Advantus Capital Management Inc raised its stake in Valmont Industries, Inc. (NYSE:VMI) by 5.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,884 shares of the industrial products company’s stock after buying an additional 137 shares during the period. Advantus Capital Management Inc’s holdings in Valmont Industries were worth $448,000 as of its most recent filing with the SEC.
A number of other large investors have also bought and sold shares of VMI. FMR LLC increased its stake in Valmont Industries by 0.4% in the first quarter. FMR LLC now owns 503,021 shares of the industrial products company’s stock valued at $78,220,000 after buying an additional 2,221 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of Valmont Industries by 4.4% in the first quarter. Principal Financial Group Inc. now owns 92,857 shares of the industrial products company’s stock worth $14,439,000 after buying an additional 3,911 shares during the last quarter. OppenheimerFunds Inc. increased its position in shares of Valmont Industries by 20.5% in the first quarter. OppenheimerFunds Inc. now owns 4,133 shares of the industrial products company’s stock worth $643,000 after buying an additional 703 shares during the last quarter. Gofen & Glossberg LLC IL bought a new position in shares of Valmont Industries during the first quarter worth approximately $205,000. Finally, Credit Agricole S A bought a new position in shares of Valmont Industries during the first quarter worth approximately $516,000. Institutional investors own 85.05% of the company’s stock.
Shares of Valmont Industries, Inc. (VMI) traded down 0.20% during mid-day trading on Thursday, hitting $146.80. The stock had a trading volume of 3,961 shares. The stock has a market cap of $3.32 billion, a price-to-earnings ratio of 18.58 and a beta of 0.99. The firm’s 50-day moving average price is $149.49 and its 200 day moving average price is $149.10. Valmont Industries, Inc. has a 12-month low of $120.65 and a 12-month high of $165.20.
Valmont Industries (NYSE:VMI) last released its earnings results on Wednesday, April 19th. The industrial products company reported $1.72 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.64 by $0.08. The company had revenue of $637.47 million during the quarter, compared to analysts’ expectations of $626.02 million. Valmont Industries had a return on equity of 14.93% and a net margin of 6.99%. The business’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same period last year, the firm earned $1.45 EPS. Equities analysts forecast that Valmont Industries, Inc. will post $7.08 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, July 14th. Stockholders of record on Friday, June 30th will be paid a $0.375 dividend. The ex-dividend date of this dividend is Wednesday, June 28th. This represents a $1.50 annualized dividend and a dividend yield of 1.02%. Valmont Industries’s dividend payout ratio (DPR) is currently 18.96%.
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A number of research analysts recently commented on the company. Zacks Investment Research upgraded Valmont Industries from a “hold” rating to a “buy” rating and set a $179.00 price objective for the company in a research note on Thursday, March 2nd. Stifel Nicolaus upped their price objective on Valmont Industries to $160.00 and gave the stock a “hold” rating in a research note on Thursday, February 23rd. BidaskClub upgraded Valmont Industries from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 13th. Finally, William Blair restated a “market perform” rating on shares of Valmont Industries in a research note on Sunday, April 23rd. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $167.00.
Valmont Industries Company Profile
Valmont Industries, Inc is a producer of fabricated metal products, and steel, aluminum and composite pole, tower and other structures, and mechanized irrigation systems. The Company’s segments are Engineered Support Structures (ESS); Utility Support Structures; Energy and Mining; Coatings; Irrigation, and Other.
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