March 14, 2023 M 71,857 0 0 $0
John L Schwietz Executive VP and CFO July 29, 2026 F 2,968 1 0 $101,117
Thomas Liguori EVP, CFO Feb. 23, 2026 F 2,432 0 0 $0
Terry Mcclain Sr. VP & CFO Aug. 9, 2012 M 41,452 0 0 $0
Gregory Richard Turi President, Infrastructure Feb. 23, 2026 F 5,100 0 0 $0
James Christopher Colwell President, Infrastructure Feb. 23, 2026 F 7,929 0 1 $-154,005
John Timothy Donahue Group President Infrastructure Feb. 27, 2025 F 17,198 0 0 $0
Jennifer Paisley Chief People Officer Feb. 23, 2026 F 2,998 0 0 $0
Renee L Campbell SVP, Capital Markets & Risk Feb. 23, 2026 D 4,844 0 0 $0
Darryl R Matthews Group Pres. Global Agriculture Feb. 23, 2026 F 1,404 0 0 $0
Andrew R Massey VP, Legal and Corp. Secretary Feb. 23, 2026 F 10,827 0 0 $0
William Eric Johnson Chief Accounting Officer Dec. 15, 2025 A 806 0 0 $0
Ellen S Dasher VP, Global Taxation Dec. 15, 2025 A 6,528 0 0 $0
Timothy P Francis Chief Accounting Officer Aug. 1, 2025 M 9,746 0 0 $0
Diane M Larkin EVP, Global Operations Feb. 24, 2025 F 9,188 0 0 $0
Thomas Mitchell Parnell EVP, Human Resources Aug. 14, 2024 S 4,677 0 0 $0
Aaron M Schapper Former Group Pres. Agri. & CSO May 10, 2024 M 25,825 0 0 $0
Gene Padgett CAO Nov. 1, 2023 F 270 0 0 $0
Claudio Laterreur SVP IT / CIO Feb. 27, 2023 F 4,023 0 0 $0
Teresa M Hecker VP, Internal Audit March 9, 2021 A 1,255 0 0 $0
Vanessa Kay Brown Sr VP Human Resources Dec. 19, 2018 F 12,620 0 0 $0
John A Kehoe Sr VP Info Technology and CIO Sept. 12, 2018 M 1,920 0 0 $0
Barry A. Ruffalo EVP Operational Excellence March 10, 2017 M 5,419 0 0 $0
Todd G Atkinson Executive Vice President April 27, 2015 M 12,511 0 0 $0
Walter Pasko VP Procurement Dec. 8, 2014 A 3,252 0 0 $0
Brian J Desigio VP Corporate Development May 7, 2013 M 4,772 0 0 $0
Robert E Meaney Sr VP & Corp Secretary April 28, 2011 S 41,827 0 0 $0
John G Graboski VP Human Resources Feb. 21, 2011 A 3,773 0 0 $0
Steven G Branscombe VP Information Technology Feb. 22, 2010 A 11,129 0 0 $0
Mark Treinen V.P.-Business Dev. Dec. 16, 2007 A 0 0 0 $0
Ann Ashford Vice President-Corporate HR March 28, 2007 S 13,370 0 0 $0
Thomas P Pogge VP - General Counsel May 9, 2006 M 4,414 0 0 $0
Theodor Werner Freye Director July 27, 2026 S 2,805 0 1 $-396,000
Mogens C Bay Director April 27, 2026 A 112,650 0 5 $-8,615,941
Joan Robinson-Berry Director Oct. 30, 2025 G 2,487 0 0 $0
Richard Andrew Lanoha Director April 28, 2025 A 3,335 0 0 $0
Deborah H Caplan Director April 28, 2025 A 579 0 0 $0
Ritu Favre Director April 28, 2025 A 2,668 0 0 $0
James B. Milliken Director April 28, 2025 A 8,561 0 0 $0
Kaj Den Daas Director Nov. 18, 2024 S 8,644 0 0 $0
Clark T. Randt Jr. Director April 27, 2022 F 8,346 0 0 $0
Walter Scott JR Director April 27, 2021 A 138,283 0 0 $0
Donna M Milrod Director April 30, 2019 A 1,247 0 0 $0
Kenneth E Stinson Director April 25, 2017 A 67,328 0 0 $0
Glen A Barton Director April 29, 2014 A 23,718 0 0 $0
Stephen R Lewis JR Director July 26, 2012 S 11,615 0 0 $0
Thomas F Madison Director April 1, 2010 M 56,536 0 0 $0
John E Jones Director Feb. 25, 2008 M 49,448 0 0 $0
Charles D Peebler JR Director April 23, 2007 A 43,448 0 0 $0

Insiders from SEC Form 3/4/5 filings; net = open-market P/S only

Activists & 5%+ owners 1 position

Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.

Filer Filed Stake Status Purpose Filing
Robert B. Daugherty Charitable Foundation ×9 filings April 24, 2013 Initial filing SEC

Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.

ETF ownership Held by 118 ETFs

Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.

