Neuberger Berman Reports 104,925 Shared Voting Shares in Valmont

TL;DR

**Neuberger Berman now has shared voting power over 104,925 Valmont shares.**

AI Summary

Neuberger Berman Group LLC, a Delaware-based investment firm, filed an amended Schedule 13G/A on February 12, 2024, indicating a change in their beneficial ownership of Valmont Industries Inc. As of December 31, 2023, Neuberger Berman Group LLC reported shared voting power over 104,925 shares of Valmont Industries' common stock. This filing is important for investors as it shows a significant institutional holder's updated position, which can influence market perception and potentially signal confidence or lack thereof in the company's future performance.

Why It Matters

This filing updates the public on a major institutional investor's stake in Valmont Industries, providing transparency on who holds significant influence over the company's voting matters.

Risk Assessment

Risk Level: low — This filing is a routine update on institutional ownership and does not indicate any immediate financial risk to the company or its investors.

Analyst Insight

Investors should note that a major institutional investor, Neuberger Berman, holds a substantial but non-controlling shared voting stake in Valmont Industries. This indicates continued institutional interest, but the filing itself doesn't suggest an immediate buy or sell signal.

Key Numbers

• 104,925 — Shared Voting Power Shares (Represents the number of Valmont Industries common shares over which Neuberger Berman Group LLC has shared voting power as of December 31, 2023.)

Key Players & Entities

• Neuberger Berman Group LLC (company) — reporting person and investment firm
• Valmont Industries Inc (company) — subject company whose shares are being reported
• 104,925 (dollar_amount) — number of shares with shared voting power
• December 31, 2023 (date) — date of event requiring the filing
• Delaware (company) — place of organization for Neuberger Berman Group LLC

Forward-Looking Statements

• Neuberger Berman Group LLC will maintain a significant, but not controlling, stake in Valmont Industries Inc. through 2024. (Neuberger Berman Group LLC) — medium confidence, target: 2024-12-31

FAQ

Filing Documents

• formsc13ga-02122024_070216.htm (SC 13G/A) — 52KB
• 0001415889-24-003321.txt ( ) — 54KB

Ownership of Five Percent or Less of a Class

Item 5. Ownership of Five Percent or Less of a Class If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following [ ]

Ownership of More than Five Percent on Behalf of Another Person

Item 6. Ownership of More than Five Percent on Behalf of Another Person. Neuberger Berman Group LLC and its affiliates may be deemed to be beneficial owners of securities for purposes of Exchange Act Rule 13d-3 because they or certain affiliated persons have shared power to retain, dispose of or vote the securities of unrelated clients. Neuberger Berman Group LLC or its affiliated persons do not, however, have any economic interest in the securities of those clients. The clients have the sole right to receive and the power to direct the receipt of dividends from or proceeds from the sale of such securities. Other than named in this filing, no one client has an interest of more than 5% of the issuer. With regard to the shares set forth under item 4(c)(ii), Neuberger Berman Group LLC may be deemed to be the beneficial owner for purposes of Rule 13d-3 because certain affiliated persons have shared power to retain, dispose of and vote the securities. In addition to the holdings of individual advisory clients, Neuberger Berman Investment Advisers LLC serves as investment manager of Neuberger Berman Group LLC's various registered mutual funds which hold such shares. The holdings belonging to clients of Neuberger Berman Trust Co N.A., Neuberger Berman Trust Co of Delaware N.A., Neuberger Berman Asia Ltd., Neuberger Berman Canada ULC and Neuberger Berman Investment Advisers LLC are also aggregated to comprise the holdings referenced herein. In addition to the shares set forth under Item 4(c)(ii) for which Neuberger entities also have shared power to dispose of the shares, item 4(c)(iv) also includes shares from individual client accounts over which Neuberger Berman Investment Advisers LLC has shared power to dispose but does not have voting power over these shares. The holdings of Neuberger Berman Trust Co N.A., Neuberger Berman Trust Co of Delaware N.A., Neuberger Berman Asia Ltd., Neuberger Berman Canada ULC and Neuberger Berman Investment Advisers LLC, are also aggr

Identification and Classification of Members of the Group

Item 8. Identification and Classification of Members of the Group. N/A

Notice of Dissolution of Group

Item 9. Notice of Dissolution of Group. N/A

Certification

Item 10. Certification. By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

SIGNATURES

SIGNATURES After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: February 12, 2024 Neuberger Berman Investment Advisers LLC By: /s/ Brad Cetron Name: Brad Cetron Title: Managing Director Date: February 12, 2024 Neuberger Berman Group LLC By: /s/ Brad Cetron Name: Brad Cetron Title: Managing Director

View Full Filing

View this SC 13G/A filing on SEC EDGAR