Valmont Industries, Inc. (NYSE:VMI) Shares Bought by Vanguard Group Inc.

Vanguard Group Inc. raised its holdings in Valmont Industries, Inc. (NYSE:VMI) by 0.0% in the first quarter, Holdings Channel.com reports. The fund owned 1,991,788 shares of the industrial products company’s stock after buying an additional 949 shares during the quarter. Vanguard Group Inc. owned approximately 0.10% of Valmont Industries worth $568,397,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Quarry LP lifted its holdings in Valmont Industries by 395.1% in the fourth quarter. Quarry LP now owns 203 shares of the industrial products company’s stock valued at $62,000 after acquiring an additional 162 shares during the period. GAMMA Investing LLC lifted its holdings in Valmont Industries by 82.3% in the first quarter. GAMMA Investing LLC now owns 226 shares of the industrial products company’s stock valued at $64,000 after acquiring an additional 102 shares during the period. Signaturefd LLC lifted its holdings in Valmont Industries by 23.9% in the first quarter. Signaturefd LLC now owns 270 shares of the industrial products company’s stock valued at $77,000 after acquiring an additional 52 shares during the period. New Age Alpha Advisors LLC acquired a new stake in Valmont Industries in the first quarter valued at $82,000. Finally, Meeder Asset Management Inc. acquired a new stake in Valmont Industries in the first quarter valued at $90,000. Institutional investors and hedge funds own 87.84% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on VMI. Wall Street Zen downgraded Valmont Industries from a “buy” rating to a “hold” rating in a report on Sunday, August 3rd. DA Davidson lifted their price target on Valmont Industries from $380.00 to $400.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 23rd. William Blair raised Valmont Industries from a “market perform” rating to an “outperform” rating in a research note on Wednesday, April 23rd. Finally, Stifel Nicolaus lifted their price target on Valmont Industries from $345.00 to $382.00 and gave the stock a “buy” rating in a research note on Monday, July 21st.

Insider Buying and Selling

In related news, CAO Timothy P. Francis sold 2,867 shares of Valmont Industries stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $358.52, for a total transaction of $1,027,876.84. Following the completion of the sale, the chief accounting officer owned 9,746 shares in the company, valued at approximately $3,494,135.92. This trade represents a 22.73% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.50% of the company’s stock.

Valmont Industries Trading Up 0.4%

NYSE:VMI opened at $380.52 on Thursday. The company has a market capitalization of $7.51 billion, a PE ratio of 35.43 and a beta of 1.12. The company has a quick ratio of 1.44, a current ratio of 2.15 and a debt-to-equity ratio of 0.48. Valmont Industries, Inc. has a 52-week low of $250.07 and a 52-week high of $384.09. The stock has a fifty day simple moving average of $341.87 and a 200-day simple moving average of $322.67.

Valmont Industries (NYSE:VMI) last released its quarterly earnings results on Tuesday, July 22nd. The industrial products company reported $4.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.78 by $0.10. The business had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.03 billion. Valmont Industries had a return on equity of 22.10% and a net margin of 5.98%. The business’s revenue was up 1.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $4.91 EPS. On average, equities research analysts expect that Valmont Industries, Inc. will post 18.07 earnings per share for the current fiscal year.

Valmont Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Friday, September 26th will be given a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Friday, September 26th. Valmont Industries’s dividend payout ratio (DPR) is currently 25.33%.

About Valmont Industries

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.