Fund Weight Units As of Source
CSMD · Professionally Managed Portfolios 3.80% 32,392 NS April 30, 2026 N-PORT
NBSM · Neuberger Berman ETF Trust 2.66% 11,563 NS May 31, 2026 N-PORT
PKB · Invesco Exchange-Traded Fund Trust 2.55% 19,589 SH Aug. 8, 2026 Daily
EPSB · Harbor ETF Trust 2.32% 213 NS April 30, 2026 N-PORT
CTEX · ProShares Trust 2.08% 295 NS May 31, 2026 N-PORT
PHO · Invesco Exchange-Traded Fund Trust 1.85% 78,513 SH Aug. 8, 2026 Daily
POWR · iShares, Inc. 1.23% 11,422 SH Aug. 8, 2026 Daily
TAX · EA Series Trust 1.11% 542 NS May 29, 2026 N-PORT
XMHQ · Invesco Exchange-Traded Fund Trust 1.06% 121,113 SH Aug. 8, 2026 Daily
AIPO · Tidal Trust II 0.97% 14,083 NS May 31, 2026 N-PORT
CCSO · Tidal Trust II 0.81% 745 NS April 30, 2026 N-PORT
XMMO · Invesco Exchange-Traded Fund Trust 0.70% 106,906 SH Aug. 8, 2026 Daily
FNY · First Trust Exchange-Traded AlphaDE… 0.67% 6,864 NS April 30, 2026 N-PORT
PAVE · Global X Funds 0.55% 144,506 NS May 31, 2026 N-PORT
CZA · Invesco Exchange-Traded Fund Trust 0.46% 1,779 SH Aug. 8, 2026 Daily
MIDE · DBX ETF Trust 0.42% 27 NS May 29, 2026 N-PORT
IQSM · New York Life Investments ETF Trust 0.41% 2,562 NS April 30, 2026 N-PORT
VFQY · VANGUARD WELLINGTON FUND 0.38% 3,158 SH Aug. 8, 2026 Daily
PAMC · Pacer Funds Trust 0.37% 463 NS April 30, 2026 N-PORT
IVOG · VANGUARD ADMIRAL FUNDS 0.35% 11,494 SH Aug. 8, 2026 Daily
IFRA · iShares Trust 0.34% 32,004 SH Aug. 8, 2026 Daily
AFMC · First Trust Exchange-Traded Fund VI… 0.33% 1,033 NS May 31, 2026 N-PORT
SMDX · Tidal Trust III 0.32% 802 NS April 30, 2026 N-PORT
IVOO · VANGUARD ADMIRAL FUNDS 0.31% 31,374 SH Aug. 8, 2026 Daily
IJK · iShares Trust 0.31% 68,075 SH Aug. 8, 2026 Daily
XJH · iShares Trust 0.30% 2,630 SH Aug. 8, 2026 Daily
QVMM · Invesco Exchange-Traded Fund Trust … 0.30% 2,658 SH Aug. 8, 2026 Daily
AVMV · AMERICAN CENTURY ETF TRUST 0.29% 3,513 NS May 31, 2026 N-PORT
PTMC · Pacer Funds Trust 0.29% 2,243 NS April 30, 2026 N-PORT
FNDA · SCHWAB STRATEGIC TRUST 0.28% 47,409 NS May 31, 2026 N-PORT
IJH · iShares Trust 0.26% 669,713 SH Aug. 8, 2026 Daily
FNX · First Trust Exchange-Traded AlphaDE… 0.26% 6,814 NS April 30, 2026 N-PORT
IVOV · VANGUARD ADMIRAL FUNDS 0.26% 6,668 SH Aug. 8, 2026 Daily
BKMC · BNY Mellon ETF Trust 0.26% 3,141 NS April 30, 2026 N-PORT
DEUS · DBX ETF Trust 0.25% 1,294 NS May 29, 2026 N-PORT
SDVD · First Trust Exchange-Traded Fund IV 0.25% 4,030 NS April 30, 2026 N-PORT
VBR · VANGUARD INDEX FUNDS 0.23% 268,467 SH Aug. 8, 2026 Daily
MVV · ProShares Trust 0.22% 682 NS May 31, 2026 N-PORT
IJJ · iShares Trust 0.22% 39,549 SH Aug. 8, 2026 Daily
SCHA · SCHWAB STRATEGIC TRUST 0.22% 94,638 NS May 31, 2026 N-PORT
BBMC · J.P. Morgan Exchange-Traded Fund Tr… 0.20% 8,135 NS April 30, 2026 N-PORT
FAD · First Trust Exchange-Traded AlphaDE… 0.20% 1,888 NS April 30, 2026 N-PORT
MIDU · Direxion Shares ETF Trust 0.20% 327 NS April 30, 2026 N-PORT
FSMD · FIDELITY COVINGTON TRUST 0.19% 8,903 NS April 30, 2026 N-PORT
VFMF · VANGUARD WELLINGTON FUND 0.19% 2,302 SH Aug. 8, 2026 Daily
SCHM · SCHWAB STRATEGIC TRUST 0.19% 53,270 NS May 31, 2026 N-PORT
DFAS · Dimensional ETF Trust 0.19% 52,244 NS April 30, 2026 N-PORT
ISCG · iShares Trust 0.18% 3,717 SH Aug. 8, 2026 Daily
AVLV · AMERICAN CENTURY ETF TRUST 0.18% 44,170 NS May 31, 2026 N-PORT
QGRO · AMERICAN CENTURY ETF TRUST 0.17% 7,171 NS May 31, 2026 N-PORT