Valmont Industries Inc. (VMI) shares fell 3.9% to $505.35 on July 22, 2026. The stock declined from a previous closing price of $525.88. Investors triggered a sell-the-news reaction to take profits following an earnings beat.
Thrivent Small Cap Stock Fund initiated a new position in the company despite the price drop. The fund cited Valmont’s successful restructuring and improved operational efficiency as primary reasons for the move. Strong demand within the utility business also supported the investment decision.