Janney Montgomery Scott LLC Acquires 207 Shares of Valmont Industries, Inc. (NYSE:VMI)

Janney Montgomery Scott LLC raised its holdings in shares of Valmont Industries, Inc. (NYSE:VMI) by 16.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,490 shares of the industrial products company’s stock after purchasing an additional 207 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Valmont Industries were worth $425,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in VMI. Steward Partners Investment Advisory LLC grew its position in shares of Valmont Industries by 25.3% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,044 shares of the industrial products company’s stock valued at $320,000 after purchasing an additional 211 shares during the last quarter. Victory Capital Management Inc. boosted its stake in Valmont Industries by 24.2% in the 4th quarter. Victory Capital Management Inc. now owns 6,068 shares of the industrial products company’s stock valued at $1,861,000 after purchasing an additional 1,184 shares during the period. M&T Bank Corp grew its holdings in Valmont Industries by 5.9% in the 4th quarter. M&T Bank Corp now owns 1,144 shares of the industrial products company’s stock valued at $351,000 after buying an additional 64 shares in the last quarter. Arizona State Retirement System increased its position in Valmont Industries by 0.7% during the 4th quarter. Arizona State Retirement System now owns 5,853 shares of the industrial products company’s stock worth $1,795,000 after buying an additional 38 shares during the period. Finally, Raymond James Financial Inc. bought a new position in Valmont Industries during the 4th quarter worth $4,166,000. 87.84% of the stock is owned by institutional investors.

Valmont Industries Price Performance

VMI stock opened at $341.58 on Friday. The company’s 50-day moving average price is $318.08 and its two-hundred day moving average price is $315.44. Valmont Industries, Inc. has a 12 month low of $250.07 and a 12 month high of $379.22. The company has a quick ratio of 1.50, a current ratio of 2.26 and a debt-to-equity ratio of 0.45. The firm has a market cap of $6.86 billion, a P/E ratio of 19.88 and a beta of 1.12.

Valmont Industries (NYSE:VMI) last issued its earnings results on Tuesday, April 22nd. The industrial products company reported $4.32 earnings per share for the quarter, beating analysts’ consensus estimates of $4.24 by $0.08. Valmont Industries had a return on equity of 22.27% and a net margin of 8.55%. The firm had revenue of $969.31 million for the quarter, compared to the consensus estimate of $976.04 million. On average, analysts anticipate that Valmont Industries, Inc. will post 18.07 earnings per share for the current fiscal year.

Valmont Industries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Friday, June 27th will be issued a dividend of $0.68 per share. The ex-dividend date is Friday, June 27th. This represents a $2.72 annualized dividend and a dividend yield of 0.80%. Valmont Industries’s dividend payout ratio (DPR) is presently 15.83%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on VMI shares. Stifel Nicolaus boosted their target price on shares of Valmont Industries from $343.00 to $345.00 and gave the company a “buy” rating in a research report on Wednesday, April 23rd. William Blair raised shares of Valmont Industries from a “market perform” rating to an “outperform” rating in a report on Wednesday, April 23rd. Finally, Wall Street Zen upgraded shares of Valmont Industries from a “hold” rating to a “buy” rating in a research report on Saturday, May 31st.

Valmont Industries Profile

Valmont Industries, Inc operates as manufacturer of products and services for infrastructure and agriculture markets in the United States, Australia, Brazil, and internationally. It operates through two segments, Infrastructure and Agriculture. The company manufactures and distributes steel, pre-stressed concrete, composite structures for electrical transmission, substation, and distribution applications; and designs, engineers, and manufactures metal, steel, wood, aluminum, and composite poles and structures for lighting and transportation applications.