Blair William & Co. IL raised its holdings in shares of Valmont Industries, Inc. (NYSE:VMI) by 2.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,786 shares of the industrial products company’s stock after buying an additional 50 shares during the quarter. Blair William & Co. IL’s holdings in Valmont Industries were worth $267,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. BlackRock Inc. raised its stake in shares of Valmont Industries by 13,061.6% in the first quarter. BlackRock Inc. now owns 1,764,835 shares of the industrial products company’s stock valued at $274,432,000 after purchasing an additional 1,751,426 shares in the last quarter. Pictet Asset Management Ltd. raised its stake in shares of Valmont Industries by 90.0% in the second quarter. Pictet Asset Management Ltd. now owns 407,665 shares of the industrial products company’s stock valued at $59,682,000 after purchasing an additional 193,098 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Valmont Industries by 55.3% in the first quarter. Bank of New York Mellon Corp now owns 413,659 shares of the industrial products company’s stock valued at $64,324,000 after purchasing an additional 147,339 shares in the last quarter. Kennedy Capital Management Inc. acquired a new position in shares of Valmont Industries in the first quarter valued at $14,376,000. Finally, Point72 Asset Management L.P. acquired a new position in shares of Valmont Industries in the first quarter valued at $14,026,000. Institutional investors own 83.57% of the company’s stock.
Valmont Industries, Inc. (NYSE:VMI) opened at 155.60 on Friday. Valmont Industries, Inc. has a 52 week low of $120.65 and a 52 week high of $165.20. The stock’s 50 day moving average price is $148.00 and its 200 day moving average price is $150.42. The firm has a market cap of $3.52 billion, a price-to-earnings ratio of 19.27 and a beta of 0.98.
Valmont Industries (NYSE:VMI) last released its earnings results on Wednesday, July 19th. The industrial products company reported $2.01 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.96 by $0.05. Valmont Industries had a net margin of 6.94% and a return on equity of 14.89%. The firm had revenue of $712.70 million during the quarter, compared to analyst estimates of $668.06 million. During the same period last year, the business earned $1.85 earnings per share. The business’s revenue was up 11.3% on a year-over-year basis. On average, equities research analysts predict that Valmont Industries, Inc. will post $7.09 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Friday, September 29th will be issued a dividend of $0.375 per share. The ex-dividend date is Thursday, September 28th. This represents a $1.50 annualized dividend and a dividend yield of 0.96%. Valmont Industries’s payout ratio is 18.59%.
A number of analysts have weighed in on VMI shares. Stifel Nicolaus reiterated a “buy” rating and issued a $171.00 price target on shares of Valmont Industries in a research report on Friday, July 14th. Zacks Investment Research upgraded Valmont Industries from a “hold” rating to a “buy” rating and set a $165.00 price target on the stock in a research report on Thursday, June 22nd. Seaport Global Securities started coverage on Valmont Industries in a research report on Wednesday, September 6th. They issued a “buy” rating and a $160.00 price target on the stock. Finally, Boenning Scattergood reiterated a “hold” rating on shares of Valmont Industries in a research report on Thursday, July 20th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. Valmont Industries currently has a consensus rating of “Hold” and an average price target of $165.33.
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Valmont Industries 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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